Corvallis, Oregon Short-Term Rental Market
Corvallis STRs averaged $144/night at 59.2% occupancy in April 2026, driven by Oregon State University demand.
Quick Answer: Corvallis, Oregon is an active short-term rental market. average occupancy is 59%. average monthly revenue is $2,318. average daily rate is $144. the top operator is Red Tail Ridge Rentals with 26 listings. market score is 67/100 (grade C).
Market Score Breakdown
Five dimensions Apivex evaluates per market.
Market Overview
The Corvallis, Oregon short-term rental market is shaped primarily by Oregon State University, which enrolls roughly 35,000 students and generates sustained lodging demand from athletics, alumni events, academic visitors, and business travel. As of April 2026, the market recorded an average daily rate of $144 and occupancy of 59.2%, producing a RevPAR of $85. Average monthly revenue per listing came in at $2,318.
The active inventory spans approximately 1,677 listings. Entire-place rentals dominate at 1,371 units (82% of supply), with private rooms accounting for the remaining 306. Airbnb is the primary channel, with 1,083 listings appearing exclusively on that platform; 522 listings cross-list on both Airbnb and VRBO, and 72 are VRBO-only.
The bedroom mix skews toward studios and one-bedrooms, which total 800 units and represent the largest single segment. Two-bedroom properties account for 360 units, three-bedrooms for 318, four-bedrooms for 125, and five-bedroom properties for 71.
Year-over-year, occupancy slipped 0.17 percentage points in April 2026 versus April 2025, while ADR rose 3.58% and revenue grew 2.76%. The market’s rental demand score of 92.17 (out of 100) reflects the structural strength of university-anchored lodging, though the investability score of 59.22 and revenue growth score of 56.13 suggest returns are stabilizing rather than accelerating.
Seasonal Patterns
| Month | Occupancy | ADR | Revenue |
|---|---|---|---|
| Jan | 48% | $109 | $1,525 |
| Feb | 58% | $112 | $1,602 |
| Mar | 60% | $118 | $1,932 |
| Apr | 61% | $123 | $2,032 |
| May | 62% | $138 | $2,308 |
| Jun | 70% | $148 | $2,680 |
| Jul | 71% | $149 | $2,909 |
| Aug | 69% | $155 | $2,830 |
| Sep | 63% | $143 | $2,455 |
| Oct | 58% | $133 | $2,183 |
| Nov | 55% | $130 | $1,951 |
| Dec | 51% | $120 | $1,775 |
Top Short-Term Rental Operators in Corvallis
Ranked by total active listings. Useful for understanding the competitive landscape.
| # | Operator | Listings | Reviews | Rating |
|---|---|---|---|---|
| 1 | Red Tail Ridge Rentals | 26 | 4,871 | ★ 4.83 |
| 2 | Salem Stays | 24 | 955 | ★ 4.86 |
| 3 | Evolve | 23 | 984 | ★ 4.83 |
| 4 | Vacasa | 9 | 137 | ★ 4.83 |
| 5 | T E Experiences | 5 | 155 | ★ 4.91 |
What Kind of STR Should I Buy in Corvallis?
Revenue and pricing by property type, tier, and bedroom count.
Revenue by Bedroom Count
| 1 bed | 800 |
| 2 bed | 360 |
| 3 bed | 318 |
| 4 bed | 125 |
| 5 bed | 71 |
ADR by Property Tier
| Entire Home | $157 |
| Luxury | $241 |
| Professionally Managed | $224 |
Revenue by Dwelling Type
| Apartment | $2,093 |
| Entire Place | $2,544 |
| House | $2,526 |
Booking Channel Mix
Distribution of bookings across major STR platforms.
| Channel | Share |
|---|---|
| airbnb | 64.6% |
| vrbo | 4.3% |
| both | 31.1% |
Investment Analysis
Corvallis presents a steady, university-anchored income profile rather than a high-growth speculative play. Monthly revenue averaged $2,318 in April 2026, implying an annualized run rate near $27,816 for an average listing. Entire-place properties outperformed at $2,544 per month, and house-type listings came in at $2,526 per month. Apartment-style units averaged $2,093, sitting roughly 10% below the market average.
Professionally managed listings command a meaningful ADR premium: the tier_professionally_managed ADR reached $224, compared to $144 across all listings, a 55% differential. Luxury-tier properties averaged $241 per night. These spreads indicate that management quality and property positioning materially influence returns in this market.
No Zillow housing data was available in the database for Corvallis at the time of this analysis, so a direct gross yield calculation cannot be provided. Prospective investors should source current home values independently before underwriting.
