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City · 59,960 residents · Benton County, Oregon

Corvallis , Oregon

In Corvallis, a typical home is worth $502,900 and typical rent is $1,391 a month. Compared with all of Benton County, typical household income is 16% lower and the share of households that own their home is 15 points lower.

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  • Typical home value

    $502,900

    About the same as the county

    5% above Oregon

    • Corvallis
    • Benton
    • Oregon

  • Typical rent

    $1,391a month

    About the same as the county

    9% below Oregon

    • Corvallis
    • Benton
    • Oregon

  • Typical household income

    $65,012a year

    16% below the county

    22% below Oregon

    • Corvallis
    • Benton
    • Oregon

  • Households that own their home

    42%

    15 points below the county

    22 points below Oregon

    • Corvallis
    • Benton
    • Oregon

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$556,438
about the same as 12 months ago
Typical rent
$1,775 a month
1.2% more than 12 months ago

From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).

Corvallis is in Benton County. The FHA loan limit ($615,250 for a one-unit home), the fair market rents and the help on this page are those of all of Benton County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Corvallis apart

What this place has that others do not, from public data, most unusual first.

  1. Corvallis has the lowest homeownership rate of the 105 cities in Oregon with more than 5,000 people: 42%.

  2. Nearby, in Lebanon, the typical home value is $336,800: 33% less than in Corvallis ($502,900).

  3. Corvallis has the 5th largest share of rent-burdened renters of the 93 cities in Oregon with more than 5,000 people (64%).

  4. Nearby, in Monmouth, the typical rent is $1,114: 20% less than in Corvallis ($1,391).

  5. The typical household income in Corvallis is $65,012, 16% less than in Benton County as a whole ($77,702).

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Corvallis

What homes there are in Corvallis, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

No kind of home is the majority in Corvallis; the largest group, detached houses, adds up to 47%, less than in Benton County (59%).

Year built

In Corvallis, half of the homes were built before 1978; in Benton County, before 1979.

In Corvallis, 19% of homes have 1 bedroom or none (studios); 52% have 3 bedrooms or more, against 61% in Benton County.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes
Monthly rent with utilities

About 75% of rented homes in Corvallis cost less than HUD's 2-bedroom fair market rent for Benton County ($1,857).

With a mortgage

$2,168 a month

Benton County: $2,147 a month

Without a mortgage

$808 a month

Benton County: $765 a month

Owners with a mortgage

54%

Benton County: 57%

The typical cost for an owner with a mortgage in Corvallis is $2,168 a month, near the figure in Benton County ($2,147).

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

The typical home value in Corvallis rose 52% since 2015–2019, about the same as in Benton County (55%).

Much as in Benton County, the typical rent in Corvallis rose 28% since 2015–2019.

Here income did not keep up with housing: it rose 23%, while home values changed +52% and rent +28%.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureCorvallisBenton CountyOregonUnited States
Rental vacancy 4.2%4.3%4.2%5.5%
Homeowner vacancy Unreliable estimateUnreliable estimate0.7%0.9%
More than one person per room 2.1%1.6%3.2%3.4%
People per household 2.222.322.422.53
Drive alone 56%59%65%69%
Carpool 6%7%9%9%
Public transit 2%1%2%3%
Walk or bike 15%11%5%3%
Work from home 19%20%19%15%
Other means 2%1%1%2%
Typical commute 10 to 19 minutes10 to 19 minutes20 to 29 minutes20 to 29 minutes

Open rentals in Corvallis look like those in Benton County: the rental vacancy rate is 4.2%.

In Corvallis, 2.1% of households live with more than one person per room, about the same as in Benton County.

A household in Corvallis has 2.22 people on average, about the same as in Benton County (2.32).

Many here get to work on foot or by bike: 15%, more than in Benton County (11%).

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Corvallis?

A typical home costs more than the typical income allows

We start with a typical home in Corvallis, worth $502,900, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 78% of the typical household income in Corvallis, which is $65,012 a year. For that payment to be 28% of income, a household would need to earn about $180,913 a year.

The calculator's FHA and conventional loan limits are those of all of Benton County.

