Market Overview
Home Prices in Corvallis, MT
The median home value in Corvallis, MT is $678,744 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 0.5% compared to a year ago and up 1.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Corvallis are priced66% above average.
Over the past five years, Corvallis home values have risen by approximately24.8%, reflecting strong long-term appreciation in this market.
Price History
Corvallis Home Price Trend
2020
$395,122
$395K
—
2021
$543,952
$544K
+37.7%
2022
$716,052
$716K
+31.6%
2023
$642,043
$642K
-10.3%
2024
$665,326
$665K
+3.6%
2025
$675,480
$675K
+1.5%
2026
$678,744
$679K
+0.5%
City Comparison
Corvallis vs. National Median
🏠 Corvallis
$678,744
National Median
$410,000
At $678,744, homes in Corvallis cost 66% above the national median of $410,000. Buyers in Corvallis should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Corvallis?
20% Down Payment
$135,749
on $678,744
Monthly P&I
$3,540/mo
30-yr @ 6.8%
Total Monthly Est.
~$4,496/mo
incl. taxes & insurance
Income Needed
$179,840
gross annual (30% rule)
10% Down Option
$67,874
+ PMI applies
Loan Amount (20% dn)
$542,995
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Corvallis, MT?
The median home value in Corvallis is $678,744 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 0.5% year-over-year.
How much have home prices changed in Corvallis?
Over the past year, home values in Corvallis have increased by 0.5%. Over five years, prices have risen approximately 24.8%.
How much do I need to earn to buy a home in Corvallis?
To comfortably afford the median home price of $678,744 with a 20% down payment ($135,749) at today's rates (6.8%), you'd need a gross annual income of approximately $179,840. This assumes keeping total housing costs at or below 30% of gross income.
How does Corvallis compare to the national average home price?
The national median home value is approximately $410,000. At $678,744, homes in Corvallis are 66% above the national average.