Cities with the most expensive homes in the Corvallis metro area
Cities with the most expensive homes in the Corvallis metro area
Purchasing a home is one of the most important investments there is. More than a place to live, homeownership is an asset with the potential to tremendously rise in value. But with home prices reaching record heights, affordability plays a huge role for buyers.
The typical home value in the United States was $360,974 in June, 3.2% higher than the year before.
High mortgage rates are also making monthly payments more expensive; as of Aug. 22, the 30-year fixed mortgage rate sits at 6.46%.Although home prices have inflated all across the U.S., there are some cities that command a higher price tag than others. Location, size, age, and condition are all contributing factors to home value.
Stacker compiled a list of cities with the most expensive homes in the Corvallis metro area using data from Zillow. Charts show the monthly typical home value since January 2018. All 5 cities and towns with data available were included in the list.
#5. Adair Village, OR
- Typical home value: $417,620
- 1-year price change: +0.6%
- 5-year price change: +43.9%
#4. Alsea, OR
- Typical home value: $439,227
- 1-year price change: -2.3%
- 5-year price change: +38.0%
#3. Philomath, OR
- Typical home value: $505,849
- 1-year price change: +2.0%
- 5-year price change: +49.9%
#2. Monroe, OR
- Typical home value: $529,814
- 1-year price change: +1.3%
- 5-year price change: +52.1%
#1. Corvallis, OR
- Typical home value: $549,534
- 1-year price change: +2.9%
- 5-year price change: +42.4%
This story features data reporting and writing by Elena Cox and is part of a series utilizing data automation across 379 metros.