Real Estate Investing in Corvallis, Oregon (97330)
Should you buy in 97330 (Corvallis, OR)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High price-to-rent: Price-to-rent ratio 27.5 — hard to cash-flow at these prices.
What’s happening in Corvallis, OR (97330)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 97330 Corvallis
This part of Benton County is not an easy win. The 97330 ZIP clocks in at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Rent of $1,762/mo on a $581K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 97330 sits below the stated 0.0% once reality is priced in.
ZIP 97330's metrics run below Benton County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Stepping back, 44,464 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
The 97330 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Corvallis:
Property Strategy for 97330
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $385,504 | $1,310 | 2.4% | -1.5% | $385,504 |
| 2BR | $419,652 | $1,650 | 2.8% | +4.5% | $209,826 |
| 3BR | $531,974 | $2,290 | 3.1% | +6.0% | $177,325 |
| 4BR | $660,138 | $2,590 | 2.8% | +6.6% | $165,035 |
| 5BR | $713,559 | — | — | +6.4% | $142,712 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 97330 Compare?
| Metric | 97330 | Corvallis | Corvallis, OR | Oregon |
|---|---|---|---|---|
| Home Value | $580,744 | $278,074 | N/A | $493,884 |
| 5-Year CAGR | 5.0% | 4.9% | N/A | 4.9% |
| Avg Rent | $1,762 | $1,831 | N/A | - |
| Cap Rate | 2.4% | 2.6% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 97330 (Corvallis, OR). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 97330 (Corvallis, OR)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $580,744 |
| Monthly Rent | $1,762 |
| Price-to-Rent | 27.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.6% |
| Cap Rate | 2.4% |
| 5-Year IRR | 7.4% |
📈 Home Appreciation
| 1-Year | +2.2% ▲ |
| 3-Year CAGR | +2.3% ▲ |
| 5-Year CAGR | +5.0% ▲ |
| 10-Year CAGR | +5.9% ▲ |
🏠 Rent Trends
| 1-Year | -0.4% ▼ |
| 3-Year CAGR | +3.1% ▲ |
| 5-Year CAGR | +5.4% ▲ |
The current 30-yr mortgage rate (6.5%) exceeds the estimated cap rate (2.4%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 97330
Population: 44,464
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 97330
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 3,490 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What price range are homes in Corvallis, OR?
Median home price in Corvallis, OR is near $581K, with a 5-year CAGR of 0.0%. Prices have been stable and supportive of buy-and-hold strategies.
What is the renter demographic in Corvallis, OR?
Corvallis, OR offers a predictable renter base at the $1,762/mo rent level. Tenant turnover is reasonable for well-managed properties.
What are rental rates like in Corvallis, OR?
Average rent in Corvallis, OR is approximately $1,762/mo per month. Against $581K home values that yields a reasonable rent-to-price ratio.
Is Corvallis, OR landlord-friendly?
OR ranks as a landlord-friendly state for landlord-tenant law. Corvallis generally follows the statewide framework, so landlords face reasonable operating rules.
Can I live-in-and-rent in Corvallis, OR?
House hacking in Corvallis, OR is a challenging. With home values around $581K and rents at $1,762/mo, owner-occupants can offset a meaningful share of PITI.
See what 97330 really looks like for investors
You're reading the free snapshot. Unlock appreciation trends, cap rates, vacancy signals, Section 8 data, and full demographics for 97330.
AI Market Advisor
Ask questions about investing in 97330 (Corvallis)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 97330 (Corvallis, OR).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.