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 $360,385 in October, 2.4% higher than the year before.
High mortgage rates are also making monthly payments more expensive; as of November 14, the 30-year fixed mortgage rate sits at 6.78%.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: $412,223
- 1-year price change: -0.5%
- 5-year price change: +42.0%
#4. Alsea, OR
- Typical home value: $430,544
- 1-year price change: -0.8%
- 5-year price change: +37.6%
#3. Philomath, OR
- Typical home value: $498,694
- 1-year price change: +1.3%
- 5-year price change: +48.1%
#2. Monroe, OR
- Typical home value: $524,296
- 1-year price change: +0.4%
- 5-year price change: +49.2%
#1. Corvallis, OR
- Typical home value: $539,421
- 1-year price change: +1.4%
- 5-year price change: +40.6%