Airbnb Rentals Bend Airbnb: Should You Invest in 2022? by Nasser Mansur March 29, 2022March 28, 2022 by Nasser Mansur March 29, 2022March 28, 2022 Are you looking for opportunities to invest in a rental property? Then Bend Airbnb might be one of the most lucrative options you have available. Table of Contents Bend, OR – Real Estate Market Review Bend Housing Market Performance in 2022 What Attracts People to Visit Bend? How to Find Rental Property for Sale Bottom Line Despite the drastic inflation in home prices that we’ve seen in Bend in the past two years, investors who can afford a property there will quickly find themselves making significant rental income. Although first-time homebuyers are struggling to find affordable homes in Bend, the demand is shifting to the rental market and is causing it to grow at the same rate as inflation. This is why today I want to talk about Bend Airbnb rental properties, and how the real estate market trends in Bend have led to short-term rentals becoming such a profitable investment. Bend, OR – Real Estate Market Review Before getting into details related to Bend Airbnb specifically, it’s important to take a look back at the market’s performance in the past couple of years. Unsurprisingly, the Oregon real estate market was impacted in the same manner that virtually every other market was. This means that the market saw increased demand for housing and decreased interest rates on mortgages, which led to supply shortages. However, two factors were unique to the Bend real estate market, which can directly affect the performance of Bend Oregon Airbnb rentals: A Shift in the Buying Season Typically, the buying season in the Bend housing market takes place during Spring. However, due to the supply shortage in 2020 and 2021, buyers have been flocking to the market much earlier during winter out of fear of missing out. This increase in demand gave more power to the sellers, who ramped up their prices to meet the higher demand, even outside of the typical buying season. A shift in the buying season can affect the Bend Airbnb market by making new vacation rentals available earlier in the year. In turn, this will lead to higher competition between short-term rentals in the market during the spring season, which is when occupancy rates are at their highest. Related: Buyers Market vs Sellers Market in Real Estate—Everything That You Need to Know Rising Popularity of Luxury Properties Another major trend that we’ve seen in the Bend real estate market is the increased demand for luxury real estate. The median property price in Bend has increased significantly since 2020, with the median property price sitting at around $900,000 as of March 2022. However, during the past year, roughly 17% of total sales involved properties that closed for over $1,000,000. This is despite the median home price being in the $700,000 range during 2021, which indicates that these properties were mostly luxury homes. These luxury homes have become quite popular in the Bend Airbnb market as they are very lucrative. Due to this, you will find that markets with high median prices are also showing high projected returns for Airbnb Bend properties. So, let’s take a look at Airbnb Bend Oregon, and how the market is performing now in March 2022. Bend Housing Market Performance in 2022 Now that you have an idea of how the market performed in the past couple of years, it’s time we take a look at the Bend Oregon real estate performance currently. The data I will be presenting here comes from Mashvisor’s market reports. Related: How to Find Cap Rate for a Real Estate Market Mashvisor is a real estate analytics platform that collects data from several sources, including the MLS and Airbnb, before applying a sophisticated algorithm to give you the latest accurate market insights and analytics. Since we’re talking about short-term rentals, I will be focusing on Bend Airbnb insights. Bend, Oregon Median Property Price: $961,425 Average Price per Square Foot: $480 Number of Airbnb Listings: 833 Monthly Airbnb Rental Income: $4,663 Airbnb Cash on Cash Return: 3.18% Airbnb Cap Rate: 3.22% Airbnb Daily Rate: $211 Airbnb Occupancy Rate: 63% Walk Score: 29 As you can see from this data, the median property price in Bend, Oregon is very high. This means that despite the market’s popularity in the past two years, the demand is expected to slow down this year as first-time buyers are finding it more difficult to afford a home in Bend. However, investors in the Oregon real estate market who can afford to buy a vacation rental will find the Bend Airbnb market very lucrative. This will result in more investors flocking in to purchase properties, which will