Your numbers

Local data
$

Starts at the typical home value in Corvallis. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $17,602 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$4,221

at 7.18% · 30 years

Loan amount
$493,791
Total interest
$710,449
Paid off in
November 2056

Includes $8,493 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $1,517 a month

  • Tight

    $1,517 to $1,950 a month

  • Hard

    more than $1,950 a month

    Your payment · 78%

Compared with the typical household income in Corvallis ($65,012 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$4,221
Principal & interest$3,345
Property tax$444
Home insurance$210
FHA mortgage insurance (MIP)$222

You need at least $17,602 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Corvallis and Benton County

Corvallis is in Benton County, Oregon. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Corvallis's own numbers

Typical home value
$502,900
Typical monthly rent
$1,391
Typical yearly household income
$65,012
Households that own their home
42%
Effective property tax rate
1.06%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Benton County

FHA limit, one-unit home
$615,250
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,857
Price change over 5 years (FHFA)
+42%
Homes in a high flood-risk zone
6.5%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Benton County.

Everything about Benton County

Buying

Buying a home in Corvallis

A typical home in Corvallis is worth $502,900: about the same as the county and 5% above Oregon. With the typical household income in Corvallis ($65,012 a year), a typical home costs 7.7 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Corvallis 7.7 years
  • Benton 6.6 years
  • Oregon 5.8 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Benton County

According to FHFA’s house price index, home prices in Benton County rose 91% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Benton County.

Period County Oregon U.S.
Last year (2025) +0.6% +0.9% +2.9%
5 years (2020–2025) +42% +35% +47%
10 years (2015–2025) +91% +86% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Corvallis next to Benton County, Oregon and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Corvallis $502,900
  • Benton $513,000
  • Oregon $477,600
  • United States $332,700
Typical monthly rent
  • Corvallis $1,391
  • Benton $1,410
  • Oregon $1,525
  • United States $1,413
Typical yearly household income
  • Corvallis $65,012
  • Benton $77,702
  • Oregon $83,011
  • United States $80,734
See the full table
Corvallis next to Benton County and Oregon
Measure Corvallis Benton County Oregon U.S.
Typical home value $502,900 $513,000 $477,600 $332,700
Typical monthly rent $1,391 $1,410 $1,525 $1,413
Typical yearly household income $65,012 $77,702 $83,011 $80,734
Households that own their home 42% 57% 63% 65%
Typical yearly property tax $5,329 $4,884 $3,876 $3,119
Effective property tax rate 1.06% 0.95% 0.81% 0.94%
Renters with high rent for their income 64% 63% 52% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Benton County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Corvallis

For a typical $502,900 home in Corvallis, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Corvallis's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $4,221a month

    Least cash to close
    Down payment
    $17,602
    Cash to close
    $32,689
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $222

  • Conventional, 5% down $4,129a month

    Down payment
    $25,145
    Cash to close
    $40,232
    Rate
    7.18%
    Mortgage insurance
    PMI · $239

  • Conventional, 20% down, no PMI $3,379a month

    Down payment
    $100,580
    Cash to close
    $115,667
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $3,844a month

    Down payment
    $75,435
    Cash to close
    $90,522
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Corvallis and for Benton County.

Property tax

Effective rate in Corvallis

1.06%of the home’s value each year

$5,329 a year for the typical owner in Corvallis.

  • Corvallis 1.06%
  • Benton 0.95%
  • Oregon 0.81%

What Oregon publishes 3 percent cap on maximum assessed value (Measure 50) (Oregon Legislature (Oregon Revised Statutes))

Exemptions and deadlines in Oregon

Flood risk in Benton County

FEMA does not publish these numbers by city: they are for all of Benton County.

Homes in the high-risk zone
6.5%
1,984
Of those, with NFIP insurance
23%
County Oregon U.S.
Homes in the high-risk zone 6.5% 2.8% 3.5%
Of those, with NFIP insurance 23% 25% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Corvallis

Typical rent in Corvallis is $1,391 a month: about the same as the county. In Corvallis, 64% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Benton County, by unit size. To pay the 2-bedroom one ($1,857 a month) without spending more than 30% of your income, you would need to earn $35.71 an hour working full time.

HUD fair market rent for all of Benton County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $1,365 $26.25 $54,600
1 bedroom $1,487 $28.60 $59,480
2 bedrooms $1,857 $35.71 $74,280
3 bedrooms $2,571 $49.44 $102,840
4 bedrooms $3,102 $59.65 $124,080

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Corvallis

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Corvallis has 3 ZIP codes with their own.

For 2 bedrooms it runs from $1,870 in 97330 to $1,900 in 97333.

3 of the 3 are above the fair market rent for Benton County ($1,857).

