ZIP Code · OR

ZIP 97330

Part of Corvallis, OR

Pop. 43,878·Benton County·69th most expensive ZIP in Oregon

Median rent (all units)

$1,727/mo

Year-over-Year

+1.6%

Month-over-Month

-0.3%

vs US Median

-$205

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 97330 · $1,727

More affordable than 56% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$1,220

1 BR

$1,310

2 BR

$1,650

3 BR

$2,290

4 BR+

$2,590

Research median

$1,650/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: October 17, 2026

From the history

What the numbers show

Cheapest month to sign

December. Asking rents in ZIP 97330 usually run 1.7% below trend in December and 1.5% above it in August, about $55 a month apart at today's median. Based on 10 years of data.

Compared with the peak

Rent in ZIP 97330 is 1.9% below its high of $1,760 in February 2026, at $1,727 as of September 2026.

Past year vs. the rest of Oregon

Rent in ZIP 97330 changed +1.6% over the year to September 2026. Across the 106 Oregon ZIP codes Zillow tracks, the typical change was +1.6%.

Rent vs. income since 2019

From 2019 to 2024, rent in ZIP 97330 rose 40.9% while median household income rose 24.1% ($56,998 to $70,742). Rent outpaced income.

Since before the pandemic

Rent in ZIP 97330 is 43.4% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.

Recent direction

Rent has fallen 3 months in a row, and rose in 5 of the last 12 months.

What a typical income covers

30% of the median household income ($70,742) is $1,769 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,650); a 3-bedroom is $2,290.

From Zillow's monthly rent index (ZORI) for ZIP 97330. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$20,724/yr

At $1,727/mo median

Location

CityCorvallis

StateOR

CountyBenton County

Rent Market Meter

Balanced Market

Renter's MarketBalancedLandlord's Market

Rents are roughly steady, with neither renters nor landlords holding a strong edge right now.

Based on rent-price momentum (+1.6% YoY, -0.3% MoM), not inventory.

Demographics

Who lives here

ZIP 97330 (Corvallis, OR) is roughly split between renters and owners, skews toward younger working-age adults, 59.4% of residents hold a bachelor's degree or higher.

Population

43,878

Median income

$70,742

Median age

35.3

Renters

48.4%

Age distribution

15.9%

33.8%

21.8%

18.2%

Under 1815.9%

18–3433.8%

35–5421.8%

55–6410.2%

65+18.2%

Gender

49.8%

50.2%

Male49.8%

Female50.2%

Race & ethnicity

75.8%

White75.8%

Black1.7%

Hispanic10.6%

Asian8.4%

Other3.5%

Education (25+)

25.4%

59.4%

No HS diploma4.6%

HS diploma10.6%

Some college25.4%

Bachelor's+59.4%

Housing tenure

51.6%

48.4%

Owner51.6%

Renter48.4%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 97330 in Corvallis, OR has changed in 5 years

Rent

$1,242 → $1,727

up 39.0%

Income

$64,685 → $70,742

up 9.4%

Population

43,813 → 43,878

up 0.1%

Renter share

50.4% → 48.4%

-2.0 pts

Bachelor's+

60% → 59.4%

-0.6 pts

Median age

33.4 → 35.3

+1.9 yrs

Since 2021, the typical rent in ZIP 97330 in Corvallis, OR has climbed from $1,242 to $1,727, a 39.0% change over five years. Census figures show median household income at $70,742 today, compared with $64,685 five years earlier. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. Renters now make up 48.4% of households, compared with 50.4% five years ago. The combined trend lines point to a market that has changed measurably from where it stood in early 2021.

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About renting in ZIP 97330

Last updated: October 17, 2026

ZIP code 97330 covers Corvallis, OR. The median rent here is $1,727/mo as of October 2026. A 1-bedroom rents for a median of $1,310/mo. A 2-bedroom rents for a median of $1,650/mo.

At 29% of local median household income ($70,742/yr), ZIP 97330 ranks as affordable compared to the national benchmark of 30%. Rents have increased 1.6% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 97330?

To keep rent at or below 30% of gross income, you would need to earn at least $69,000/year (about $33/hour full-time) to afford the median rent of $1,727/mo in ZIP 97330. The local median household income is $70,742/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 97330?

Rent in ZIP 97330 has risen 1.6% over the past year as of September 2026. It sits 1.9% below its high of $1,760 in February 2026.

When is the cheapest time to rent in ZIP 97330?

Asking rents in ZIP 97330 are usually lowest in December, about 1.7% below their yearly trend, and highest in August, about 1.5% above it. At today's median that is a gap of roughly $55 a month. This pattern comes from 10 years of Zillow rent data.

Has rent outpaced income in ZIP 97330?

Yes. From 2019 to 2024, rent in ZIP 97330 rose 40.9% while median household income rose 24.1%, from $56,998 to $70,742. Rent is Zillow's yearly average; income is the Census 5-year estimate for the same years.

How does ZIP 97330 compare to other ZIPs in Oregon?

ZIP 97330 is in the middle among Oregon ZIP codes for rent, ranking #69 of 114 at $1,727/mo. Over the year to September 2026, rent in ZIP 97330 changed +1.6%, against a typical +1.6% across the 106 Oregon ZIP codes Zillow tracks.