Median Home Price
$656,914.4
Median Rent
$2,251.75/mo
Price-to-Rent Ratio
24.3
Property Tax RateTIE
0.97%
Price Change (1Y)
-2.9%
Price Change (5Y)
-14.5%
Break-Even YearsTIE
N/A
10-Year Wealth Difference
$471,467
Median Home PriceBETTER
$446,036.58
Median RentBETTER
$1,805.55/mo
Price-to-Rent RatioBETTER
20.6
Property Tax RateTIE
0.97%
Price Change (1Y)BETTER
-0.1%
Price Change (5Y)BETTER
-0.4%
Break-Even YearsTIE
N/A
10-Year Wealth DifferenceBETTER
$277,740
Key Differences
Home Prices
Bend's median home price of $656,914.4 is higher than Springfield's $446,036.58 by 47%.
Monthly Rent
Renting in Bend costs $2,251.75/mo compared to $1,805.55/mo in Springfield—a difference of $446.2/mo.
Buy vs Rent Verdict
Both cities currently favor renting.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.