The real estate frenzy spurred by the coronavirus pandemic continues, though at a slower pace. Buyers are still competing for a limited supply of housing, driving up prices for affordable properties.
The typical home value in the United States was $365,545 in March, 0.8% higher than the year before.
Increasing mortgage rates have slowed growth, with prices even declining in some places. But some areas are still seeing price jumps compared to the year before.
Stacker compiled a list of cities with the most expensive homes in the Corvallis, OR metro area using data from Zillow. Charts show the monthly typical home value since January 2018.
#5. Alsea, OR
– 1-year price change: -$5,612 (-1.2%)
– 5-year price change: +$60,915 (+15.1%)
– Typical home value: $465,660 (#4 most expensive city in metro)
#4. Adair Village, OR
– 1-year price change: -$4,456 (-1.0%)
– 5-year price change: +$78,030 (+22.4%)
– Typical home value: $426,421 (#5 most expensive city in metro)
#3. Philomath, OR
– 1-year price change: -$1,536 (-0.3%)
– 5-year price change: +$108,562 (+26.5%)
– Typical home value: $518,378 (#3 most expensive city in metro)
#2. Corvallis, OR
– 1-year price change: -$1,357 (-0.2%)
– 5-year price change: +$117,267 (+26.7%)
– Typical home value: $555,988 (#2 most expensive city in metro)
#1. Monroe, OR
– 1-year price change: +$8,908 (+1.6%)
– 5-year price change: +$124,201 (+28.0%)
– Typical home value: $568,301 (#1 most expensive city in metro)
Stacker
Stacker is a news organization that produces and distributes data journalism to the world’s news organizations. Founded in 2017, Stacker combines data analysis with rich editorial context, drawing on authoritative sources and subject matter experts to drive storytelling. This article has been republished pursuant to a CC BY-NC 4.0 License.