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 in the Salem market area is 69%. average monthly revenue in the Salem market area is $3,491. average daily rate in the Salem market area is $189. the top operator in the Salem market area is Red Tail Ridge Rentals with 26 listings. market score is 67/100 (grade C).
Market data reflects the Salem regional market, which includes Corvallis. Regulations, taxes, and permit details below are specific to Corvallis.
Market Score Breakdown
Five dimensions StaySTRA 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 |
|---|---|
| Jan | 48% |
| Feb | 58% |
| Mar | 60% |
| Apr | 61% |
| May | 62% |
| Jun | 70% |
| Jul | 71% |
| Aug | 69% |
| Sep | 63% |
| Oct | 58% |
| Nov | 55% |
| Dec | 51% |
Month-by-month nightly rates and revenue figures for Corvallis are available to StaySTRA Pro members. Unlock with StaySTRA Pro or analyze a specific address free.
Top Short-Term Rental Operators in Salem market area
Ranked by total active listings. Useful for understanding the competitive landscape. Operator data is published for the Salem market as a whole, which includes Corvallis, so these counts are not Corvallis-only figures.
| # | 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 nightly-rate breakdowns by bedroom count, property tier, and dwelling type for Corvallis are available to StaySTRA Pro members. Unlock with StaySTRA Pro or analyze a specific address free.
Booking Channel Mix
Distribution of bookings across major STR platforms.
| Channel | Share |
|---|---|
| airbnb | 64.6% |
| vrbo | 4.3% |
| both | 31.1% |
Home Value Trends (Corvallis)
Typical home values, median sale prices, and the 10-year price trend for Corvallis are available to StaySTRA Pro members. Unlock with StaySTRA Pro or analyze a specific address free.
Booking Insights
Booking-window and length-of-stay analysis for Corvallis — how far ahead guests book and how to price around it — is available to StaySTRA Pro members. Unlock with StaySTRA Pro or analyze a specific address free.
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
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