ADR has grown 3.58% year-over-year while occupancy held essentially flat (down 0.17 points), suggesting operators are capturing more revenue per booked night rather than increasing fill rates. The market’s investability score of 59.22 reflects moderate return potential, constrained in part by Corvallis’s regulatory environment, which limits whole-home STR operations to commercial zones.
Revenue Trend (5 yr)
ADR & Occupancy Trends (5 yr)
Run a Free Address Analysis
Skip the market averages. Get revenue projections, comp analysis, and ROI for your specific property address. Free, instant, no signup required.
Analyze My Property →Booking Insights
Corvallis guests book an average of 39 days in advance, reflecting a mix of university event planners, sports visitors, and leisure travelers who tend to plan moderately ahead. This lead time gives operators a meaningful pricing window to adjust rates before the arrival date without relying heavily on last-minute discounting.
Average length of stay is 4.1 nights, which positions Corvallis between the weekend-getaway model (2-3 nights) and the extended-stay segment (7+ nights). At 4.1 nights and 59.2% occupancy, a typical listing sees approximately 4 to 5 guest check-ins per month. This turnover rate is frequent enough that cleaning logistics matter, but stays are long enough to reduce the per-night overhead of very short turnovers.
For pricing strategy, the 39-day average lead time suggests that rate adjustments made 4 to 6 weeks out are likely to influence booking decisions. Operators who lock in rates too early for high-demand periods (OSU home games, graduation weekends) may leave revenue on the table, while dynamic pricing tools that respond to demand signals in the 30 to 45-day window can capture higher rates during peak events.
Short-Term Rental Regulations
Corvallis has an active STR regulatory framework with a key constraint: whole-home short-term rentals (entire home, stays under 30 days, no owner present) are classified as a ‘Lodging Service’ land use under Chapter 3.0 of the City’s Land Development Code. Lodging Services are permitted only in commercial zones and are explicitly not permitted in residential zoning districts.
The primary path for residential STR operators is owner-occupancy. Renting rooms within an owner-occupied home (up to two bedrooms) can qualify as a Home Business, which is an allowed accessory use in most residential districts. This significantly limits the investor-owned, non-owner-occupied whole-home STR model in residential areas.
All rental properties, including STRs, must register with the City and pay an annual rental housing fee ($17 per unit as of 2025, increasing $1 every odd-numbered year). Operators must also file a City Lodging Tax Registration Form.
The transient lodging tax rate is 9% (City) plus 3% (Benton County) plus a statewide Oregon rate of 1.5%, rising to 2.5% as of January 1, 2026, bringing the combined rate to approximately 14.5%. Airbnb collects and remits this tax on behalf of platform bookings, but operators must still register. Direct-booking operators must collect and remit independently. Tax is filed quarterly and remitted to the Oregon Department of Revenue.
No annual night cap was found in the public record. Enforcement severity is rated moderate. The commercial-zone restriction on whole-home STRs is the most consequential regulatory factor for investors evaluating Corvallis.
Market Comparison
Corvallis sits above the national STR median on occupancy (59.2% versus the U.S. median of approximately 55%) while running below the national median ADR of approximately $220. This pattern is characteristic of university towns: high fill rates driven by consistent institutional demand, but moderate nightly rates reflecting a guest mix that skews toward budget-conscious academic visitors rather than leisure travelers.
The rental demand score of 92.17 is notably high and reflects the structural depth of Corvallis’s demand base. However, the revenue growth score of 56.13 and investability score of 59.22 suggest the market is not expanding rapidly; it is stable rather than surging.
Among professional operators, Red Tail Ridge Rentals leads the market with 26 listings and 4,871 reviews (4.83 average rating). Salem Stays operates 24 listings with a 4.86 rating. Evolve manages 23 listings with 4.83 stars. These three operators together account for 73 managed listings out of the approximately 1,677 active in the market, indicating that the Corvallis STR market remains largely fragmented with individual owner-operators making up the bulk of supply.
Vacasa holds 9 listings, and T E Experiences rounds out the top five at 5 listings with the highest average rating in the group at 4.91.
Frequently Asked Questions About Corvallis, Oregon
What is the average daily rate for STRs in Corvallis, OR?
What occupancy rate can I expect for a Corvallis short-term rental?
Are short-term rentals legal in Corvallis, Oregon?
What are the STR taxes in Corvallis?
How much monthly revenue can a Corvallis STR generate?
Who are the top property managers in the Corvallis STR market?
What is the typical booking lead time in Corvallis?
Analyze Corvallis Rentals
Use our free calculator to estimate Airbnb revenue for any property in Corvallis.
Free Corvallis STR Calculator →
