Why Live in Corvallis
Oregon State University shapes the cultural landscape of Corvallis, creating a dynamic college town atmosphere with over 60 miles of hiking and biking trails, 47 public parks, and a thriving downtown arts scene. The Willamette River flows through the city, providing kayaking and paddleboarding opportunities, while the McDonald-Dunn Research Forest and Bald Hill Natural Area showcase the region's natural beauty. Local favorites include Block 15 Brewing's craft beers in their historic 1926 building, Del Alma's Latin American cuisine overlooking the riverfront, and the Darkside Cinema's independent film selections.
The Corvallis housing market currently lists approximately 100 homes with prices ranging from $336,000 to $1,598,000. The median sale price sits at $563,600, with single family homes commanding a median price of $576,300. One bedroom condos have a median price of $510,000, while two bedroom condos show a median price of $415,000.
Property taxes in Benton County stand at 0.98%, slightly higher than neighboring cities like Albany at 0.91% and Salem at 0.88%. Oregon residents benefit from no state sales tax. The city's public transportation system includes fare free bus service throughout Corvallis, complemented by extensive bike lanes. Commuters can reach Portland in 1.5 hours, Eugene in 1 hour, and the Oregon Coast in 1 hour.
The education system includes highly rated public schools like Bessie Coleman Elementary and Linus Pauling Middle School, plus the prestigious private Ashbrook Independent School. Major employers beyond Oregon State University include Hewlett Packard, Good Samaritan Regional Medical Center, and various technology startups, contributing to the city's reputation as one of America's most educated communities.
Frequently Asked Questions
What is the average home price in Corvallis, OR?
Homes for sale in Corvallis, OR have an average home price of $647,959.
How many homes have sold over the last 12 months in Corvallis, OR?
176 homes have sold in Corvallis, OR over the last 12 months.
Is Corvallis, OR a safe city?
What are the most popular zip codes in Corvallis, OR?
What are the most popular neighborhoods in Corvallis, OR?
How much do you need to make to afford a house in Corvallis?
The median home price in Corvallis is $590,000. If you put a 20% down payment of $118,000 and had a 30-year fixed mortgage with an interest rate of 6.74%, your estimated principal and interest payment would be $3,060 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $131K a year to afford the median home price in Corvallis.
How are the schools in Corvallis, OR?
Home Trends in Corvallis, OR
On average, homes in Corvallis, OR sell after 75 days on the market compared to the national average of 70 days. The median sale price for homes in Corvallis, OR over the last 12 months is $590,000, up 3% from the median home sale price over the previous 12 months.
Median Sale Price
$590,000
Median Single Family Sale Price
$590,000
Median 2 Bedroom Sale Price
$395,000
Median 1 Bedroom Sale Price
$700,000
Average Price Per Sq Ft
$315
Number of Homes for Sale
19
Last 12 months Home Sales
176
Median List Price
$590,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
3%
