Rentals & Market Stats — Here’s a Helpful Tool

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(Photo | by Vecislavas Popa from Pexels)

If you are looking for an apartment or home to rent in Central Oregon, or if you want to see real-time stats on how the rental market is doing in the region, there is a helpful app that provides data for renters, landlords and others who need information.

“Zumper was created out of the co-founders’ pure frustration with the rental process. After camping out overnight to find an apartment in the U.K., Zumper’s CEO, Anthemos Georgiades, believed there had to be a better way to search for and find an apartment,” said Crystal Chen, marketing manager of Zumper. “Zumper was born with the mission of making renting an apartment as easy as booking a hotel.”

On the app, (zumper.com/rent-research/bend-or) viewers can see current listings of apartments and homes for rent in Bend — or the city of their choosing — and can view a market summary with information such as average rent prices broken down by neighborhood, the percentage of price increase over the past year, the number of listings currently available and the number of renter-occupied households versus owner-occupied households.

“Zumper caters to both sides of the rental marketplace, renters and property owners,” explained Chen. “We deliver a best-in-class search experience to renters across our website and mobile apps, with the most comprehensive database of active rental listings in the U.S. We also offer property owners top-notch features to lease their units and get paid rent faster than any other platform.”

As of October 2, the site lists the average rent for a studio apartment in Bend at $1,295, a 30 percent increase compared to the previous year. Over the past month, the site says the average rent for a studio apartment increased by 4 percent; the average rent for a one-bedroom apartment increased by 2 percent to $1,473; and the average rent for a two-bedroom apartment decreased by -3 percent to $1,450. Occupancy is listed at 41 percent renter-occupied households and 59 percent owner-occupied households. The most affordable neighborhoods locally are listed as the Orchard District, Southeast Bend and Larkspur, and the most expensive neighborhoods are listed as Aubrey Butte, Summit West and River West. The most popular neighborhoods are listed as River West, Mountain View and Larkspur. 

For those looking to rent a property, the site breaks down the listings into categories in order to customize the search. Filters include affordability, pet-friendly units and short-term rentals.

The site is free to use when searching for a rental, and landlords who own a property with fewer than 25 units can list on Zumper’s platform for free. Landlords have an option of paying for premiere listing placements (i.e., their listings come up at the top of search results), and property owners who want to list more extensively can get in touch with a Zumper representative at zumper.com/multifamily.

“Zumper publishes real-time rental data in all markets throughout the U.S. and Canada so renters and property owners always have access to the latest rental information for their respective cities and even neighborhoods,” said Chen. “Armed with accurate market data, both renters and property owners can then make informed decisions before searching for or listing a property.”

Zumper.com

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Founded in 1994 by the late Pamela Hulse Andrews, Cascade Business News (CBN) became Central Oregon’s premier business publication. CascadeBusNews.com • CBN@CascadeBusNews.com

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