Similar to its nearby areas, it is a little less expensive compared to the rest of the nation. However it's substantially less expensive compared to the city of Bend.
Home prices
Madras's median home price is $182,500. Compared to its nearby areas it is about $5,200 (2%) higher.It is about $35,000 (16%) lower compared to the entire country, and it is about $202,300 (52%) lower in comparison to the city of Bend.
Rents
In Madras the median rent is $815 per month. It is about $67 (7%) lower in comparison to nearby areas.It is roughly $247 (23%) lower compared to the country as a whole, and in comparison to the city of Bend it is roughly $461 (36%) lower.
Nearby places
Metolius
Metolius is approximately 3 miles southwest from Madras. Real estate prices there are significantly less expensive. The median home in Metolius costs $109,400, which comes out to $73,100 (66%) lower than Madras. The rent there is somewhat more expensive. The median monthly rent in Metolius is $979, which is $164 (16%) higher than Madras.
Culver
Culver is about 8 miles southwest from Madras. Real estate prices there are fairly similar. The cost of the median home in Culver is $183,800, which is very similar to Madras. The rent there is somewhat more expensive. The median rent in Culver is $882 a month, which works out to $67 (7%) higher than Madras.
Warm Springs
Warm Springs is about 10 miles northwest of Madras. The housing prices there are substantially less expensive. Warm Springs's median home cost is $98,600, which is $83,900 (85%) lower than Madras. Rent there is a lot less expensive. In Warm Springs the median monthly rent is $442, which is $373 (84%) lower than Madras.
Crooked River Ranch
Crooked River Ranch is about 15 miles southwest from Madras. The housing prices there are a bit more expensive. The median home value in Crooked River Ranch is $262,900, which works out to $80,400 (30%) higher than Madras. The rent there is somewhat more expensive. Crooked River Ranch's median rent is $1,189 per month, which comes out to $374 (31%) higher than Madras.
Terrebonne
Terrebonne is approximately 18 miles south of Madras. Its housing prices are a little more expensive. The value of the median home in Terrebonne is $231,800, which is $49,300 (21%) higher than Madras. Its rents are somewhat more expensive. In Terrebonne the median monthly rent is $917, which comes out to $102 (11%) higher than Madras.