ZIP Code · OR

ZIP 97333

Part of Corvallis, OR

Pop. 23,934·Benton County·37th most expensive ZIP in Oregon

Median rent (all units)

$1,882/mo

Year-over-Year

-0.2%

Month-over-Month

-1.2%

vs US Median

-$50

Reported rents

Falling (Monthly)

Be the first to discuss 97333 rents ↓

Most AffordableMost Expensive

ZIP 97333 · $1,882

More expensive than 54% of US ZIP codes · National median $1,932/mo

Rent check

Is your rent fair?

Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio

$1,250

1 BR

$1,350

2 BR

$1,700

3 BR

$2,360

4 BR+

$2,670

Research median

$1,700/mo

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

Rent trends

12-month history

Loading…

Last updated: October 17, 2026

From the history

What the numbers show

Cheapest month to sign

January. Asking rents in ZIP 97333 usually run 1.7% below trend in January and 1.9% above it in August, about $68 a month apart at today's median. Based on 7 years of data.

Compared with the peak

Rent in ZIP 97333 is 1.5% below its high of $1,910 in February 2026, at $1,882 as of September 2026.

Past year vs. the rest of Oregon

Rent in ZIP 97333 changed -0.2% over the year to September 2026. Across the 106 Oregon ZIP codes Zillow tracks, the typical change was +1.6%.

Since before the pandemic

Rent in ZIP 97333 is 44% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.

Recent direction

Rent rose in 7 of the last 12 months.

What a typical income covers

30% of the median household income ($65,191) is $1,630 a month. That covers HUD's Fair Market Rent for up to a 1-bedroom ($1,350); a 2-bedroom is $1,700.

From Zillow's monthly rent index (ZORI) for ZIP 97333. 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

$22,584/yr

At $1,882/mo median

Location

CityCorvallis

StateOR

CountyBenton County

Rent Market Meter

Renter's Market

Renter's MarketBalancedLandlord's Market

Rents are softening (down 0.2% YoY), so renters have negotiating leverage.

Based on rent-price momentum (-0.2% YoY, -1.2% MoM), not inventory.

Demographics

Who lives here

ZIP 97333 (Corvallis, OR) is majority renter-occupied, skews toward younger working-age adults, has a median income below the national average, 59.2% of residents hold a bachelor's degree or higher.

Population

23,934

Median income

$65,191

Median age

29.2

Renters

55.4%

Age distribution

14.6%

43.7%

17.3%

15%

Under 1814.6%

18–3443.7%

35–5417.3%

55–649.3%

65+15%

Gender

51.6%

48.4%

Male51.6%

Female48.4%

Race & ethnicity

81.4%

White81.4%

Black0.5%

Hispanic7.6%

Asian6.5%

Other4.1%

Education (25+)

26.4%

59.2%

No HS diploma2.8%

HS diploma11.6%

Some college26.4%

Bachelor's+59.2%

Housing tenure

44.6%

55.4%

Owner44.6%

Renter55.4%

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

2021 vs 2026

How ZIP 97333 in Corvallis, OR has changed in 5 years

Rent

$1,336 → $1,882

up 40.9%

Income

$57,034 → $65,191

up 14.3%

Population

22,938 → 23,934

up 4.3%

Renter share

54.9% → 55.4%

+0.5 pts

Bachelor's+

55.6% → 59.2%

+3.6 pts

Rent in ZIP 97333 in Corvallis, OR has increased 40.9% since 2021, going from about $1,336 per month to roughly $1,882 today. Local incomes tracked alongside that move, going from a median of $57,034 in 2021 to $65,191 more recently. Rent outpaced income growth by roughly 26.6 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. Headcount in the area went from 22,938 to 23,934 between 2021 and 2024, a 4.3% change. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 55.6% to 59.2%. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the ZIP 97333 in Corvallis, OR market of 2021.

Community

Discussions about ZIP 97333

No discussions yet. Start the conversation.

Local insights

Tips for renters in ZIP 97333

About renting in ZIP 97333

Last updated: October 17, 2026

ZIP code 97333 covers Corvallis, OR. The median rent here is $1,882/mo as of October 2026. A 1-bedroom rents for a median of $1,350/mo. A 2-bedroom rents for a median of $1,700/mo.

At 35% of local median household income ($65,191/yr), ZIP 97333 ranks as moderate compared to the national benchmark of 30%. Rents have decreased 0.2% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 97333?

To keep rent at or below 30% of gross income, you would need to earn at least $75,000/year (about $36/hour full-time) to afford the median rent of $1,882/mo in ZIP 97333. The local median household income is $65,191/yr, so the typical household falls short of that bar.

Is rent going up or down in ZIP 97333?

Rent in ZIP 97333 has been roughly flat over the past year as of September 2026, a -0.2% change. It sits 1.5% below its high of $1,910 in February 2026.

When is the cheapest time to rent in ZIP 97333?

Asking rents in ZIP 97333 are usually lowest in January, about 1.7% below their yearly trend, and highest in August, about 1.9% above it. At today's median that is a gap of roughly $68 a month. This pattern comes from 7 years of Zillow rent data.

How does ZIP 97333 compare to other ZIPs in Oregon?

ZIP 97333 is one of the pricier among Oregon ZIP codes for rent, ranking #37 of 114 at $1,882/mo. Over the year to September 2026, rent in ZIP 97333 changed -0.2%, against a typical +1.6% across the 106 Oregon ZIP codes Zillow tracks.