Corvallis, OR housing market
Typical home value
$556K
▲ 0.4% 1 yr
Typical rent
$1,775/mo
▲ 1.3% 1 yr
Gross rent yield
3.8%
U.S. 6.3%
5-year home value change
+19%
U.S. +20%
Key takeaways
- 1The typical home in Corvallis is worth $556,438, up 0.4% over the past year and up 19% over five years.
- 2Typical rent is $1,775 a month (+1.3% YoY), a gross rent yield of 3.8% (below the Corvallis, OR metro's 3.9%).
- 3With 20% down at 7.32%, principal and interest on the typical home is about $3,058/mo, $1,283 more than typical rent.
- 4Zillow forecasts the Corvallis, OR metro's home values to change +0.8% over the next 12 months.
Market temperature (Corvallis, OR metro)
Strong buyer's market
Buyer'sNeutralSeller's
Zillow Market Heat Index: 26/100, #489 hottest of 546 metros. Below 44 favors buyers; above 55 favors sellers.
Home values and rent
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Corvallis compares
| Measure | Corvallis | Corvallis, OR metro | United States |
|---|---|---|---|
| Typical home value | $556,438 | $553,196 | $366,157 |
| Home value, 1-yr change | +0.4% | +0.3% | +1.2% |
| Typical rent | $1,775 | $1,811 | $1,932 |
| Rent, 1-yr change | +1.3% | +1.2% | +2.7% |
| Gross rent yield | 3.8% | 3.9% | 6.3% |
| Price-to-rent ratio | 26.1 | 25.5 | 15.8 |
| Mortgage P&I, typical home | $3,058 | $3,040 | $2,012 |
Run the numbers
Rental property calculator
Cash flow on a typical Corvallis rental, pre-filled.
Rent vs buy in Corvallis
Which costs less over the years you'll stay.
Mortgage calculator
Monthly payment on a $556K home.
City figures are Zillow's typical home value (ZHVI) and observed rent (ZORI). Gross yield is before expenses. Data refreshed Oct 26, 2026.