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
$437,106.46
Median RentBETTER
$1,651.85/mo
Price-to-Rent RatioBETTER
22.1
Property Tax RateTIE
0.97%
Price Change (1Y)
+0.2%
Price Change (5Y)
+1.1%
Break-Even YearsTIE
N/A
10-Year Wealth DifferenceBETTER
$360,036
Key Differences
Home Prices
Corvallis's median home price of $548,593.16 is higher than Salem's $437,106.46 by 26%.
Monthly Rent
Renting in Corvallis costs $1,811.38/mo compared to $1,651.85/mo in Salem—a difference of $159.53/mo.
Buy vs Rent Verdict
Both cities currently favor renting.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.