Cities with the fastest growing home prices in Corvallis metro area

Written by:
January 19, 2023
Volodymyr Kyrylyuk // Shutterstock

Cities with the fastest growing home prices in Corvallis metro area

It goes without saying that the coronavirus pandemic has sparked a wave of uncertainty across myriad industries, and no other market has quite felt its impact like that of real estate.

The pandemic has become a driving force behind the continued real estate boom, with high demand for vacation homes and a limited supply of housing that has prompted buyers and investors to bid up prices for affordable properties, causing home prices to skyrocket. The ability to work remotely played a role in the vacation home demand in mid-2020, as affluent Americans opted to ride out the pandemic with more amenities and space outside dense urban areas.

Stacker compiled a list of cities with the fastest-growing home prices in Corvallis, OR metro area using data from Zillow. Cities are ranked by 1-year price change as of December 2022. The typical home value in the United States increased over the last year by +8.4%% to $356,819. All 5 cities and towns with data available were included in the list.

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1 / 5
Stacker

#5. Adair Village, OR

- 1-year price change: +$16,839 (+4.2%)
- 5-year price change: +$138,431 (+49.3%)
- Typical home value: $418,970 (#4 most expensive city in metro)
2 / 5
Stacker

#4. Philomath, OR

- 1-year price change: +$30,078 (+6.8%)
- 5-year price change: +$172,756 (+57.4%)
- Typical home value: $473,948 (#3 most expensive city in metro)
3 / 5
Stacker

#3. Monroe, OR

- 1-year price change: +$33,362 (+7.2%)
- 5-year price change: +$192,424 (+63.4%)
- Typical home value: $496,054 (#2 most expensive city in metro)
4 / 5
Stacker

#2. Corvallis, OR

- 1-year price change: +$55,847 (+11.4%)
- 5-year price change: +$199,781 (+57.7%)
- Typical home value: $545,907 (#1 most expensive city in metro)
5 / 5
Stacker

#1. Alsea, OR

- 1-year price change: +$66,068 (+21.0%)
- 5-year price change: +$155,274 (+69.0%)
- Typical home value: $380,297 (#5 most expensive city in metro)

You may also like: Cities with the most expensive homes in Corvallis metro area

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