Located in central Oregon, Bend has become more than just a destination for outdoor enthusiasts – it’s one of the hottest emerging real estate markets for savvy investors. With its breathtaking landscapes, vibrant community, and growing reputation as a haven for remote workers, Bend offers a unique blend of lifestyle and opportunity that’s hard to resist.
The Remote Work Phenomenon in Bend
Bend’s rapid growth isn’t accidental—it’s fueled by a confluence of lifestyle appeal and remote work trends. With its mild climate, endless outdoor activities, and bustling downtown, Bend has been ranked as the #1 place for remote workers. Millennials and Gen Z professionals, drawn by the promise of adventure and a balanced work-life dynamic, are flocking to the city in droves. This influx of new residents has made Bend one of the fastest-growing cities in the nation, with remote worker growth topping 12.1%.
Why Bend is Prime for Real Estate Investment
The city’s appeal to remote workers has spurred a population boom, raising questions about whether it’s too late to invest in Bend. On the contrary, now might be the perfect time. At Cornerstone Commercial Investments, we see Bend as a goldmine of hidden opportunities, especially in multi-family housing and infill projects. Here’s why:
1. Rent vs. Own Gap
Bend’s median home price has surged past $800,000, making homeownership a steep climb for many. This affordability gap creates high demand for rental properties, particularly affordable multi-family units. With renting far more budget-friendly than owning, investors can capitalize on a consistent stream of renters looking for quality housing.
2. Urban Growth Boundaries
Bend’s strict urban growth boundaries limit land development, increasing the value of in-town properties. For investors, this means opportunities for high-demand housing projects in centrally located areas. Multi-family developments thrive in this environment, meeting the needs of a growing population while ensuring strong returns.
3. Favorable Landlord/Tenant Laws
Recent updates to Oregon’s landlord-tenant laws post-COVID have tilted in favor of property owners. Rent increases and eviction processes have become more landlord-friendly, creating an attractive regulatory environment for real estate investors.
4. Low Competition Among Investors
Despite its growth, Bend’s location in a blue state has deterred some investors. However, this creates a less saturated market for those willing to navigate the regulatory landscape. The result? Opportunities to secure lucrative properties without the intense competition found in other booming cities.
A Hub for Multi-Family Housing
One of Bend’s standout investment opportunities lies in multi-family housing projects. With a significant portion of its population seeking affordable living options close to amenities, the demand for rental units remains robust. Infill projects—developments that maximize the use of existing urban spaces—are particularly strategic. They address the city’s housing needs while capitalizing on limited land availability.
Cornerstone Commercial Investments has seen our multi-family assets in Bend outperform expectations, solidifying the city’s position as a cornerstone of our portfolio. These properties not only yield strong returns but also contribute to the city’s growth by offering much-needed housing solutions.
Navigating Bend’s Unique Market
Bend’s real estate market requires a nuanced approach, and that’s where expertise matters. From understanding zoning restrictions to identifying emerging neighborhoods, success in this market depends on a deep knowledge of its dynamics. At Cornerstone Commercial Investments, we specialize in uncovering these hidden opportunities and guiding investors toward profitable ventures.
Ready to Take the Next Step?
Whether you’re a seasoned investor or new to real estate, Bend represents a chance to be part of something extraordinary. The city’s trajectory shows no signs of slowing, and its appeal only grows stronger with time.
At Cornerstone Commercial Investments, we’re proud to be at the forefront of Bend’s evolution. Our commitment to identifying high-value opportunities in this dynamic market has made us a trusted partner for investors nationwide. To learn more about how we can help you succeed in Bend’s real estate market, visit our website or contact us today.
Bend, Oregon: a place where lifestyle meets opportunity—and where your next investment success story begins.