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?