@willinator What you're seeing is correct. Central Oregon's housing market is through the roof, and there is a tremendous limitation of housing. We are in the not-so-distant neighboring Crook County and pay a fraction of the taxes and prices for land/housing. Deschutes County is next level!
However, you get what you pay for! If you're into the outdoors and close proximity to mountain playgrounds, it could be worth the price. I put this on level with Jackson Hold, Boulder, Durango, and Flagstaff. Bend is a college town with a small-town feel but big city prices!
Have you visited here before!?