Navigating the Central Oregon Housing Market in 2025
Finding an affordable home in Central Oregon can be tricky, but with the right mindset and approach, homebuyers can still make it work. While mortgage rates are hovering around 7%, many buyers are realizing that the key isn’t waiting for rates to drop but focusing on what fits within their monthly budget.
The median home prices in Central Oregon have risen recently, reaching $800,000 in Bend and $500,000 in Redmond. While this may seem daunting, buyers are finding success by adjusting their strategy. Instead of fixating on the home’s price, many are choosing homes that align with their monthly payment comfort zone, which opens up more possibilities.
Although rising prices and rates may make things seem tough, it’s important to remember that the market is still full of opportunity. As long as buyers focus on what they can afford on a monthly basis, they can make smart choices that work for their financial situation. Consulting with a mortgage lender can help buyers determine their comfort level and explore options that meet their needs.
In addition, the local community is working hard to improve affordable housing options and encourage new developments, which is a positive sign for the future of the market. Even with current supply constraints, those looking to buy can still find the right home—and as the market evolves, there will be more chances for buyers to find exactly what they’re looking for.
For many, the first home might not be their forever home, but it’s still a stepping stone to the future. By focusing on what works now—whether it’s a manageable payment or a home that meets long-term goals—buyers can feel confident in their decision and ready for whatever the future holds.
If you’re ready to explore your options and find a home that fits your budget and goals, reach out to me today!
