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Deschutes County, OR

RANK #870 / 996  ·  POP 199,352  ·  OR

PROJECTED GROWTH: -1.3%

Deschutes County ranks in the bottom tier of U.S. counties on economic momentum.

[01] Why Deschutes County?

Bend, the county seat, is a notable town in Deschutes County, Oregon, known for its access to outdoor recreation and a relaxed atmosphere. Located in Central Oregon, between the Cascade Mountains and the high desert, the county offers a mild climate. Commuting within the county is generally manageable, with an average commute time of under 20 minutes, and options like carpooling and vanpooling are promoted. The Deschutes River, a national and state scenic waterway, provides opportunities for whitewater rafting, kayaking, and fishing. Other popular activities include hiking, mountain biking, skiing, and exploring volcanic caves.

Life in Deschutes County attracts a mix of residents, including young professionals, families, and retirees, drawn to the area's natural amenities and quality of life. Over 90% of adults report good to excellent overall health. The economy, once centered on logging, has shifted towards tourism and a diverse service sector, including healthcare. While tourism remains a significant economic driver, there is also interest in developing renewable energy projects, such as biomass, solar, geothermal, and wind. The Bend-La Pine Schools district serves a large student population with above-average public schools.

[02] Market Snapshot

Housing Ratio
8.0x

Overvalued relative to economy

GDP Growth
+5.7%

Well above national median

Home Prices
-2.5%

Prices declining

Climate & Terrain
6.1

Favorable climate & terrain

Price/Rent
20x

Prices detached from rents

Housing looks overvalued at 8.0x — home prices are high relative to local economic output. Climate and geography support a structural premium. The typical U.S. county is 4–6x.

[03] Signal Profile

[04] Home Value Growth vs National

Deschutes County U.S. National

The Numbers

DEMOGRAPHICS
Population
199,352
+2.25% YoY
Median Household Income
$82,042
Median Home Value
$526,200
-2.48% 12mo
Median Rent
$1,550
Average Annual Pay
$66,229
+6.1% YoY
Employment
93,866
+1.9% YoY
Income-to-Home-Value
0.1559
Less affordable than average
Migration Inflow
3.3%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$635,000
Days on Market
99
Slower market
Months of Supply
3.9
Balanced market
Sale-to-List Ratio
98.0%
Negotiation room for buyers
Sold Above List
12.1%
Listings w/ Price Drops
23.4%
Building Permits (2024)
1,624
Single-Family Permits
1,148

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Capital Investment

$3,075M
TOTAL
PROJECT AMOUNT STATUS
Deschutes Solar and Battery Energy Storage System (BESS) Facility
BrightNight Power (DECH bn, LLC)
$1,000M Planned
Enel Greenpower North America Solar Project (Bend-Redmond)
Enel Greenpower North America LLC
$700M Proposed
Finley Butte Climate Fixer Solar Project (La Pine)
Finley Butte Climate Fixer LLC
$650M Proposed
Enterprise Zone Authorizations (Various Projects)
Various
$625M Operating
Amazon Delivery Hub (Redmond)
Amazon
$50M Under Construction
Knott Road/Baker Road: US97 Interchange
Deschutes County Road Department
$50M Planned

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[06] Score Breakdown

GDP Growth +5.7% 89 percentile
Population Growth +2.2% 91 percentile
Income Growth +10.7% 88 percentile
Vacancy Rate 0.6% 92 percentile
Home Price Change -2.5% 12 percentile
Rent Growth +3.6% 61 percentile
Price/Rent 20x 7 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

Is Deschutes County, OR a good place to move to?

Deschutes County has a Boom Town Index score of 13/100, ranking #870 among 996 U.S. counties. With job growth at +1.9% and a median household income of $82,042, it faces some economic headwinds compared to faster-growing counties.

Is Deschutes County affordable?

The median home value in Deschutes County is $526,200 with median rent at $1,550/month. The income-to-home-value ratio is 0.1559, which is less affordable than the national average.

Is Deschutes County growing or shrinking?

Population growth: +2.2% year-over-year. Job growth: +1.9%. Home values changed -2.5% in the past 12 months.

Are people moving to Deschutes County?

Yes — 3.3% of Deschutes County's population moved from another state, which is above the national average and indicates strong in-migration.

[08] Similar Metros

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