Pacific Northwest5.5% avg cap rateLive · 41 active listings

Bend, OR

Oregon outdoor capital - ski, river, and craft beer market

Bend has emerged as one of the fastest-growing STR markets in the Pacific Northwest, combining Mt. Bachelor skiing, the Deschutes River, world-class mountain biking, and a nationally recognized craft beer scene. Year-round outdoor recreation creates multi-season demand. Deschutes County requires STR permits and limits licenses in certain residential zones.

5.5%
Avg Cap Rate
Net operating income / price
52%
Avg Occupancy
Annual average
$297
Avg Nightly Rate
All property types
$765K
Avg List Price
STR-viable properties

41 active listings in Bend are analyzed and ranked right now

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Estimated Annual Performance

Gross rental revenue
52% occ × $297/night
$56,587
Est. operating expenses
Mgmt, cleaning, supplies, insurance (~40%)
- $22,635
Est. net operating income
Before mortgage & depreciation
$33,952
At $765K avg price
Implied cap rate
4.4%

* Estimates based on market averages. Individual property performance varies. Always run a full underwriting analysis.

Why Investors Choose Bend

Mt. Bachelor ski resort - top-10 western ski destination
Outdoor recreation is year-round - no hard off-season
80+ craft breweries drive extended weekend stays
STR permit required - residential zones have license caps
Peak season: Dec - Mar (ski), June - Sept (outdoor)
Top property types: Single Family, Cabin, Townhouse, Condo
Primary zip: 97701, 97702, 97703

Market averages, not guarantees. Cap rates, occupancy, and nightly rates are market-wide averages based on active STR listings and historical data. Individual property performance depends on location, amenities, management, and listing quality. Always run a full underwriting analysis before purchasing.Stats sourced from 41 active listings · last updated Jul 17, 2026

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