Median Home Price
$548,593.16
Median Rent
$1,811.38/mo
Price-to-Rent Ratio
25.2
Property Tax RateTIE
0.97%
Price Change (1Y)BETTER
+0.4%
Price Change (5Y)BETTER
+1.9%
Break-Even YearsTIE
N/A
10-Year Wealth Difference
$486,953
Median Home PriceBETTER
$493,150.76
Median RentBETTER
$1,686.65/mo
Price-to-Rent RatioBETTER
24.4
Property Tax RateTIE
0.97%
Price Change (1Y)
-1.2%
Price Change (5Y)
-6.0%
Break-Even YearsTIE
N/A
10-Year Wealth DifferenceBETTER
$363,323
Key Differences
Home Prices
Corvallis's median home price of $548,593.16 is higher than Portland's $493,150.76 by 11%.
Monthly Rent
Renting in Corvallis costs $1,811.38/mo compared to $1,686.65/mo in Portland—a difference of $124.73/mo.
Buy vs Rent Verdict
Both cities currently favor renting.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.