Corvallis, OR—97330
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Corvallis, OR
As of Oct '25, the median home price in Corvallis, OR is $568,000, with a year-over-year change of 0.6%. This indicates that home prices in Corvallis, OR are flat. According to Zillow, the 1-year price projection is 0.8%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $568,000 | 0.6% |
| Single Family | $571,000 | 0.5% |
| Condos | $268,000 | -3.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $386,000 | -2.8% |
2 Bed | $420,000 | 0.0% |
3 Bed | $532,000 | 0.2% |
4 Bed | $660,000 | 0.8% |
| 5 Bed | $714,000 | 0.6% |
% of Housing Stock
Rental Trends — Corvallis, OR
As of July '25, Rentcast reports the average rent in Corvallis, OR is $1,790, with a year-over-year rent change of -7.7%. Per bedroom, the median rent as of July '25 in Corvallis, OR is studios: $1,060, 1-bedrooms: $1,270, 2-bedrooms: $1,560, 3-bedrooms: $2,510, 4-bedrooms: $3,230. The most common rental property sizes in Corvallis, OR are 2-bedroom and 1-bedroom, accounting for 38.2% and 22.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,500 | $1,790 |
| Studio Rent | $1,150 | $1,060 |
| 1 Bed Rent | $1,300 | $1,270 |
| 2 Bed Rent | $1,500 | $1,560 |
| 3 Bed Rent | $2,400 | $2,510 |
| 4 Bed Rent | $3,200 | $3,230 |
% of Rental Stock
Property Listings — Corvallis, OR
As of Oct '25, Realtor.com reports that the median days on market for a home in Corvallis, OR is 60. This is a decrease of -19.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 25.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $698,000 | -9.0% |
Listing Count | 103 | 7.0% |
| Listings as % of Homes | 0.3% | 7.0% |
Days on Market | 60 | -19.0% |
Demographics — Corvallis, OR
As of the latest ACS Survey released in 2023, Corvallis, OR has a population of 44,500, which has increased by 4.3% over the past 5 years. Corvallis, OR is a moderately popular place for families, as children make up 15.6% of the population. The area has a highly educated workforce, with 59.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 16.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 44,500 | 4.3% |
% Under 18 | 15.6% | 3.3% |
% Seniors | 17.3% | 11.6% |
% WFH | 16.2% | 157.1% |
% w/ College Degree | 59.9% | -0.2% |
As of the latest ACS Survey released in 2023, Corvallis, OR is a predominantly white area, with 75.0% of the population identifying as white. The white population has shrunk by 5.2% in the last 5 years. The second most common race or ethnicity in Corvallis, OR is hispanic, making up 9.4% of the population. Foreign-born residents account for 13.1% of the population in Corvallis, OR, and this percentage has decreased by 0.8% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 75.0% | -5.2% |
% Black | 2.0% | 66.7% |
% Hispanic | 9.4% | 34.3% |
% Asian | 8.7% | -2.2% |
% Foreign Born | 13.1% | -0.8% |
Mortgage and Risk — Corvallis, OR
According to HUD data as of 2023, there were 453 mortgage originations in Corvallis, OR, of which 93.0% of loans were conventional mortgages. The average loan-to-value was 51.0%, with 11.0% above 90% LTV (elevated). This implies medium mortgage risk in Corvallis, OR. Investor activity is low, as 4.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 453 |
% Conventional Loans | 93.0% |
% Government Loans | 7.0% |
% Investor Loans | 4.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Corvallis, OR
As of 2024, the percent of homes in Corvallis, OR under the Section 8 program is 7.7%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Corvallis, OR, because HUD payments exceed market rent, while 1-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 713 |
Total Units Section 8 | 713 |
% Rentals under Section 8 | 7.7% |
% Occupied Section 8 | 89.2% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$50 | $1,300 | $1,250 |
| 2 Bedroom | $100 | $1,500 | $1,600 |
| 3 Bedroom | -$160 | $2,400 | $2,240 |
| 4 Bedroom | -$780 | $3,200 | $2,420 |
Affordability — Corvallis, OR
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7.8 |
| Median Home Price | $568,000 |
| Median Household Income | $69,100 |