Home Values in Corvallis, Oregon — 2026 Market Report
Updated March 2026 | Buyer's Market | +4.3% YoY
The median home value in Corvallis, Oregon is $445,000 as of March 2026, which is above the national median of $400,000. Home values in Corvallis have increased by 4.3% over the past year and 23.4% over the last five years. With a population of 59,922 and a median household income of $48,250, the price-to-income ratio stands at 9.2x, making Corvallis affordable for the average household.
Corvallis Housing Market Conditions
| Metric | Corvallis | National Avg |
|---|---|---|
| Median Home Value | $445,000 | $400,000 |
| YoY Appreciation | +4.3% | +3.8% |
| 5-Year Appreciation | +23.4% | +22.4% |
| Price per Sq Ft | $203 | $222 |
| Days on Market | 45 days | 45 days |
| Months of Supply | 5 | 3.5 |
| List-to-Sale Ratio | 99.7% | 98.5% |
| Monthly Homes Sold | 56 | — |
| Foreclosure Rate | 0.71% | 0.3% |
Home Value Trends in Corvallis
A homeowner who purchased at the median price of $360,616 five years ago in Corvallis would have gained approximately $84,384 in equity, representing a 23.4% return on investment. Over the past year alone, the typical homeowner gained $18,346 in home equity.
Affordability in Corvallis, OR
With a median household income of $48,250 and a median home price of $445,000, the price-to-income ratio in Corvallis is 9.2x. A ratio below 3x is generally considered affordable, while above 5x indicates significant affordability challenges. The average monthly rent of $3,251 compared to estimated monthly ownership costs of $2,473 gives a rent-vs-buy ratio of 0.76. In Corvallis, buying is currently competitive with renting when factoring in equity accumulation.
Property Taxes in Corvallis
The effective property tax rate in Oregon is 0.97%. On a home valued at $445,000, the estimated annual property tax bill is $4,317, or approximately $360/month. Property taxes are an important factor in the total cost of homeownership and can significantly impact affordability. The cost of living index in Corvallis is 108.5 (100 = national average), indicating living costs are near the national average.
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Open Mortgage CalculatorFrequently Asked Questions
What is the median home value in Corvallis, OR?
The median home value in Corvallis, Oregon is $445,000 as of March 2026. Home values have changed +4.3% over the past year, with a 5-year appreciation of 23.4%.
Is Corvallis a buyer's or seller's market?
Corvallis is currently a buyer's market with 5 months of housing supply. Homes spend an average of 45 days on market, and the list-to-sale price ratio is 99.7%. Supply and demand are relatively balanced.
Are home values going up in Corvallis?
Yes, home values in Corvallis have increased by 4.3% over the past year. The 5-year appreciation rate is 23.4%, meaning a home worth $360,616 five years ago is now worth $445,000.
Is it better to rent or buy in Corvallis?
The average monthly rent in Corvallis is $3,251, while estimated monthly homeownership costs are approximately $2,473. The price-to-rent ratio is 11.4. Based on current conditions, buying may be more cost-effective than renting in this market.
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Disclaimer: Home value data for Corvallis, Oregon is based on publicly available market data and estimates. Actual home values may vary based on property condition, location within the city, and current market conditions. Data is updated regularly but may not reflect the most recent transactions. Last updated: March 2026.