  • 97330 $1,870$2,590
  • 97331 $1,890$2,610
  • 97333 $1,900$2,630

2 of these ZIP codes cross the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Corvallis when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in Corvallis

HUD lists 10 buildings with rents for lower incomes in Corvallis. These are the largest.

  • Samaritan Village 285 NW 35th St, Corvallis 97330 84 homes, 82 low-income · For older adults (541) 758-7888
  • Glenwood Manor 1687 NW Division St, Corvallis 97330 60 low-income homes · For older adults (541) 753-3408
  • Camas Commons 5140 SW Meadow Flower Dr, Corvallis 97333 56 low-income homes · 1 bd: 10 · 2 bd: 12 · 3 bd: 30 · 4 bd: 4 · In service since 2002 · For people with disabilities, families
  • Oak Crest Family Housing 3422 NE Lancaster St, Corvallis 97330 50 low-income homes · For families (541) 753-6533
  • Lancaster Bridge Apts 3384 NE Oxford Cir, Corvallis 97330 50 homes, 49 low-income · 2 bd: 15 · 3 bd: 31 · 4 bd: 4 · In service since 2013 · For people with disabilities, families, people experiencing homelessness

See all 10 buildings in Benton County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Corvallis

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

There is 1 HUD-approved agency with an office in Benton County; 1 says it serves in Spanish.

A man smiles on a bench outside his apartment building.

HUD counseling is free or low-cost

Assistance programs in Corvallis

No down payment, repair or rent-help program on our list is for Corvallis or Benton County. The ones below are statewide in Oregon: they work in Corvallis the same as in the rest of the state.

Which programs do I qualify for? All programs in Oregon

  • OHCS Down Payment Assistance

    Statewide in Oregon

    Oregon state funds for the down payment and closing costs, delivered by local organizations: up to $60,000 or 20% of the price, sometimes as a grant or as a forgivable second mortgage, for first-time or first-generation buyers with income up to 100% of the area median. Offered by Oregon Housing and Community Services (OHCS).

    GrantForgivable

    See the program Official page

  • FirstHome (Flex Lending)

    Statewide in Oregon

    Oregon Housing and Community Services mortgage for low- and moderate-income first-time buyers, with down payment assistance of 4% or 5% of the loan as a second mortgage. Offered by Oregon Housing and Community Services (OHCS).

    Type not stated

    See the program Official page

  • NextStep (Flex Lending)

    Statewide in Oregon

    Oregon Housing and Community Services mortgage for any buyer, including people who have owned a home before, with down payment assistance of 4% or 5% of the loan as a second mortgage that can be forgivable or repayable. Offered by Oregon Housing and Community Services (OHCS).

    Type not stated

    See the program Official page

Housing counselors near Corvallis

The HUD-approved agencies closest to the center of Corvallis, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • DevNW

    2525 SE 3rd St, Corvallis · 2 miles away · Spanish

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 7 more
    (541) 752-7220

  • DevNW

    528 Cottage St NE Ste 304, Salem · 29 miles away · Spanish

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 7 more
    (503) 779-2680

  • DevNW

    212 Main St, Springfield · 38 miles away

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 8 more
    (541) 345-7106

Every agency in Benton County All counseling agencies in Oregon

Help in Spanish near Corvallis

2 of the 3 agencies on this list say they serve in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Corvallis

HUD lists no housing authority with an office in Benton County. One in a neighboring county or the state’s may serve the area.

All housing agencies in Oregon Source: HUD

Cities

Other cities in Benton County

These cities are also in Benton County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Benton County Housing in Oregon

Nearby cities

The cities closest to Corvallis, with the typical home value.

Neighboring counties

If Benton County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Corvallis.

All guides
A mother holds her laughing daughter on a grey sofa.

Questions

Housing questions about Corvallis

Short answers with the numbers for Corvallis and all of Benton County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Corvallis?

The typical home value in Corvallis is $502,900, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Benton County it is $513,000.

How much does it cost to rent in Corvallis?

Typical rent in Corvallis is $1,391 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Benton County is $1,857.

What is the FHA loan limit in Corvallis?

Corvallis uses the FHA limit for all of Benton County (2026): $615,250 for a one-unit home and $1,183,200 for a four-unit home.

How much property tax do owners pay in Corvallis?

The typical homeowner in Corvallis pays $5,329 a year, according to the U.S. Census Bureau. That is 1.06% of the home’s value; in Benton County, the rate is 0.95%.

Where can I find free help to buy or rent in Corvallis?

There is 1 HUD-approved counseling agency with an office in Benton County. 1 says it serves in Spanish. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).