Corvallis appreciation rates and housing market information

Corvallis housing market information

With 49,184 people, 20,899 houses or apartments, and a median cost of homes of $295,042, Corvallis real estate prices are well above average cost compared to national prices.

single-family detached homes are the single most common housing type in Corvallis, accounting for 48.09% of the city's housing units. Other types of housing that are prevalent in Corvallis include large apartment complexes or high rise apartments (31.18%), duplexes, homes converted to apartments, or other small apartment buildings (11.41%), row houses and other attached homes (5.51%), and a few mobile homes or trailers (3.54%).

People in Corvallis primarily live in small (one, two, or no bedroom) single-family detached homes. Corvallis has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Corvallis built from 1970-1994, so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Corvallis built from 1940-1969 (33.01%). A lesser amount of the housing stock also hails from 1995 and later (11.59%), and some were built from 1939 and earlier (11.59%).

Corvallis home appreciation rates

Appreciation rates for homes in Corvallis have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 87.39%, which ranks in the top 30% nationwide. This equates to an annual average Corvallis house appreciation rate of 8.73%.

NeighborhoodScout's data show that during the latest twelve months, Corvallis home appreciation rates, at -0.35%, have been at or slightly above the national average. In the latest quarter, Corvallis's appreciation rate has been -1.13%, which annualizes to a rate of -4.52%.

Notably, Corvallis's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Oregon, our data show that Corvallis's latest annual appreciation rate is higher than 75% of the other cities and towns in Oregon.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Corvallis differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Corvallis - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 1990, to assist you in making the best Corvallis real estate investment or home purchase decisions.