Market Overview
Home Prices in Corvallis, OR
The median home value in Corvallis, OR is $566,552 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 0.4% compared to a year ago and up 0.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Corvallis are priced38% above average. Corvallis is part of the Corvallis, OR metro area.
Over the past five years, Corvallis home values have risen by approximately21.1%, reflecting strong long-term appreciation in this market.
Price History
Corvallis Home Price Trend
City Comparison
Corvallis vs. National Median
At $566,552, homes in Corvallis cost 38% 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
$113,310
on $566,552
Monthly P&I
$2,955/mo
30-yr @ 6.8%
Total Monthly Est.
~$3,753/mo
incl. taxes & insurance
Income Needed
$150,120
gross annual (30% rule)
10% Down Option
$56,655
+ PMI applies
Loan Amount (20% dn)
$453,242
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, OR?
The median home value in Corvallis is $566,552 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 0.4% year-over-year.
How much have home prices changed in Corvallis?
Over the past year, home values in Corvallis have decreased by 0.4%. Over five years, prices have risen approximately 21.1%.
How much do I need to earn to buy a home in Corvallis?
To comfortably afford the median home price of $566,552 with a 20% down payment ($113,310) at today's rates (6.8%), you'd need a gross annual income of approximately $150,120. 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 $566,552, homes in Corvallis are 38% above the national average.
What metro area is Corvallis part of?
Corvallis is part of the Corvallis, OR metropolitan area. Home prices and market conditions can vary across the broader metro region.