Prices are lower all across the board in Bend. We were looking into some townhouses in Boulder, and they're still several hundred dollars more than what we pay in a nice part of Bend within walking distance of downtown.
Obviously, but no amount of high-density construction in Boulder will make it cheaper than equivalent accommodations in Bend (unless Bend gets a lot more expensive).
I'm not questioning your decision, but it's worth being realistic about what high-density construction could achieve.