What is the rental yield in Summit West, Bend, Oregon?

The gross yield in Summit West, Bend, Oregon is 2.6. That sits alongside pricing about 36% above the city median and 63% above the state median, so the income figure should be read in the context of a relatively elevated price level and a Red Flag score of 71.

How has pricing changed in Summit West, Bend, Oregon over the past year?

Pricing in Summit West, Bend, Oregon was essentially flat over the past year at 0.2. Even with that stability, the neighborhood still sits about 36% above the city median and 63% above the state median, with a gross yield of 2.6 and a Red Flag score of 71.

How does Summit West compare with Bend, Oregon overall?

Compared with Bend, Oregon, Summit West is priced about 36% above the city median, has a gross yield of 2.6, and shows a walkability of 58 with education in the 77th percentile. The main caution is the Red Flag score of 71, which is relatively elevated.

Neighborhood

Summit West

Bend, Oregon US

Summit West, Bend, Oregon has a mixed investment profile with pricing about 36% above the city median and 63% above the state median, a gross yield of 2.6, and prices essentially flat over the past year at 0.2. The neighborhood combines a walkability of 58 and education in the 77th percentile, but the Red Flag score of 71 points to a higher overall risk reading.

AI Summary•Updated May 2026

Area

4.39 mi²

ZIP Code

97703

County

Deschutes County

State

Oregon

Redfin — median sale & volumeZillow ZORI — asking rentFEMA National Risk Index v1.20OpenStreetMap — POIFBI UCR — state crimeEPA — radon zonesWashU ACAG — satellite PM2.5EPA FRS / BTS — hazard screeningUS Census ACS / TIGER 2024

Verified Price · Median Sale

$1,189,147

YoY+0.2%

Gross Rental Yield

2.6%

Listed rent · ZORI annualized

Red Flag Index

High

71 / 100

Walkability Score

Somewhat Walkable

OpenStreetMap POI density · national percentile

Education Score

77 / 100

Excellent · better than 77% of U.S. districts

Pre-pandemic SEDA (2018/19) · district proxy

AI Score

Limited

DistrictScore attractiveness · national model

Summit West Property Prices & Rental Yield

Verified Redfin sale data and Zillow ZORI asking rent for Summit West, Bend.

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Market Economics Snapshot

May 2026

Metric	Value	YoY
Median Sale Price	$1,189,147	+0.2%
Price / Sq Ft (Verified)	$513/sqft	+1.2%
Asking Rent (Median)	$2,549/mo	+5.8%
Gross Rental Yield	2.6%	—
Liquidity Score	43 / 100	Moderate
Homes Sold (Period)	175	-11.6%

Is Summit West Safe? Natural-Hazard Risk

FEMA National Risk Index composite across eight hazards, plus inherited Oregon crime context.

Red Flag Breakdown

71 / 100

High Risk

Composite is weighted by expected impact — frequent low-damage hazards (hail, wind) weigh less than flood or wildfire.

Wildfire100Very High

Flood80Very High

Earthquake80Very High

Hail80Very High

Strong Wind60High

Heat40Moderate

Tornado20Low

Hurricanen/an/a

7/8 hazards scored · FEMA NRI v1.20

Crime (state-level): Oregon averaged 27.2 crimes and 3.3 violent per 1,000 residents (-6.9% YoY) in 2024(FBI UCR). Compare the state to the country, not states as a ranking — full Safety & Crime data lives on the state page.

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Tract-level hazard heatmap & parcel detail with Pro

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What Stands Out AI Insight

Active transaction volume — 175 homes sold last period

Wildfire risk is Very High (100/100)

Flood risk is Very High (80/100)

Insights are generated from Summit West's live DistrictScore metrics.

Summit West Environment & Safety

Satellite PM2.5 air-quality history, FBI UCR crime trend (Oregon-level, the finest official aggregation), EPA radon potential and point-source hazard screening.

Air Quality — PM2.5

2015–2024

4.6 µg/m³ Meets WHO guideline-10.3% since 2015

EPA 9WHO 5

20152024

Annual mean fine-particle (PM2.5) concentration at the Summit West centroid, satellite-derived (ACAG). References: WHO guideline 5 µg/m³ · EPA annual standard 9 µg/m³. Latest year ranks worse than 10% of U.S. neighborhoods.

Oregon Crime Trend

FBI UCR

20132024

All crimes / 1k

Violent / 1k

Year	Crimes / 1k	Violent / 1k	YoY
2024	27.2	3.3	-6.9%
2023	29.3	3.3	-10.8%
2022	33.0	3.5	+8.4%
2021	30.3	3.4	+3.1%
2020	29.5	2.9	-3.7%
2019	30.8	2.9	—

Reported at the state level — the finest official US crime aggregation; Summit West inherits the Oregon figures.

Radon Potential

EPA

Zone 3

Zone 3 — Lowest potential · Summit West

EPA radon zones estimate indoor radon potential county-wide (Zone 1 highest, Zone 3 lowest). Testing is recommended in all zones.

