Corvallis, OR

  • Overview
  • Performance
  • Listings
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Key Performance Metrics

Market snapshot

Performance indicators for the Corvallis short-term rental market based on reliable data.

Listings

183 / 326

Reliable / Active

Cap Rate

5%

Middle-Earners Gross Yield

Revenue

$29,355

Middle-Earners Revenue

Occupancy

68%

Middle-Earners Occupancy

Home Value

$566,252

Median Home Sale Price

Top Earners

$56,047

Top-Earners Revenue

Corvallis

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Corvallis.

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B

Generally Investor friendly

Corvallis Regulations

Allowed citywide with simple registration and a low annual fee ($17) and only state TLT (1.5%) to collect, with no caps and no ban; the lack of detailed STR-specific rules and unclear enforcement creates modest investor risk, making it friendly rather than very friendly.

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About Corvallis

Corvallis sits in the heart of Oregon's Willamette Valley in Benton County, a mid-sized college town of roughly 60,000 residents best known as the home of Oregon State University. The city has the easygoing, outdoorsy character typical of the valley — leafy streets, bike paths along the Willamette and Mary's rivers, and a compact downtown dotted with coffeehouses, bookstores, and farm-to-table restaurants. It lies about 85 miles south of Portland and roughly 50 miles north of Eugene, making it a natural pause between the Willamette Valley's two larger hubs and a convenient base for travelers exploring the mid-valley wine country, the Cascade Range, and the central Oregon coast.

Oregon State University, founded in 1868, is the city's cultural and economic anchor. Its tree-lined historic core includes Memorial Union, the Valley Library, and the Weatherford Hall, and visitors regularly drop in for art exhibits at the Fairbanks Gallery or Beaver athletics at Reser Stadium and Gill Coliseum. The university also manages a network of research forests and arboreta around the city that draw hikers, runners, and nature lovers throughout the year.

Just west of town, Marys Peak rises to about 4,097 feet, the highest point in Oregon's Coast Range. The drive from Corvallis to the upper trailheads is roughly 45 minutes, and on clear days the summit offers sweeping views of the Willamette Valley, the Cascades, and the Pacific Ocean. The surrounding Siuslaw National Forest is laced with trails for hiking, mountain biking, and mushroom foraging, making it a favorite day trip for residents and visitors alike.

Travelers with more time can reach the central Oregon coast in about an hour and a half, with towns like Newport, Depoe Bay, and Lincoln City offering beaches, lighthouses, and the Oregon Coast Aquarium. Back to the east and surrounding the city, the Willamette Valley is one of the country's premier Pinot Noir regions, and dozens of tasting rooms lie within a 30-minute drive, including well-known producers in the nearby Eola-Amity Hills and broader mid-valley.

For short-term rental investors and travelers alike, Corvallis offers a rare combination: a walkable, amenity-rich college town with quick access to the coast, the Cascades, and some of the most celebrated vineyards in the Pacific Northwest. Its steady year-round demand — driven by university visits, wine tourists, and outdoor enthusiasts — gives it the feel of a small city that punches well above its weight as a base for exploring the middle of western Oregon.

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