Is Investing in Short-Term Rentals in Bend, Oregon Worth It in 2025?
From riverfront cottages to cozy mountain escapes, Bend has become one of the most desirable places in the Pacific Northwest for short-term rentals. Whether you’re eyeing a second home that earns passive income or looking to diversify your real estate portfolio, Bend’s tourism-driven economy and year-round demand make it an appealing option.
But is now the right time to invest in a short-term rental in Bend, Oregon?
At Team Birtola High Desert Realty, our top real estate agents in Bend work with both first-time investors and seasoned property owners to make smart, profitable decisions. Come along with us as we walk through what you need to know in 2025—from zoning laws to ROI—and where to find the best opportunities.
Why Bend Is a Prime Vacation Rental Market
Bend draws nearly 4 million visitors annually, thanks to its proximity to:
- Mt. Bachelor (skiing, snowboarding)
- Deschutes River (rafting, kayaking)
- Smith Rock, the Cascade Lakes, and endless hiking trails
What That Means for Investors:
✅ Strong year-round occupancy (especially summer & ski season)
✅ High nightly rates in desirable areas
✅ A built-in lifestyle bonus: use your home part of the year and rent it the rest
According to AirDNA, the average short-term rental in Bend earns $48K–$75K/year depending on size, location, and amenities.
What You Need to Know About Short-Term Rental Regulations
Bend has implemented a vacation rental permit system to regulate density and preserve neighborhood character.
Key Points in 2025:
- Short-term rentals (STRs) are defined as rentals under 30 days
- You must apply for a Type II permit through the City of Bend
- New STRs are limited by a 250-foot buffer from other rentals
- Permits are property-specific and non-transferable
Read the City of Bend’s STR Code Summary
If you’re considering a property for short-term rental income, work with a team that understands the zoning rules—and can help you vet options quickly.
Top Neighborhoods for STR Investment in Bend
Not all areas of Bend are equal when it comes to vacation rental potential. Here are three top-performing areas investors should watch in 2025:
1. River West
- Walkable to Drake Park, downtown, and restaurants
- High guest appeal for first-time visitors
- Many homes already permitted or “grandfathered in”
- Average Nightly Rate: $275–$400
2. Old Bend / Downtown
- Ideal for investors who want premium rates and long-term appreciation
- Historic homes, character properties, and ADU-friendly lots
- Permit availability is competitive—act fast if one becomes available
3. Westside Near Galveston & Century Drive
- Perfect for outdoor-focused tourists
- Quick access to Mt. Bachelor, Phil’s Trail, and breweries
- Great combo of walkability + quiet streets
Search Homes Near Downtown Bend
How to Evaluate a STR Investment Property in Bend
When we work with investors, we focus on five key metrics:
- Permit Eligibility – Is the home in an eligible STR zone?
- Seasonal Demand – Can it earn income year-round?
- Operating Costs – What are taxes, HOA fees, and utilities?
- Furnishing & Startup – Will you rent turnkey or customize it?
- Local Management – Who will handle guest turnover, cleaning, and issues?
STR Alternatives: Mid-Term or Hybrid Rentals
Can’t get a short-term permit? No problem.
Many Bend investors are turning to:
- Mid-term rentals (30–90 days) for remote workers and traveling nurses
- Seasonal leases for summer visitors or skiers
- ADUs or detached studios for added flexibility
With the right property and strategy, you can still generate income—without the restrictions of traditional STR rules.
We’ll Help You Make a Smart Investment
At Team Birtola High Desert Realty, we:
- Know which homes already have STR permits
- Understand local zoning and buffer maps
- Evaluate potential income and long-term resale value
- Negotiate based on both lifestyle and investment value
Ready to start your STR property search? Schedule a consultation with us today.
Final Thoughts: Is It Worth It in 2025?
In short—yes. With the right strategy and guidance, investing in a short-term rental in Bend can provide significant income, lifestyle perks, and long-term equity.
But timing and due diligence are everything.
✅ Work with a local team that understands the nuances
✅ Focus on permit-eligible homes or established rentals
✅ Know your goals: income, appreciation, or both?
Let’s make your investment work smarter not harder. Call us, the best realtors in Bend, Oregon at (541) 312-9449 or schedule your consultation with High Desert Realty today!