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Corvallis city, OR

ZIP 97333 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 97333

Median Home Value
$482,200
Median Rent
$1,267
Affordability Snapshot
$133,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$3,098/mo PITI).

24%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

7.5x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

31.7 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 97333 in Corvallis city, OR, a household would need roughly $133,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $3,098. That is about 106% above the local median household income ($64,581), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Diverse housing tenure.

Heating Fuel
Housing Metrics
Owner Occupied
45.5%-30% vs US avg
x
Vacancy Rate
6.0%-42% vs US avg
x
Broadband Access
90.5%+4% vs US avg
x
4+ Bedrooms
3.9%-74% vs US avg
x
Built Pre-1939
3.6%-71% vs US avg
x
Built Post-2014
0.8%-88% vs US avg
x
Rent Burden >30%
37.1%-25% vs US avg
x
Mortgage-Free
43.8%+15% vs US avg
x
$482,200
Home Value
$1,267
Rent
1990
Year Built
2016
Moved In

Residents have lived here since ~2016 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached52.3%
  • 1-unit attached3.1%
  • 2-9 units20.8%
  • 10+ units18.9%
  • Mobile home & other4.9%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$482,200
Median rent$1,267
Owner-occupied45.5%
Vacant6.0%
Price-to-income7.5x
Est. income to buy$133,000