Environmental Hazards

EPA / BTS

Industrial odor3 nearbyVery High

Point-source screening near Summit West: EPA Superfund National Priorities List & Facility Registry (2026), BTS aviation noise (2020, 24-hour average level). Superfund shows distance to the nearest listed site; odor shows detected sources within the screening radius. Only detected sources are listed; the bar shows severity vs. all U.S. neighborhoods.

Walkability & Amenities in Summit West

Amenity density and pedestrian access from OpenStreetMap points of interest.

Walkability & Amenities

OpenStreetMap POI

58

Somewhat Walkable

Walkability Score

7

Grocery

24

Dining

6

Schools

2

Universities

6

Hospitals

0

Pharmacies

13

Parks

0

Rail Transit

1

Coworking

POI counts are amenities within Summit West's boundary plus a 400 m walk buffer. Rail transit excludes bus stops.

Summit West vs Bend vs Oregon

How Summit West benchmarks against its city and state medians.

Benchmark vs City & State

In Summit West, the median sale price sits about 36% above the median for Bend neighborhoods and about 63% above the statewide median. Gross rental yield is 2.6%, against 3.9% for Bend neighborhoods and 4.0% statewide. Over the past 12 months, prices were broadly flat. Transaction liquidity sits in line with the median for Bend neighborhoods and above the statewide median.

Area	Median / Sq Ft	Gross Yield	Liquidity
Summit West	$513/sqft	2.6%	43
Bend	$377/sqft	3.9%	43
Oregon	$314/sqft	4.0%	32

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Buying Property in the US as a Foreigner

Federal & Oregon tax facts for non-resident buyers, plus the latest local market news.

Buying as a Foreigner

US Tax & Ownership

Applies to everyone7

Capital Gains (Federal)

Long-term capital gains taxed federally at 0/15/20%, plus a 3.8% Net Investment Income Tax on higher incomes (2026).

Property Tax

Property tax: ~0.79% average effective rate (statewide average; set and collected locally).

State Income Tax

State income tax up to 9.9%; rental income is taxed at these rates.

State Capital Gains

Capital gains are taxed as ordinary income at state rates.

Transfer Tax

Real estate transfer tax: none statewide (except Washington County).

Assessment Cap

Measure 50 limits assessed value; it does not reset to market value on sale.

Mansion Tax / Rent Control

Statewide rent control caps annual rent increases at 7%+CPI (SB 608); no mansion tax.

US citizens & tax residents7

Primary-Home Exclusion

Selling your main home: exclude up to $250k of gain (single) / $500k (married) if you owned and lived there 2 of the last 5 years.

1031 Like-Kind Exchange

A 1031 like-kind exchange defers capital gains tax on investment property; 45 days to identify, 180 to close. Real estate only.

Depreciation Recapture

Residential rentals depreciate over 27.5 years; on sale, recaptured depreciation is taxed up to 25% (Section 1250).

Mortgage Interest Deduction

Mortgage interest is deductible on up to $750k of home debt. The SALT cap rose to $40,000 for 2025-2029 (reverts to $10k in 2030).

Opportunity Zones

Opportunity Zones are now permanent (2025): reinvested capital gains get deferral plus a basis step-up, and are tax-free after 10 years.

Rental Income (Resident)

Rental income is reported on Schedule E; passive-loss rules (Section 469) limit deducting rental losses against other income.

1031 State Conformity

Conforms to 1031 but tracks deferred in-state gain after an out-of-state exchange.

Foreign buyers (non-residents)5

FIRPTA (Foreign Sellers)

FIRPTA: the buyer withholds 15% of the gross sale price when a nonresident sells US property. It is an advance deposit, not the final tax.

Non-Resident Capital Gains

Nonresident sellers pay US capital gains tax (generally 15-20%) on the net gain via Form 1040-NR; FIRPTA withholding is credited.

Non-Resident Rental Tax

Nonresident rental income is taxed at 30% of gross by default, or on net income at graduated rates via a Section 871(d) election (W-8ECI).

Estate Tax (Non-Resident)

Nonresidents get only a $60,000 US estate-tax exemption (vs $13.99M for residents); US property above it is taxed up to 40%. Treaties may help.

ITIN Requirement

Nonresidents without an SSN need an ITIN (Form W-7) to file US tax returns, claim FIRPTA refunds, and report rental income.

Talk to a US real-estate tax advisor

FIRPTA, ITIN & Oregon property-tax guidance for foreign buyers

Latest Bend Real-Estate News

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Guaranteed Rate • Jun 18, 2026

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Eye On Housing • Jun 18, 2026

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Summit West Real Estate FAQ

Summit West, Bend, Oregon shows a mixed profile rather than a clear value case. Pricing is about 36% above the city median and 63% above the state median, gross yield is 2.6, and prices were essentially flat over the past year at 0.2, while the Red Flag score is 71.

Neighborhoods near Summit West

Compare Summit West with nearby neighborhoods in Bend.

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