Rent to own Homes in Corvallis, OR
Award Winning City! Corvallis likes to excel. The city has been named to many of the "best" lists in recent years, and it's proud of all its titles. It has the distinction of having the most green buildings per capita of any city in the country, as can be seen in the beautiful Timberhill neighborhood, as well as the highest number of Peace Corps volunteers.
Corvallis, OR is a great place for affordable rent-to-own homes! With a median household income of over $55,390 and a median rent of $1,164, the Corvallis, OR rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Corvallis, OR. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
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Rent to own Homes in Cities Near Corvallis, OR
Buying a Home in Corvallis, OR
Corvallis, OR is seeing rapid growth and Corvallis, OR's' housing market remains not optimal with an average home price that is 66% above the 2024 national average. Corvallis, OR is part of Benton county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2024 for county Benton is 1.01% which is above the national average, which is 0.99%.
Median Home Price in Corvallis, OR
Median Rent in Corvallis, OR
11 Reasons to Live in Corvallis, OR
Location, Location, Location! This city of about 55,000 has a small-town feel, but it's only about a 90-minute drive to Portland for those times when you want to be part of city life. In the same amount of time, you can be on the ski slopes or at the rocky Oregon Coast. If you're interested in rent to own opportunities in Corvallis, it helps to have a friend or contact in town to keep you up to date on availability. Average commute time for residents in this friendly city is 10 minutes or less; most residents drive, but the biking community is quite large.
Inventive! Corvallis also ranks tops on the list of patents per capita. People here are still looking for a better way! Corvallis citizens are serious about solving energy problems; the city has been commended by the EPA for exceeding standards on the list of National Green Power Communities.
Historic and Charming! Founded in 1845 as Marysville, Corvallis is situated at the mouth of the St. Mary's River where it flows into the Willamette. It has had an active historic preservation program in effect since 1982. Many homes are built in historical styles, and neighborhoods are often described as "charming."
Neighborhood Pride! There are three designated historic neighborhoods in Corvallis: Avery-Helm, College Hill-West and Oregon State University. Newer neighborhoods frequently have active associations to spearhead neighborhood watch teams, plan community events and provide a social network.
Popular Place! The vacancy rate in Corvallis is low due to high demand for housing; rent to own houses are sometimes in short supply, but they are available. The average price for homes in the county is just under $272,000.
Where Eagles Fly! Birding is a popular pursuit in the Willamette Valley. Bald eagles can be spotted around Corvallis in city parks such as the downtown area's Commemorative Park, and at the Finley National Wildlife Refuge.
Check Out the Seven Wonders! Corvallis residents like to claim they have at least seven wonderful things to see and do. Almost 20 local wineries boast great vintages, and offer tastings. If you're up for a hike, Marys Peak and Alsea Falls are natural wonders worth an excursion.
Stable Prices! Rent to own homes for many people in Corvallis are a prelude to buying or building. Although 55% of homes in the city are renter-occupied, vacancies don't last long.
Healthy, Natural, Local! Fresh, locally-grown, natural food and produce are favored here, and culinary arts as well as nouveau cuisine are popular. The Pacific Rim influence is evident, and Local Boyz Hawaiian Cafe is a popular place to eat.
Business Friendly! The city ranks second in the state for starting a business, and has employers like Hewlett-Packard, Siga Technologies and Samaritan Health Services within its boundaries.