ZIP Code · OR

ZIP 97702

Part of Bend, OR

Pop. 54,657·Deschutes County·8th most expensive ZIP in Oregon

Median rent (all units)

$2,257/mo

Year-over-Year

+3.5%

Month-over-Month

Stable

vs US Median

+$325

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 97702 · $2,257

More expensive than 72% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$1,460

1 BR

$1,470

2 BR

$1,910

3 BR

$2,660

4 BR+

$3,200

Research median

$1,910/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: October 17, 2026

From the history

What the numbers show

Cheapest month to sign

January. Asking rents in ZIP 97702 usually run 2.2% below trend in January and 2% above it in August, about $95 a month apart at today's median. Based on 10 years of data.

Compared with the peak

Rent in ZIP 97702 is 0.1% below its high of $2,259 in June 2026, at $2,257 as of September 2026.

Past year vs. the rest of Oregon

Rent in ZIP 97702 changed +3.5% over the year to September 2026. Across the 106 Oregon ZIP codes Zillow tracks, the typical change was +1.6%.

Rent vs. income since 2019

From 2019 to 2024, rent in ZIP 97702 rose 45.1% while median household income rose 37.5% ($69,895 to $96,112). Rent outpaced income.

Since before the pandemic

Rent in ZIP 97702 is 49.9% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.

Recent direction

Rent has risen 2 months in a row, and rose in 10 of the last 12 months.

What a typical income covers

30% of the median household income ($96,112) is $2,403 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,910); a 3-bedroom is $2,660.

Rank in Bend

2nd cheapest of 3 ZIP codes in Bend.

From Zillow's monthly rent index (ZORI) for ZIP 97702. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$27,084/yr

At $2,257/mo median

Location

CityBend

StateOR

CountyDeschutes County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (3.5% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+3.5% YoY, +0.0% MoM), not inventory.

Demographics

Who lives here

ZIP 97702 (Bend, OR) is majority owner-occupied, has a large retiree population, has a median income above the national average, 48.4% of residents hold a bachelor's degree or higher.

Population

54,657

Median income

$96,112

Median age

42.8

Renters

28.5%

Age distribution

19.5%

18.7%

28.6%

12.7%

20.5%

Under 1819.5%

18–3418.7%

35–5428.6%

55–6412.7%

65+20.5%

Gender

50.4%

49.6%

Male50.4%

Female49.6%

Race & ethnicity

86.4%

White86.4%

Hispanic9.9%

Asian0.8%

Other2.7%

Education (25+)

18.2%

29.7%

48.4%

No HS diploma3.7%

HS diploma18.2%

Some college29.7%

Bachelor's+48.4%

Housing tenure

71.5%

28.5%

Owner71.5%

Renter28.5%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 97702 in Bend, OR has changed in 5 years

Rent

$1,915 → $2,257

up 17.9%

Income

$74,190 → $96,112

up 29.5%

Population

50,767 → 54,657

up 7.7%

Renter share

30.5% → 28.5%

-2.0 pts

Bachelor's+

39.9% → 48.4%

+8.5 pts

Median age

41.5 → 42.8

+1.3 yrs

The median rent in ZIP 97702 in Bend, OR stood at $1,915 in 2021 and currently runs about $2,257, reflecting a 17.9% increase over the period. Census figures show median household income at $96,112 today, compared with $74,190 five years earlier. On paper, paychecks moved up faster than rent, which softens the affordability squeeze versus the 2021 baseline. The population has grown by 7.7% since 2021, moving from about 50,767 residents to roughly 54,657. Renters now make up 28.5% of households, compared with 30.5% five years ago. College-educated residents now make up 48.4% of adults here, versus 39.9% in 2021. The combined trend lines point to a market that has changed measurably from where it stood in early 2021.

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About renting in ZIP 97702

Last updated: October 17, 2026

ZIP code 97702 covers Bend, OR. The median rent here is $2,257/mo as of October 2026. A 1-bedroom rents for a median of $1,470/mo. A 2-bedroom rents for a median of $1,910/mo.

At 28% of local median household income ($96,112/yr), ZIP 97702 ranks as affordable compared to the national benchmark of 30%. Rents have increased 3.5% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 97702?

To keep rent at or below 30% of gross income, you would need to earn at least $90,000/year (about $43/hour full-time) to afford the median rent of $2,257/mo in ZIP 97702. The local median household income is $96,112/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 97702?

Rent in ZIP 97702 has risen 3.5% over the past year as of September 2026. It sits 0.1% below its high of $2,259 in June 2026.

When is the cheapest time to rent in ZIP 97702?

Asking rents in ZIP 97702 are usually lowest in January, about 2.2% below their yearly trend, and highest in August, about 2% above it. At today's median that is a gap of roughly $95 a month. This pattern comes from 10 years of Zillow rent data.

Has rent outpaced income in ZIP 97702?

Yes. From 2019 to 2024, rent in ZIP 97702 rose 45.1% while median household income rose 37.5%, from $69,895 to $96,112. Rent is Zillow's yearly average; income is the Census 5-year estimate for the same years.

How does ZIP 97702 compare to other ZIPs in Oregon?

ZIP 97702 is one of the pricier among Oregon ZIP codes for rent, ranking #8 of 114 at $2,257/mo. Over the year to September 2026, rent in ZIP 97702 changed +3.5%, against a typical +1.6% across the 106 Oregon ZIP codes Zillow tracks.