The story of this market
The typical home in Corvallis, Oregon sells for about $684,500, or $325 per square foot.
Prices are up +10.63% from a year ago, so sellers still have some momentum. Homes take about 50 days to sell. HUD's fair market rent for a two-bedroom is $1,550 a month.
Monthly price momentum
Home values since 2015
+0.3%
OR · past 12 months
Freddie Mac House Price Index, single-family homes, monthly through 2026-08. Each line starts at 100 in January 2015, so a reading of 180 means prices are up 80% since then.
Corvallis, Oregon
The Corvallis housing market remains robust, driven by the stable economic influence of Oregon State University and a consistent demand for housing. While prices have seen significant year-over-year growth, the market maintains a healthy balance of inventory and sales activity. The city's focus on sustainable development and its high quality of life continue to attract long-term residents and investors.
No ARED county foreclosure postings attributed to Corvallis yet — the verified ledger covers every county the foreclosure ingest has read, attributed by published city area. Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.
Deterministic aggregate of 3 researched ZIP reports — sales_count-weighted (population fallback); per point, children lacking the value or its weight are excluded. Tax rates, sentiment and context notes are tier-native and never roll.
Median prices moved up 0.5% year over year.
Homes spend a median of 41 days on market with 3.0 months of supply — a fast-moving market.
26% of listings have cut prices · homes sell at 98.68% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.2% · poverty 24.3% — a mixed stability profile.
The amenity base that shapes daily life and property demand in this city — what residents actually live with, and what the pipeline is adding.
A major public research university that serves as the primary economic and cultural anchor for the city.
A large, historic park featuring extensive trails, picnic areas, and natural scenery that serves as a central community hub.
The home of the Oregon State Beavers football team, driving significant seasonal activity and local economic engagement.
A vibrant, walkable district featuring local boutiques, restaurants, and historic architecture along the Willamette River.
Corvallis is an ideal fit for families seeking high-quality education, university employees, and professionals who value a blend of academic culture and outdoor recreation. The market is less suited for those seeking rapid urban density, but it offers strong stability for long-term homeowners and investors.
The Corvallis School District is highly regarded, consistently ranking among the top-performing districts in Oregon. Schools benefit from strong community support and close ties to Oregon State University, which enhances academic resources and extracurricular opportunities.
Corvallis is served by a network of local bus routes and is connected to the broader region via I-5 and Oregon Route 99W. Commuting is generally manageable, with many residents utilizing cycling and walking due to the city's compact, bike-friendly design.
Corvallis offers an extensive network of parks, trails, and natural areas, including the popular Avery Park and Willamette Park. The city's proximity to the Coast Range and the Willamette River provides residents with abundant opportunities for hiking, cycling, and water-based recreation.
The rental market is characterized by high demand driven by the university student population and faculty, leading to consistently low vacancy rates. Rent growth has remained steady, and the market sees significant interest from investors looking for long-term stability in a supply-constrained environment.
The economy is dominated by Oregon State University, which is the largest employer and a primary driver of research, technology, and service-sector jobs. The city maintains a stable economic base with a focus on education, healthcare, and professional services.
Economic momentum is heavily anchored by Oregon State University and the associated research and technology sectors. Infrastructure development is focused on supporting a growing population while maintaining the city's historic character, with ongoing investments in transit and sustainable housing.
Development planning is focused on increasing housing density and supporting the university's growth, with several mixed-use projects in the pipeline. The city emphasizes sustainable growth and the preservation of its natural and historic assets.
Parcels in Corvallis are subject to various special districts, including the Corvallis School District, local fire and emergency service districts, and utility districts that manage water and sewer infrastructure.
Corvallis generally experiences lower violent crime rates compared to national averages, though property crime remains a focus for local law enforcement. The city maintains a relatively safe environment typical of a mid-sized university town, with trends remaining stable over recent years.
The city faces moderate risks related to wildfire smoke during summer months and potential flooding in low-lying areas near the Willamette River. Residents are encouraged to maintain defensible space and review flood insurance requirements, as the regional climate posture is increasingly focused on climate resilience.
Property insurance markets in the region are increasingly sensitive to wildfire risk, leading to rising premiums in certain areas. Homeowners are advised to maintain adequate coverage and implement fire-mitigation strategies.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Oregon) — Active-Duty Military Property Tax Exemption: Allows for the exemption of a portion of the assessed value of a primary residence from local property taxes for a period of three to five years in standard zones, or up to 15 years in rural zones. State (Oregon) — Disabled Veteran or Surviving Spouse Property Tax Exemption: Provides a reduction in the assessed value of the primary residence, effectively lowering the property tax burden based on the exemption amount set by statute. State (Oregon) — Ad Valorem Property Tax: Tax is calculated on the lesser of Real Market Value (RMV) or Maximum Assessed Value (MAV). MAV is limited to a 3% annual growth rate unless physical changes occur to the property. The tax is the product of the taxable assessed value and the local taxing district's millage rate.
Researched annual trajectory for this city, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 11.1%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Data retrieved from US Census Bureau QuickFacts and Data.census.gov.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.