Home Values

Corvallis 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

$283,600

  • 4.1% 1-year change
  • 2.9% 1-year forecast

The median home value in Corvallis is $283,600. Corvallis home values have gone up 4.1% over the past year and Zillow predicts they will rise 2.9% within the next year. The median list price per square foot in Corvallis is $170, which is higher than the Corvallis Metro average of $159. The median price of homes currently listed in Corvallis is $314,900 while the median price of homes that sold is $243,750. The median rent price in Corvallis is $925, which is the same as the Corvallis Metro median of $925.

Foreclosures will be a factor impacting home values in the next several years. In Corvallis 1.2 homes are foreclosed (per 10,000). This is lower than the Corvallis Metro value of 2.1 and also lower than the national value of 4.0

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 is 0.8%, 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 homeowners underwater on their mortgage is 6.7%, which is lower than Corvallis Metro at 7.6%.

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Relative ZHVI
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Corvallis Market Overview

Data through Dec 31, 2014
  • $283,600 ZHVI
  • 2.9% 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
    (Dec 31, 2015)
  • $314,900 Median listing price
  • $243,750 Median sale price
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Corvallis Market Health

Data through Dec 31, 2014
  • 9.8/10 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
  • 6.7% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 0.8% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)

Homes foreclosed (per 10,000)

1.2 homes Corvallis
2.1 homes Corvallis Metro
4 homes United States
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Nearby Cities

Name Median ZHVI
Philomath $255,000
Monroe $228,000
Junction City $220,500
Name Median ZHVI
Monmouth $194,600
Jefferson $189,600
Albany $181,100
Name Median ZHVI
Harrisburg $178,000
Independence $160,800
Brownsville $157,000

Listings & Sales

Data through Dec 31, 2014
  • $170 Median list price / sq ft
  • $166 Median sale price / sq ft
  • 9.8% Listings with price cut
7.7%
Sold below listing
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Corvallis Rentals

Data through Dec 31, 2014
  • Zillow Rent Index

  • $1,458 Corvallis
    $1,450 Corvallis Metro
    $1,345 United States

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

  • 3.3 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $925 Rent list price
  • $1.10 Rent list price / sq ft
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