Corvallis, OR Real Estate
According to census data in the year 2000 there were 20,899 housing units in Corvallis.
This represents a 20.8% growth from 17,307 in 1990.
Of those housing units, 20,692 were located in either urbanized areas or urban clusters, and 207 were located in what is classified as a rural area.
Homeownership rate in Corvallis is about 44.6%.
Corvallis's vacancy rate, including seasonal lodging, is about 6%.
Average household size is 2.25 people.
The majority of houses, apartments or condos in Corvallis were built after 1972.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 5.40% |
| One Bedroom | 17.20% |
| Two Bedrooms | 32.20% |
| Three Bedrooms | 31.60% |
| Four Bedrooms | 11.50% |
| Five Bedrooms or more | 2.10% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.47 |
| Median year structure was built | 1971 |
| Median Value of occupied units | $159,600 |
| Median Price asked for vacant units | $121,900 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.08 |
| Median year structure was built | 1973 |
| Median Monthly Rent asked for vacant units | $507 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 6% |
| Home Equity Loan | 8.90% |
| Simple Mortgage | 59.10% |
| Debt Free | 26% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 18% |
