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Corvallis

Learn about the people, housing, costs and businesses in Corvallis, Montana

Median Home$562,800
Median Rent$1,181/month
Population1,046
Leading IndustriesEducation · Healthcare · Arts, Food & Hospitality3% education
Home Value Growth⬆⬆+16.4% over 2 years
Retirees23% of residentsslightly above average
Homeowners82% of occupied units
NotableHighly Educated29% bachelor's · 14% graduate · top 10% nationally
Corvallis
MT

Frequently Asked Questions

What are today's mortgage rates in Corvallis?

As of today, the 30-year fixed mortgage rate for Corvallis is approximately 6.829% (6.863% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Corvallis?

The median home value in Corvallis is $563k. The median monthly rent is $1,181. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Corvallis?

Home values in Corvallis have increased 16.4% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Corvallis?

Based on a typical all-in ownership cost of $1,165/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $50k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Corvallis is $83k/year.

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What industries drive the economy in Corvallis?

The largest employment sectors in Corvallis are public administration (20%) and healthcare (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.