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7. Corvallis, OR
Corvallis
Home price forecast (1 year):* 4.1%
Corvallis is a college town, home to the 150-year-old Oregon State University, one of the area's major employers and a stable source of jobs. The steady supply of college-educated residents has attracted high-paying jobs in the tech, pharmaceutical and health care industries. Unemployment of 7.1% is low and the median household income is high at $68,000.

Homes have kept their values well, falling only 6.3% from their peak. That has set the stage for the city to resume its steady growth and a 4.1% price gain is projected in 2010.
Is this a good time to buy a home in Corvallis?
Population:
(2006)
79,061
Median family income:
(2008)
$68,000
Median home price:
(2009)
N/A
Affordability index:
(Median home price/family income 2009)
N/A
Prices peaked in: 2008:Q1
Total climb during the boom:
(2000 to peak)
70.6%
Total decline so far:
(Peak through 2009)
-6.3%
One-year change:
(Q4 2008 to Q4 2009)
-4.4%
Additional price change to bottom: N/A
When they'll hit bottom: 2009:Q4
*(Q1 2010 - Q1 2011)
† Data is for Corvallis, OR Metropolitan Statistical Area
Notes:
Median home prices are for single-family homes through the third quarter of 2009, the most recent data available, and include sales of bank-owned properties.
Sources: Fiserv and Moody's Economy.com
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