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Corvallis, OR Real Estate


According to census data in the year 2000 there were 20,899 housing units in Corvallis. This represents a 20.8% growth from 17,307 in 1990.

Of those housing units, 20,692 were located in either urbanized areas or urban clusters, and 207 were located in what is classified as a rural area.

Homeownership rate in Corvallis is about 44.6%. Corvallis's vacancy rate, including seasonal lodging, is about 6%. Average household size is 2.25 people.

The majority of houses, apartments or condos in Corvallis were built after 1972.

Statistics

Housing Size

Housing Units by Size
Studio Type5.40%
One Bedroom17.20%
Two Bedrooms32.20%
Three Bedrooms31.60%
Four Bedrooms11.50%
Five Bedrooms or more2.10%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.47
Median year structure was built1971
Median Value of occupied units$159,600
Median Price asked for vacant units$121,900

Rented Homes, Apartments and Condos

Average Household Size2.08
Median year structure was built1973
Median Monthly Rent asked for vacant units$507

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage6%
Home Equity Loan8.90%
Simple Mortgage59.10%
Debt Free26%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs18%