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 $349,216 in February, 4.2% higher than the year before.
High mortgage rates are also making monthly payments more expensive; as of March 28, the 30-year fixed mortgage rate sits at 6.79%.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: $408,163
- 1-year price change: +2.1%
- 5-year price change: +46.5%
#4. Alsea, OR
- Typical home value: $411,768
- 1-year price change: +3.0%
- 5-year price change: +44.0%
#3. Philomath, OR
- Typical home value: $485,376
- 1-year price change: +4.1%
- 5-year price change: +53.8%
#2. Monroe, OR
- Typical home value: $508,176
- 1-year price change: +4.1%
- 5-year price change: +55.0%
#1. Corvallis, OR
- Typical home value: $531,639
- 1-year price change: +4.2%
- 5-year price change: +43.8%
This story features data reporting and writing by Elena Cox and is part of a series utilizing data automation across 379 metros.