Cities with the fastest growing home prices in Corvallis metro area

Written by:
September 29, 2022
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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 not 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 August 2022. The typical home value in the United States increased over the last year by +14.1% to $356,054. All 5 cities and towns with data available were included in the list.

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1 / 5
Stacker

#5. Adair Village, Oregon

- 1-year price change: +$43,867 (+11.7%)
- 5-year price change: +$146,443 (+53.5%)
- Typical home value: $420,271 (#4 most expensive city in metro)
2 / 5
Stacker

#4. Philomath, Oregon

- 1-year price change: +$64,982 (+15.9%)
- 5-year price change: +$179,569 (+61.2%)
- Typical home value: $473,163 (#3 most expensive city in metro)
3 / 5
Stacker

#3. Corvallis, Oregon

- 1-year price change: +$70,634 (+15.2%)
- 5-year price change: +$195,274 (+57.6%)
- Typical home value: $534,167 (#1 most expensive city in metro)
4 / 5
Stacker

#2. Alsea, Oregon

- 1-year price change: +$74,354 (+25.2%)
- 5-year price change: +$142,160 (+62.5%)
- Typical home value: $369,666 (#5 most expensive city in metro)
5 / 5
Stacker

#1. Monroe, Oregon

- 1-year price change: +$75,099 (+17.5%)
- 5-year price change: +$202,763 (+67.3%)
- Typical home value: $503,984 (#2 most expensive city in metro)

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