Metro area index
Home appreciation in the Corvallis, OR metro area
FHFA HPI® data shows the Corvallis, OR metro area's all-transactions index changed +5.1% over the year to Q2 2026, versus +1.6% for Oregon and +3.0% for the U.S. That ranks 99th of 410 metro areas and divisions FHFA tracks.
- 1-year change
- +5.1%
- 5-year change
- +36.1%
- Since Q1 1995
- +307%
- Metro rank (1 year)
- 99th
U.S. +3.0%
U.S. +41.3%
U.S. +292%
of 410
Corvallis, OR vs Oregon and the U.S.
FHFA HPI® all-transactions index, rebased so Q1 1995 = 100, through Q2 2026
- Corvallis, OR: 406.9
- Oregon: 447.6
- United States: 391.6
Appreciation by time window
| Window | Metro | OR | U.S. | Gap vs OR | Gap vs U.S. |
|---|---|---|---|---|---|
| 1 year | +5.1% | +1.6% | +3.0% | +3.4 pts | +2.1 pts |
| 3 years | +11.8% | +6.0% | +12.9% | +5.8 pts | −1.0 pts |
| 5 years | +36.1% | +23.8% | +41.3% | +12.3 pts | −5.2 pts |
| 10 years | +92.3% | +80.0% | +93.3% | +12.3 pts | −1.1 pts |
| Since Q1 1995 | +307% | +348% | +292% | −40.7 pts | +15.3 pts |
3-digit ZIP regions in the Corvallis, OR area
Regions with at least 10% of their 2010 population inside the metro, largest overlap first. A 3-digit ZIP region can extend beyond the metro boundary.
| 3-digit ZIP region | State | 1 year | 5 years | Since Q1 1995 | Population in metro |
|---|---|---|---|---|---|
| 973 · Salem, OR area | OR | +0.5% | +29.7% | +322% | 14% |
Boom, bust, and recovery in Corvallis, OR area
Corvallis, OR area's index peaked in Q4 2007, fell 13.0% to its low in Q1 2012, and regained its peak in Q3 2015, about 7.8 years after the top. Today it sits +107% versus that 2000s peak. How every state and ZIP region fared
| Area | 2000s peak | Low point | Peak to low | Back to peak | Today vs peak |
|---|---|---|---|---|---|
| Metro | Q4 2007 | Q1 2012 | -13.0% | Q3 2015 (7.8 yrs) | +107% |
| OR | Q2 2007 | Q2 2012 | -26.0% | Q1 2016 (8.8 yrs) | +87.0% |
| U.S. | Q1 2007 | Q2 2012 | -19.0% | Q4 2016 (9.8 yrs) | +89.3% |
Appreciation after inflation
Adjusting for consumer price inflation, Corvallis, OR area's index has changed +83.8% in real terms since Q1 1995. Home prices vs inflation
| Window | Inflation (CPI-U) | Metro after inflation | OR after inflation | U.S. after inflation |
|---|---|---|---|---|
| 1 year | +3.9% | +1.2% | -2.1% | -0.8% |
| 3 years | +9.8% | +1.8% | -3.5% | +2.8% |
| 5 years | +24.0% | +9.7% | -0.1% | +13.9% |
| 10 years | +39.1% | +38.2% | +29.4% | +39.0% |
| Since Q1 1995 | +121% | +83.8% | +102% | +76.8% |
If you bought in the Corvallis, OR area in…
An example $300,000 purchase grown at the metro index rate to Q2 2026.
| Bought in | Index change | $300,000 then, at the metro rate |
|---|---|---|
| Q2 1995 | +296% | $1,187,336 |
| Q2 2000 | +249% | $1,046,015 |
| Q2 2005 | +165% | $794,778 |
| Q2 2010 | +125% | $675,017 |
| Q2 2015 | +110% | $630,429 |
| Q2 2020 | +52.6% | $457,825 |
| Q2 2021 | +36.1% | $408,275 |
| Q2 2023 | +11.8% | $335,459 |
| Q2 2025 | +5.1% | $315,231 |
Frequently asked questions
- How much have home prices risen in the Corvallis, OR area?
- FHFA HPI® data for the Corvallis, OR metro area shows changes of +5.1% over one year, +36.1% over five years, and +92.3% over ten years to Q2 2026, and +307% since Q1 1995.
- Is the Corvallis, OR area beating the national average?
- Over the past year the metro's index moved +2.1 pts versus the U.S.; over five years the gap is −5.2 pts.
- What area does this metro index cover?
- FHFA computes metro indexes using the counties in each OMB-defined metropolitan statistical area. The index covers the whole area, so individual neighborhoods and homes can differ from it.