The story of this market
The typical home in ZIP 97330 sells for about $553,500, or $315 per square foot.
Prices are up +5.3% from a year ago, so sellers still have some momentum. Homes take about 32 days to sell. HUD's fair market rent for a two-bedroom is $1,850 a month.
ZIP 97330 — Corvallis
The Corvallis housing market shows resilience with a 5% year-over-year price increase, supported by low inventory and steady demand from university-affiliated buyers. While sales volume has increased, the market remains balanced with a 3.2-month supply, reflecting a stable environment for both buyers and sellers.
This ZIP is ideal for university faculty, students, and families seeking a walkable, academic-focused community. It attracts those who value proximity to outdoor recreation and a stable, research-driven local economy.
Median prices moved up 5.3% year over year.
Homes spend a median of 32 days on market with 3.2 months of supply — a fast-moving market.
18% of listings have cut prices · homes sell at 99% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.8% · poverty 14.5% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.5%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.3%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 97330, Benton County OR
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Corvallis generally experiences lower violent crime rates compared to the national average, with property crime being the primary concern. Trends remain relatively stable, consistent with other mid-sized university towns in the Pacific Northwest.
The area is served by the Corvallis School District, which is highly regarded for its academic performance and strong integration with Oregon State University resources.
The region faces moderate wildfire risk during summer months and localized flood risks near the Willamette River. Insurance markets are stable but sensitive to regional wildfire mitigation efforts.
Economic momentum is anchored by Oregon State University and a growing cluster of technology and research firms. Infrastructure development focuses on sustainable transit and campus-adjacent housing expansion.
Property taxes are assessed by Benton County based on real market value, with rates influenced by local school district levies and municipal bonds. Oregon does not have a general sales tax, which shifts the tax burden toward property and income.
The ZIP features high walkability and bikeability due to its proximity to the Oregon State University campus. Most residents have short commutes, with easy access to major arterials like Highway 34 and Highway 20.
Residents enjoy extensive access to the Willamette River, numerous city parks like Avery Park, and the nearby McDonald-Dunn Forest for hiking and mountain biking. Shopping and dining are concentrated in the historic downtown and near the university.
The rental market is highly competitive due to the university student population, resulting in low vacancy rates and consistent upward pressure on rents. Short-term rentals are strictly regulated by city ordinances.
The economy is heavily driven by Oregon State University, which serves as the largest employer. The region also supports a robust sector of technology, forestry, and agricultural research firms.
Corvallis Transit System provides comprehensive bus service throughout the city, with strong connectivity to the university. The area is well-served by regional highway corridors connecting to the Willamette Valley.
City planning emphasizes high-density residential development near the university and transit corridors to manage growth while preserving historic neighborhoods.
The Benton County Assessor maintains property values through annual market analysis and periodic physical inspections to ensure equitable taxation.
Parcels are subject to Corvallis School District levies and various local utility districts for water and sewer services.
Property insurance premiums are influenced by regional wildfire risk assessments and the proximity to fire protection services.
Oregon continues to see net positive domestic migration, driven by professionals relocating for lifestyle and employment opportunities in the Willamette Valley.
Oregon is primarily a non-judicial foreclosure state, allowing for a streamlined process under the Oregon Trust Deed Act.
Sellers are required to provide a comprehensive property disclosure statement covering material defects, though the state is generally 'buyer beware' regarding non-disclosed items.
Data retrieved from data.census.gov ZCTA 97330 profile.
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.
Major anchor institution providing cultural and economic activity.
Large municipal park with trails, picnic areas, and sports facilities.
Historic district with local boutiques, restaurants, and riverfront access.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.