How much is a home worth in ZIP code 97701?

The typical home in 97701 is worth $611,708, based on the Zillow Home Value Index.

Are home values rising in 97701?

Home values in 97701 are down 2.6% over the past year, and up 3.3% a year over five years.

What is the typical rent in 97701?

A typical home in 97701 rents for about $2,146 a month, a gross rental yield of 4.2%.

What is the property tax rate in 97701?

The effective property tax rate in 97701 is 0.6% — roughly $3,416 a year on a typical home.

ZIP code 97701 has a population of 43,293 and a median household income of $87,739.

HousingHandbookReference data

…

U.S. ZIP Code · OR97701

Deschutes County · Bend, OR

Typical home value

$611,708^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -2.6%
5-year / yr: +3.3%
10-year / yr: +6.6%

Relative price

vs U.S.: +115.3%
vs metro: +2.8%
vs state: +33.0%

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 97701 is worth $611,708 — 2.8% above the Bend, OR median. Over the past year, values have fallen 2.6%. Homes here rent for a typical $2,146 a month — a 4.2% gross rental yield. The effective property tax rate is 0.6%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent: $2,146^[2]
Gross yield: 4.2%^[2]
Cap rate: 2.5%^[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate: 0.6%^[3]
Typical annual tax: $3,416^[3]

#Climate risk

FEMA National Risk Index ratings for Deschutes County. "Not Applicable" means the hazard does not threaten the county.

Overall risk: Relatively Moderate^[4]
Riverine flood: Relatively Moderate
Coastal flood: Not Applicable
Wildfire: Relatively High
Drought: Very Low
Heat wave: Relatively Low
Hurricane: Not Applicable
Tornado: Very Low
Earthquake: Relatively Low
Winter weather: Relatively High

#Who lives here

Population: 43,293^[3]
Median household income: $87,739^[3]

#Migration

Household moves in and out of Deschutes County over a year, from IRS tax-return data.

Net migration: +1,224^[5]
Moved in: 7,660
Moved out: 6,436

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools: 20
Elementary: 11
Middle: 4
High: 5

Summit High School
High · Grades 9–12 · Bend-LaPine Administrative SD 1
1,326 students
Mountain View Senior High School
High · Grades 9–12 · Bend-LaPine Administrative SD 1
1,261 students
Bend Senior High School
High · Grades 9–12 · Bend-LaPine Administrative SD 1
1,232 students
Pilot Butte Middle School
Middle · Grades 6–8 · Bend-LaPine Administrative SD 1
641 students
Pacific Crest Middle School
Middle · Grades 6–8 · Bend-LaPine Administrative SD 1
626 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Home value$Monthly rent$

Gross yield4.2%

Net yield (after ~40% expenses)2.5%

Annual rent$25,755

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Home price$Down payment%Interest rate%Loan termyears

Monthly payment$3,093

Loan principal$489,367

Down payment$122,342

Total interest paid$624,160

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Home price$Monthly rent$Down payment%Mortgage rate%Property tax rate% / yrMaintenance% / yrRule of thumb: 1% of home value per year.

Own : rent ratio1.81

Monthly cost to own$3,888

Monthly rent$2,146

Renting is meaningfully cheaper month-to-month.

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation: 18th percentile^[1]
Rental yield: 40th percentile^[2]
Property tax: 27th percentile^[3]

Rankings

Top-10 lists this ZIP code appears on.

1st for fastest-growing in ORView list →

Frequently asked

How much is a home worth in ZIP code 97701?: The typical home in 97701 is worth $611,708, based on the Zillow Home Value Index.
Are home values rising in 97701?: Home values in 97701 are down 2.6% over the past year, and up 3.3% a year over five years.
What is the typical rent in 97701?: A typical home in 97701 rents for about $2,146 a month, a gross rental yield of 4.2%.
What is the property tax rate in 97701?: The effective property tax rate in 97701 is 0.6% — roughly $3,416 a year on a typical home.
Who lives in 97701?: ZIP code 97701 has a population of 43,293 and a median household income of $87,739.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

97760 vs 97701 →
Crooked River Ranch CDP, OR
Typical home
$578,630
Gross yield
—
97702 vs 97701 →
Bend, OR
Typical home
$685,939
Gross yield
4.0%
97756
Redmond, OR
Typical home
$515,361
Gross yield
4.7%
97707
Sunriver CDP, OR
Typical home
$741,155
Gross yield
—
97730
Camp Sherman CDP, OR
Typical home
$748,836
Gross yield
—
97754
Juniper Canyon CDP, OR
Typical home
$433,209
Gross yield
4.2%

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Pit ZIP 97701 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · OR97701

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