Compare Corvallis, OR mortgage rates and fees from top lenders. Review free, personalized mortgage rates based on your specifc loan amount, program and other factors. Easily compare APRs, closing costs and monthly payments to find the lowest mortgage rates in Corvallis.
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January 24, 2022
Below we provide helpful information on the real estate market, home prices and housing affordability in Corvallis. Understand how much you need to earn to afford a home in Corvallis, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Corvallis fits your budget. This information is based on proprietary analysis you can only find on FREEandCLEAR and we offer it to help you decide if living in Corvallis is right for you.
The median home value for Corvallis, OR (Benton County) is $481,971
Based on current mortgage rates and a 10% down payment, you need to make $78,969 per year to buy the median priced home in Corvallis
With this income, you could qualify for a $433,774 mortgage, assuming your monthly debt expense is reasonable
Based on this loan amount, the monthly mortgage payment required to buy the median priced home in Corvallis is $1,829
The median household income for Corvallis, OR (Benton County) is $76,564
Based on this income, you can afford a home valued at approximately $467,290
The home price you can afford to buy based on household income in Corvallis is 97% of the median home value which means housing prices are expensive. Corvallis (Benton County) ranks 29 out of 36 counties in Oregon and 3,039 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Corvallis, OR is expensive
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Corvallis (Benton County) below.
Conforming loan limits for Corvallis, OR
FHA loan limits for Corvallis, OR
VA loan limits for Corvallis, OR