Central Oregon is the place to live right now - and for good reason! This area is growing and evolving day by day. New restaurants, breweries, and local businesses are opening constantly, creating a more diverse and forward-thinking community. This growth is bringing in new people from all over the country. Natural beauty, space, and outdoor activities attract people who are interested in skiing, snowboarding, hiking, boating, surfing, kayaking, and mountain climbing - to name a few. Outside Online even named Bend among the 16 Best Places to Live in the US!
Here are our top 3 reasons to build in Central Oregon:
1. Prices are going up.
People are starting to realize how amazing Central Oregon living really is. Economist and investment business expert Bill Valentine said in 2017 that "residential properties are virtually headed permanently higher" in Central Oregon. You can learn more about what Bill thinks in this video.
2. Renters, galore.
According to city-data.com, 37% of the people who live in Bend rent their home. The vacancy rates for rentals in Central Oregon are also much lower than average - around 1%. The low vacancy rate is beneficial for homeowners for a few reasons: first, you'll almost instantly find renters who are willing to pay a premium to live in your home. Secondly, you can be more picky about who is renting from you, decreasing the risk of having bad renters. If you ever decide to move, you'll more than likely have tenants lined up at your door. This number of renters living in the Bend area is expected to go up as Central Oregon becomes more well-known.
3. It's literally the best.
Seriously, it's the best. A few years back, Business Insider ranked Bend, Oregon the #1 Best Housing Market for the next 5 years with an annualized growth rate increase of 11.9+.
So there it is! As locals who grew up here in Bend, there are endless reasons why Central Oregon is an amazing place to live and raise a family. Get in touch with us to learn more about building and investing in Central Oregon!