Home Values

Corvallis Metro Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$271,600

  • 4.5% 1-year change
  • 2.6% 1-year forecast

Market Temperature

Based on three metrics—sale-to-list price ratio, the prevalence of price cuts on home listings, and time-on-market—the market temperature provides information on the current balance of bargaining power between buyers and sellers in this metro relative to other metros across the US. A particular metro may be identified as a good market for buyers in a national market favorable to sellers overall. Learn more

Hot

Buyers' Market
Sellers' Market

The median home value in Corvallis Metro is $271,600. Corvallis Metro home values have gone up 4.5% over the past year and Zillow predicts they will rise 2.6% within the next year. The median list price per square foot in Corvallis Metro is $157, which is lower than the Oregon average of $159. The median price of homes currently listed in Corvallis Metro is $280,000 while the median price of homes that sold is $272,375. The median rent price in Corvallis Metro is $995, which is lower than the Oregon median of $1,195.

Foreclosures will be a factor impacting home values in the next several years. In Corvallis Metro 0.7 homes are foreclosed (per 10,000). This is lower than the Oregon value of 4.6 and also lower than the national value of 4.2

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Corvallis Metro is 2.4%, which is lower than the national value of 6.4%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Corvallis Metro homeowners underwater on their mortgage is 7.6%, which is lower than Oregon at 14.2%.

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Relative ZHVI
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Corvallis Metro Market Overview

Data through Nov 30, 2014
  • $271,600 ZHVI
  • 2.6% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Nov 30, 2015)
  • $280,000 Median listing price
  • $272,375 Median sale price
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Corvallis Metro Market Health

Data through Nov 30, 2014
  • 9.5/10 Very healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • No data Average days on Zillow
  • 7.6% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 2.4% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)

Homes foreclosed (per 10,000)

0.7 homes Corvallis Metro
4.6 homes Oregon
4.2 homes United States
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Cities in Corvallis Metro

Name Median ZHVI
Corvallis $280,700
Philomath $253,900
Monroe $225,800

Listings & Sales

Data through Nov 30, 2014
  • $157 Median list price / sq ft
  • $159 Median sale price / sq ft
  • No data Listings with price cut
11.1%
Sold below listing
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Corvallis Metro Rentals

Data through Nov 30, 2014
  • Zillow Rent Index

  • $1,456 Corvallis Metro
    $1,393 Oregon
    $1,342 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 3.2 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $995 Rent list price
  • $1.03 Rent list price / sq ft
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