present a fiercer competition than before. The great thing about the rental market in Bend is that rent increased at the same rate as property prices. Airbnb Bend is no different, and daily rates have increased similarly as evident from the monthly rental income that you see in our data. Despite this increase in rental rates, the demand for short-term rentals remains high as the average Airbnb occupancy rate sits at 58% in the Bend market. Find a Profitable Airbnb Investment Property But to find the best Oregon investment property, you need to look at the neighborhood level. Bend Airbnb – Top Neighborhoods Based on Mashvisor’s data, the neighborhoods I’m including on this list all have above-average stats for their projected return on investment. To find a great investment property in Bend, you want to invest in neighborhoods that are performing better than the larger market. Related: How to Find the Best Area for Airbnb Investment So, here are the top 5 neighborhoods to invest in Bend Airbnb based on the average projected cap rate and cash on cash return: Southern Crossing Median Property Price: $827,108 Average Price per Square Foot: $413 Number of Airbnb Listings: 268 Monthly Airbnb Rental Income: $5,725 Airbnb Cash on Cash Return: 5.04% Airbnb Cap Rate: 5.11% Airbnb Daily Rate: $198 Airbnb Occupancy Rate: 69% Walk Score: 39 Old Farm District Median Property Price: $895,631 Average Price per Square Foot: $440 Number of Airbnb Listings: 35 Monthly Airbnb Rental Income: $5,156 Airbnb Cash on Cash Return: 4.06% Airbnb Cap Rate: 4.11% Airbnb Daily Rate: $247 Airbnb Occupancy Rate: 62% Walk Score: 13 Larkspur Median Property Price: $656,060 Average Price per Square Foot: $403 Number of Airbnb Listings: 81 Monthly Airbnb Rental Income: $4,067 Airbnb Cash on Cash Return: 3.88% Airbnb Cap Rate: 3.93% Airbnb Daily Rate: $186 Airbnb Occupancy Rate: 61% Walk Score: 32 River West Median Property Price: $1,014,138 Average Price per Square Foot: $552 Number of Airbnb Listings: 274 Monthly Airbnb Rental Income: $5,504 Airbnb Cash on Cash Return: 3.42% Airbnb Cap Rate: 3.46% Airbnb Daily Rate: $208 Airbnb Occupancy Rate: 70% Walk Score: 82 Orchard District Median Property Price: $837,945 Average Price per Square Foot: $456 Number of Airbnb Listings: 250 Monthly Airbnb Rental Income: $4,088 Airbnb Cash on Cash Return: 3.39% Airbnb Cap Rate: 3.44% Airbnb Daily Rate: $191 Airbnb Occupancy Rate: 59% Walk Score: 57 As you can see, only one of these neighborhoods has a median property price that is above the city’s average. Despite having more affordable properties, all of these neighborhoods are considered prime investment locations due to their high rental rates. Additionally, all of them have low vacancy rates, with the most expensive one having the highest Airbnb occupancy rate. This further proves the increased demand for luxury short-term rentals that are considered expensive to buy but are very profitable when it comes to Bend Airbnb. What Attracts People to Visit Bend? If you want to invest in a vacation rental in the Bend Oregon real estate market, you must understand what makes it a great vacation destination in the first place. In this section, I will go over the most notable attractions in Bend, giving you an idea of good locations that can accommodate guests who are visiting these attractions. At a glance, there are two main things that Bend, Oregon is known for: Outdoor Activities Without a doubt, the top reason why people come to Bend is to enjoy the multitude of outdoor adventures that the city offers. The sun shines about 300 days a year on Bend’s outstanding natural beauty. This opens up opportunities for skiing, rock climbing, floating down a river, or just going on an aimless adventure in the wilderness. Craft Breweries/Beer When they’re not enjoying their time in nature, your Bend Airbnb guests will be sipping on craft beer at a local brewery. Bend prides itself on having 22 craft brewers, and it is ranked as one of the highest brewery-per-capita cities in the US. Since visitors will likely be looking to visit the local craft breweries, we recommend checking out the Ale Trail map which includes the city’s brewers. This map can be useful when planning your investment as it will indicate great locations for owning a short-term rental. Other Activities Attractions and activities in Bend Oregon are not limited to the ones I mentioned. There are several other activities that your guests can participate in, as well as plenty of events taking place year-round. These include but are not limited to: Exploring the Downtown area on foot Hiking to the Tamolitch Falls Blue Pool Day-tripping at the Smith Rock State Park Enjoy the views from the