Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$553,196+0.3% YoY · prices are flat
Market right nowBuyer's marketMore homes for sale than last year, 26% have cut their price
Income needed to buy, per year$119,921About 1.5× the local median income ($79,863): hard to afford
Days on market65 daysSlower than a year ago: buyers have time to negotiate
Next 12 months+0.8%Zillow expects prices to rise slightly
The typical home in Corvallis, OR is worth $553,196, about the same as a year ago. That is slightly above what local incomes have historically supported: fair value is about $517,940, so the area is 6.8% overvalued. It is a buyer's market: homes take about 65 days to sell, listings are up 48% from a year ago, 26% of listings have had a price cut. Zillow expects prices to rise about 0.8% over the next year. A household needs about $119,921 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $79,863. Typical rent is $1,811 a month, or $2,475 for a house. In the latest IRS figures, 706 more people moved out than in.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$553,196
Change in 1 year
+0.3%
Overvalued %
+6.8%
Show 7 more
Fair home value
$517,940
Change in 5 years
+17.5%
Zillow forecast, next 12 months
+0.8%
Home value to income
6.9×
Monthly mortgage payment (20% down)
$2,998
Income needed to afford it
$119,921
Property tax rate
0.95%
Rent and investing
Typical rent
$1,811
Typical rent for houses
$2,475
Price-to-rent ratio
25.5×
Show 3 more
HUD Fair Market Rent, 2 bedrooms
$1,857
Gross rental yield
3.93%
Cap rate (estimate)
2.55%
Market activity
Listings vs a year ago
+47.7%
Days on market
65
Listings with a price cut
25.6%
Show 3 more
Homes for sale
291
Pending sales per 100 listings
22
Asking price per sq ft
$306
People and jobs
Median household income
$79,863
Population change (1 year)
+0.1%
Unemployment rate
7.0%
Show 4 more
Population
97,728
Income adjusted for cost of living
$76,791
Net moves in (IRS)
−706
Cost of living (US = 100)
104.0
Schools, risk and environment
School rating (1 to 10)
7.0
FEMA hazard risk score (0 to 100)
84.4
Unhealthy air days a year
0
Show 4 more
Flood risk score
74.8
Wildfire risk score
37.1
Walkability (1 to 20)
11.7
Road, rail and air noise
53 dB
Questions people ask
Is Corvallis, OR overvalued?
Home prices in Corvallis, OR are slightly above what local incomes have historically supported: fair value is about $517,940, so the area is 6.8% overvalued.
Is Corvallis, OR a buyer's or seller's market?
Corvallis, OR is a buyer's market: homes take about 65 days to sell, listings are up 48% from a year ago, 26% of listings have had a price cut.
Are home prices going down in Corvallis, OR?
Home values in Corvallis, OR are up 0.3% over the last year. Zillow's forecast for the next 12 months is +0.8%.
How much do you need to earn to buy a home in Corvallis, OR?
A household needs about $119,921 a year to afford the typical home in Corvallis, OR at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $79,863.