Corvallis, OR—97331
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Corvallis, OR
Corvallis, OR lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | N/A | N/A |
| Single Family | N/A | N/A |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
No data available
Rental Trends — Corvallis, OR
Corvallis, OR lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
No data available
Property Listings — Corvallis, OR
Corvallis, OR lacks sufficient listing trend data for analysis.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | N/A | N/A |
Listing Count | N/A | N/A |
| Listings as % of Homes | N/A | N/A |
Days on Market | N/A | N/A |
Demographics — Corvallis, OR
As of the latest ACS Survey released in 2023, Corvallis, OR has a population of 3,680, which has increased by 32.8% over the past 5 years. Corvallis, OR is a less popular place for families, as children make up 0.5% of the population. The area has a moderately educated workforce, with 43.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,680 | 32.8% |
% Under 18 | 0.5% | -44.4% |
% Seniors | 0.0% | N/A |
% WFH | 8.1% | -66.2% |
% w/ College Degree | 43.3% | -33.1% |
As of the latest ACS Survey released in 2023, Corvallis, OR is a predominantly white area, with 64.4% of the population identifying as white. The white population has shrunk by 0.8% in the last 5 years. The second most common race or ethnicity in Corvallis, OR is hispanic, making up 12.0% of the population. Foreign-born residents account for 4.8% of the population in Corvallis, OR, and this percentage has decreased by 28.4% 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 | 64.4% | -0.8% |
% Black | 1.8% | 200.0% |
% Hispanic | 12.0% | -13.7% |
% Asian | 11.9% | 4.4% |
% Foreign Born | 4.8% | -28.4% |
Mortgage and Risk — Corvallis, OR
According to HUD data as of 2023, there were 17 mortgage originations in Corvallis, OR, of which 94.0% of loans were conventional mortgages. The average loan-to-value was 46.0%, with 6.0% above 90% LTV (normal). This implies small mortgage risk in Corvallis, OR. Investor activity is high, as 35.0% of loans were by investors. 35.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 17 |
% Conventional Loans | 94.0% |
% Government Loans | 6.0% |
% Investor Loans | 35.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 35.0% |
Loan Activity
Rentals and Section 8 — Corvallis, OR
Corvallis, OR lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,300 |
| 2 Bedroom | N/A | N/A | $1,660 |
| 3 Bedroom | N/A | N/A | $2,330 |
| 4 Bedroom | N/A | N/A | $2,520 |
Affordability — Corvallis, OR
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | N/A |
| Median Home Price | N/A |
| Median Household Income | N/A |