97331, Corvallis, OR

The 97331 zip code of Corvallis, OR has a median home value of $199,900. This is higher than the statewide median home value of $177,500. The 97331 zip code also has a median home equity value of $141,100. This is higher than the statewide median home equity value of $130,700.

There are a number of factors that could contribute to the high values in the 97331 zip code. Some potential reasons include its proximity to Oregon State University and its strong economy. Additionally, Corvallis is one of the most affordable cities in Oregon and has low unemployment rates. These factors may have led to increased demand for housing and consequently increased prices.

Despite these high values, there are still many homeowners in the 97331 zip code who are able to afford their homes. In fact, according to Zillow’s 2018 Home Value Index report, 47% of homeowners in this zip code are able to afford their homes without taking on any extra debt or spending more than 30% of their income on housing costs. This indicates that there is still plenty of room for price appreciation in this area over time if current trends continue.