Real Estate Investing in Corvallis, Oregon (97333)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 97333 (Corvallis, OR)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
What’s happening in Corvallis, OR (97333)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 97333 Corvallis
Not every below-median market is a bargain. Corvallis's 97333 ZIP records signals that favor experienced operators who can absorb the risk $533K pricing implies.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $533K asset, 97333 is the wrong submarket. If the plan prices in friction, the yield can still work.
Turning to rents, 97333 offers a low basis, the region around Corvallis has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Who lives in 97333 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
The right play in 97333 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Corvallis:
Property Strategy for 97333
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $329,924 | $1,350 | 2.9% | +1.7% | $329,924 |
| 2BR | $418,450 | $1,700 | 2.9% | +5.0% | $209,225 |
| 3BR | $512,213 | $2,360 | 3.3% | +6.2% | $170,738 |
| 4BR | $626,586 | $2,670 | 3.1% | +6.1% | $156,646 |
| 5BR | $677,649 | — | — | +5.4% | $135,530 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 97333 Compare?
| Metric | 97333 | Corvallis | Corvallis, OR | Oregon |
|---|---|---|---|---|
| Home Value | $533,039 | $277,893 | N/A | $493,884 |
| 5-Year CAGR | 4.1% | 4.2% | N/A | 4.9% |
| Avg Rent | $1,837 | $1,763 | N/A | - |
| Cap Rate | 2.7% | 2.5% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 97333 (Corvallis, OR). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $533,039 |
| Monthly Rent | $1,837 |
| Price-to-Rent | 24.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.1% |
| Cap Rate | 2.7% |
| 5-Year IRR | 6.8% |
📈 Home Appreciation
| 1-Year | +1.6% ▲ |
| 3-Year CAGR | +1.7% ▲ |
| 5-Year CAGR | +4.1% ▲ |
| 10-Year CAGR | +6.0% ▲ |
🏠 Rent Trends
| 1-Year | +1.3% ▲ |
| 3-Year CAGR | +2.7% ▲ |
| 5-Year CAGR | +6.9% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.7%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 97333
Population: 23,655
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 97333
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 3,101 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Do landlords face vacancy issues in Corvallis, OR?
Rental vacancy in Corvallis, OR is elevated. Investors should budget normal turnover but not chronic empty units.
How much rent can I charge in Corvallis, OR?
Rents in Corvallis, OR run near $1,837/mo. Compared with median home prices of $533K that produces solid gross yields for typical rentals.
What price range are homes in Corvallis, OR?
Median home price in Corvallis, OR is near $533K, with a 5-year CAGR of 0.0%. Prices have been predictable and supportive of buy-and-hold strategies.
Does Corvallis, OR favor landlords or tenants?
Corvallis, OR operates under OR law, which is landlord-friendly overall for landlords. Expect consistent treatment in typical lease and eviction cases.
How does Corvallis, OR rate as a rental market?
Corvallis, OR rates 3.0/5 for investability. With median values at $533K and rents near $1,837/mo, the market offers reasonable fundamentals for rental investors.
You know 97333 now. You don’t know where it ranks.
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How 97333 ranks in Corvallis, OR
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