Pilot Butte State Scenic Viewpoint Visiting the Salt Creek Falls Skiing down Mt Bachelor during winter Go shopping in the Bend Old Mill District All of these attractions can be used to your advantage when you’re trying to find a great location for a vacation rental with a high return on investment. How to Find Rental Property for Sale in Bend Now that you know that investing in Airbnb Bend is a great idea, you might be wondering how to invest in real estate quickly before all the good properties are sold out. The answer I have for you is simple: use Mashvisor. Mashvisor’s platform was designed to help beginner real estate investors and homebuyers when it comes to finding and analyzing properties. If you want to search for investment properties in Oregon, for example, Mashvisor allows you to find properties based on their projected Airbnb cap rate among other things. Finding a Rental Property Using Mashvisor The process of finding lucrative investment properties is simpler than ever. On the Investment Property Search page, you simply enter the name of the city or market that you want to invest in, and the map tool will switch to that market. On the map, you will be able to see how many properties for sale exist in each area or neighborhood. Activating the real estate heatmap will show you how the average property is performing in each cluster of properties on the map. As you zoom in, you will be able to look at each property individually along with their details and projected returns. By using the filters at the top of the page, you can adjust the search results to match your investment criteria based on your: Available budget Desired return on investment Preferred financing method (cash vs mortgage) Target rental rate Desired property details and specifics Mashvisor’s Investment Property Search gives you a quick overview of the available properties for sale on the map. Mashvisor’s Airbnb Calculator If you want to analyze properties further to see how they are projected to perform in the future, Mashvisor’s Airbnb calculator lets you do that with ease. Each property listed on the platform has its analytics page which you can view. On that page, you will find a calculator tool with all the values and details related to the finances of the property. This includes all the costs and expenses, a mortgage calculator, as well as the results section which includes the property’s traditional and Airbnb cap rate and cash on cash return calculations. Do you want to use our real estate investment tools? Click here to sign up for a 7-day free trial of Mashvisor today, followed by 15% off for life. Found in every listing page on Mashvisor, the Airbnb calculator lets you estimate your investment payback by entering your target rental income, occupancy rate, and expenses. Bottom Line Investing in Bend Airbnb is a lucrative idea, especially as the rental rates continue to increase. However, this option is not available to everyone. As the median property prices have inflated, many investors became unable to afford to buy a house in Bend, Oregon. But smart investors will always find a way to finance their investment if the market is tempting enough. If you decide to invest in Airbnb Bend Oregon, make sure to use Mashvisor to help you out on your journey. Start Your Investment Property Search! START FREE TRIAL AirbnbBend ORCap RateLocationMarket AnalysisOregon 0 FacebookTwitterGoogle +PinterestLinkedin Nasser Mansur Nasser is an experienced content writer with a degree in English Language and Literature. He loves writing about all aspects of the real estate investing business with focus on market and property analysis and the best sources which every real estate investor needs in order to succeed. Previous Post Where Can You Get the Most Reliable Airbnb Data by City in 2022? Next Post Real Estate Capital Gains Tax Calculator: The Investor’s Guide Related Posts Renting Out a House on Airbnb? Here’s How to Be on Top 8 Tips to Maximize Airbnb Income in 2022 What Is a Good ROI for Vacation Home Rentals? Is Mashvisor Airbnb Data Reliable for Short-Term Rental Investors? Your Real Estate Investment Guide to Airbnb Rental Properties: How Does Airbnb Make Money? How Does Airbnb Make Money for Real Estate Investors? Airbnb Dallas: Why & Where to Invest in 2022 How to Invest in Airbnb New York in 2022 Why Are Airbnb Reviews of Guests So Important for Real Estate Investors? The Complete Guide to Finding the Perfect Airbnb Investment Property in 2022 Airbnb vs VRBO: Where Should You List Your Rental Property? Airbnb Pricing Strategy: Consider These Events in 2018 Leave a Comment Cancel Reply Save my name, email, and website in this browser for the next time I comment.