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The Best Places to Buy Investment Property in Central Oregon in 2023

Central Oregon is an increasingly popular destination for real estate investors, thanks to its growing economy, strong job market, and vibrant lifestyle. With a diverse range of communities, it’s no wonder that many are looking to Central Oregon as the ideal place to invest in property for 2023. In this article, we’ll explore some of the most promising neighborhoods and towns for investment opportunities in Central Oregon.


Nestled along the Deschutes River, Bend is one of the most sought-after destinations in Central Oregon. With a booming craft brewery industry, outdoor recreational activities, and a picturesque downtown area, Bend offers an appealing mix of urban amenities and natural beauty. The strong tourism industry drives demand for vacation rentals, making it an attractive option for investment property owners.


Redmond is a rapidly-growing city located just north of Bend. The city has seen significant growth over the past decade and offers affordable housing options compared to Bend. With close proximity to major transportation corridors such as Highway 97 and easy access to outdoor activities, Redmond is well-positioned for continued growth, making it a smart choice for real estate investors.


If you’re seeking a small-town atmosphere with plenty of outdoor recreation opportunities, Sisters is the place to be. Known for its charming western-themed main street and stunning mountain views, Sisters is an excellent location for investors interested in vacation rentals or long-term rental properties. With its strong sense of community and thriving local businesses, Sisters continues to attract new residents and tourists alike.


As the oldest community in Central Oregon, Prineville offers a rich history and affordable real estate options. With significant investments from large technology companies such as Apple and Facebook establishing data centers nearby, there’s growing potential for increased job growth and higher property values in the coming years.


Sunriver is a popular resort community that boasts an excellent golf course, scenic bike trails, and an array of other amenities. With a strong demand for vacation rentals, investing in property in Sunriver can provide steady rental income and potential for property value appreciation.

La Pine

Located about 30 miles to the south of Bend, La Pine is an up-and-coming community with a lower cost of living than the more established cities in the region. As Central Oregon continues to grow, La Pine presents a unique opportunity for real estate investors looking to capitalize on its planned development projects and expanding infrastructure.

In conclusion, Central Oregon offers a variety of excellent investment opportunities for real estate investors in 2023. From resort communities like Sunriver and Sisters to rapidly-growing cities like Redmond and Bend, there’s something for everyone in this beautiful region. By researching local market trends and understanding the unique qualities of each area, you can find the perfect location to meet your investment goals.