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 $362,143 in August, 2.5% higher than the year before.
High mortgage rates are also making monthly payments more expensive; as of September 19, the 30-year fixed mortgage rate sits at 6.09%.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: $415,819
- 1-year price change: -0.7%
- 5-year price change: +41.9%
#4. Alsea, OR
- Typical home value: $431,690
- 1-year price change: -2.7%
- 5-year price change: +36.1%
#3. Philomath, OR
- Typical home value: $502,256
- 1-year price change: +0.9%
- 5-year price change: +48.0%
#2. Monroe, OR
- Typical home value: $530,267
- 1-year price change: -0.1%
- 5-year price change: +49.8%
#1. Corvallis, OR
- Typical home value: $543,565
- 1-year price change: +1.6%
- 5-year price change: +40.6%