Corvallis, OR housing market
The typical Corvallis home is worth about $560,000, about the same as a year ago, 13% above the Oregon typical home. Homes typically sell in 41 days, a little above asking.
Home values, sales, trends and how Corvallis compares with the towns next door — updated as new data is published.
Corvallis at a glance
A seller's market
Supply is tight — about 3 months of homes for sale at the current pace. Buyers should expect competition on well-priced homes.
Typical home value, 2016–2026
Show as a table
| January | Corvallis | Oregon |
|---|---|---|
| 2017 | $334,000 | $313,000 |
| 2018 | $356,000 | $337,000 |
| 2019 | $382,000 | $354,000 |
| 2020 | $400,000 | $369,000 |
| 2021 | $431,000 | $411,000 |
| 2022 | $493,000 | $480,000 |
| 2023 | $527,000 | $490,000 |
| 2024 | $550,000 | $495,000 |
| 2025 | $562,000 | $504,000 |
| 2026 | $562,000 | $500,000 |
| August 2026 | $560,000 | $496,000 |
401 new homes permitted in 2025
Builders were permitted 401 new homes in Corvallis in 2025: 26 single-family houses and 375 in buildings with two or more homes, worth about $79.1 million to build. That's 6.7 per 1,000 residents, faster than across Oregon (3.8). Over the past 10 years, Corvallis has permitted 2,121 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Corvallis gained 5,460 residents while 2,177 new homes were permitted: about 2.5 new residents per new home. Building and growth moved roughly in step. Across Oregon: 2.6 new residents per new home.
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 344 | 131 | 213 | $68.9 million |
| 2025 | 401 | 26 | 375 | $79.1 million |
| 2024 | 83 | 58 | 25 | $21.5 million |
| 2023 | 343 | 69 | 274 | $66.6 million |
| 2022 | 227 | 117 | 110 | $46.9 million |
| 2021 | 155 | 144 | 11 | $40.4 million |
| 2020 | 71 | 53 | 18 | $15.6 million |
| 2019 | 416 | 92 | 324 | $76.9 million |
| 2018 | 217 | 45 | 172 | $39.2 million |
| 2017 | 70 | 59 | 11 | $18.1 million |
| 2016 | 138 | 96 | 42 | $29.2 million |
| 2015 | 88 | 84 | 4 | $22.2 million |
| 2014 | 406 | 74 | 332 | $71.7 million |
| 2013 | 175 | 85 | 90 | $30.6 million |
| 2012 | 284 | 58 | 226 | $50.6 million |
| 2011 | 328 | 30 | 298 | $39 million |
| 2010 | 55 | 37 | 18 | $11.1 million |
| 2009 | 39 | 39 | 0 | $8.1 million |
| 2008 | 60 | 60 | 0 | $14.2 million |
| 2007 | 115 | 99 | 16 | $25.3 million |
| 2006 | 244 | 194 | 50 | $51.5 million |
| 2005 | 388 | 220 | 168 | $66.3 million |
| 2004 | 266 | 195 | 71 | $49.3 million |
| 2003 | 348 | 195 | 153 | $48.7 million |
| 2002 | 254 | 250 | 4 | $45.3 million |
| 2001 | 673 | 198 | 475 | $66.5 million |
| 2000 | 176 | 138 | 38 | $30.5 million |
How Corvallis ranks on new homes being built →
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
8.6 years of income
The typical Corvallis home costs about 8.6 years of the town's median household income, more than across Oregon (6 years).
How Corvallis ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,670
HUD's Fair Market Rent for a two-bedroom in Corvallis is $1,670 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Corvallis pay a median of $1,391, so moving in tends to cost more than staying put. A two-bedroom takes about 31% of the town's median household income, above the 30% guideline for affordable housing.
Studio $1,230 · 4 bedrooms $2,620
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (97330, 97331, 97333; Corvallis, OR MSA), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.