Located in central Oregon, Bend is quietly gaining attention for more than just its picturesque landscapes. Surprisingly, it’s one of Oregon’s fastest-growing cities, leading the nation in remote worker growth at 12.1%. What was once a well-kept secret among nature enthusiasts is now emerging as a lucrative investment opportunity. Nestled in central Oregon, this outdoorsman’s paradise has captured the hearts of many with its scenic beauty and rich quality of life.
Remote Work Phenomenon Driven by Quality of Life
Bend’s emergence as a remote work hub is not by chance but by design. The city’s allure lies in its commitment to providing residents with a high quality of life. From a mild climate to an array of outdoor activities within arm’s reach, Bend offers a lifestyle that attracts folks from all corners of the country. A vibrant town, culinary delights, and a thriving local beverage scene make Bend the #1 place to live for remote workers.
Record Population Growth – Is It Too Late for Investors?
With Bend experiencing remarkable population growth, some may wonder if the real estate market is saturated. While growth has been significant, savvy investors understand the art of finding hidden investment prospects and seizing the right moment. At Cornerstone Commercial Investments, we have a proven track record of navigating the Bend market and identifying unique opportunities that continue to emerge.
Investment Opportunities in Bend: A Closer Look
Consider the following factors that make Bend an attractive investment destination:
- Rent vs. Own Gap: The median home price in Bend has surpassed $800,000, creating a substantial gap between renting and owning. Buying a house is approximately $3,400 more expensive per month, excluding typical homeowner expenses. The demand for affordable housing solutions, such as apartments, constantly increases. When limitations exist in one area, substantial opportunities often arise elsewhere for those who know where to look.
- Urban Growth Boundaries: Bend’s urban growth boundaries restrict the annexation of land, making in-town projects more valuable. This constraint has driven up rental and resale prices, presenting lucrative opportunities for investors. Cornerstone Commercial Investments provides highly lucrative investment options geared toward renters and those relocating to the area who may be unable to afford a purchase.
- Low Supply Coming to Market: Oregon is known as a blue state, which has deterred many investors. As a result, competition in Bend is not as fierce as it may seem initially, creating vast opportunities for those who can navigate the market intelligently.
- Landlord/Tenant Laws: Post-COVID updates to landlord/tenant laws in Oregon favor landlords, adding an extra layer of attractiveness for real estate investors. Landlords are legally permitted to raise rent rates and to evict tenants when necessary.
Seizing Opportunities with Cornerstone Commercial Investments
At Cornerstone Commercial Investments, we address the high-demand niche demographics with expanded living options. The surging Millennial and underserved Middle Markets are experiencing rapid growth. While new construction often targets luxury apartment units, the underserved Middle Market and Millennial renters are left struggling to find affordable housing options. At Cornerstone Commercial Investments, we specialize in finding those niche markets and creating opportunities other investors miss, such as in Bend, Oregon.
Are you ready to explore the potential of investing in Bend, Oregon’s real estate market? Cornerstone Commercial Investments is your trusted partner, equipped with the knowledge and expertise to guide you through the complexities of this evolving market. Our proven track record speaks volumes, demonstrating our ability to uncover hidden gems and act strategically. Contact us at Cornerstone Commercial Investments, and let’s start a conversation about unlocking the investment potential in Bend, Oregon.