Corvallis housing market
Typical home value
$553K
▲ 0.3% 1 yr
Typical rent
$1,811/mo
▲ 1.2% 1 yr
12-month forecast
+0.8%
#418 of 546 metros
Gross rent yield
3.9%
#516 of 546 · U.S. 6.3%
Days to pending
55 days
▲ +16 days 1 yr
Listings with a price cut
32%
▲ +3.3 pts 1 yr
Key takeaways
- 1The typical home is worth $553,196, up 0.3% in a year and up 17% over five years.
- 2Zillow forecasts home values rising 0.8% over the next 12 months (U.S.: +1.1%).
- 3Typical rent is $1,811/mo (+1.2% YoY), a 3.9% gross yield, below the U.S. 6.3%.
- 4At 7.32% with 20% down, the typical home costs $3,040/mo in principal and interest, $1,229 more than renting.
- 5Homes go under contract in 55 days (+16 days vs last year); 32% of listings have had a price cut.
Market temperature
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
How fast homes are selling
For saleNew listings
Affordability
To buy (20% down)To rent
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Corvallis compares
| Measure | Corvallis | United States | Rank of 546 |
|---|---|---|---|
| Home value, 1-yr change | +0.3% | +1.2% | #420 |
| Home value, 5-yr change | +17.5% | +19.7% | |
| 12-month forecast | +0.8% | +1.1% | #418 |
| Rent, 1-yr change | +1.2% | +2.7% | #464 |
| Gross rent yield | 3.9% | 6.3% | #516 |
| Price-to-rent ratio | 25.5 | 15.8 | |
| Mortgage P&I on typical home | $3,040 | $2,012 | |
| Income needed to buy | $142,912 | $100,902 | |
| Days to pending | 55 | 56 |
Cities in the Corvallis metro
1 cities with home value and rent data.
| Corvallis | $556K | ▲ 0.4% | $1,775 | ▲ 1.3% | 3.8% |
Run the numbers
Rental property calculator
Cash flow on a typical Corvallis rental ($553K, $1,811/mo), pre-filled.
Mortgage calculator
Monthly payment on a typical Corvallis home.
Rent vs buy
Is it cheaper to rent or buy in Corvallis?
Other Oregon metros
Portland, OR
$539K home$1,803 rent4.0% yield
▼ 0.2% 1 yr
Salem, OR
$447K home$1,646 rent4.4% yield
▲ 0.4% 1 yr
Eugene, OR
$453K home$1,771 rent4.7% yield
▲ 1.0% 1 yr
Medford, OR
$431K home$1,848 rent5.1% yield
▲ 1.1% 1 yr
Bend, OR
$659K home$2,218 rent4.0% yield
▼ 0.7% 1 yr
Albany, OR
$408K home$1,635 rent4.8% yield
▲ 0.3% 1 yr
Roseburg, OR
$339K home$1,326 rent4.7% yield
▲ 0.1% 1 yr
Hermiston, OR
$312K home$1,583 rent6.1% yield
▲ 2.7% 1 yr
Gross yield = 12 × typical rent ÷ typical home value, before expenses. Mortgage estimate: 20% down, 30-year fixed at the current Freddie Mac average, principal and interest only. Forecast: Zillow Home Value Forecast. Data refreshed Oct 26, 2026.