Cities with the most expensive homes in the Corvallis metro area

Cities with the most expensive homes in the Corvallis metro area

Purchasing a home is one of the most important investments there is. More than a place to live, homeownership is an asset with the potential to tremendously rise in value. But with home prices reaching record heights, affordability plays a huge role for buyers.

The typical home value in the United States was $368,720 in May, 0.8% higher than the year before.

High mortgage rates are also making monthly payments more expensive; as of June 11, the

sits at 6.52%.

Although home prices have inflated all across the U.S., there are some cities that command a higher price tag than others. Location, size, age, and condition are all contributing factors to home value.

Stacker compiled a list of cities with the most expensive homes in the Corvallis metro area using data from Zillow. Charts show the monthly typical home value since January 2018. All 5 cities and towns with data available were included in the list.

#5. Adair Village, OR

- Typical home value: $437,069

- 1-year price change: -0.4%

- 5-year price change: +17.9%

#4. Alsea, OR

- Typical home value: $470,851

- 1-year price change: -1.4%

- 5-year price change: +13.0%

#3. Philomath, OR

- Typical home value: $527,359

- 1-year price change: -0.5%

- 5-year price change: +22.1%

#2. Corvallis, OR

- Typical home value: $566,252

- 1-year price change: -0.5%

- 5-year price change: +22.6%

#1. Monroe, OR

- Typical home value: $573,214

- 1-year price change: +2.0%

- 5-year price change: +25.2%