Corvallis, Oregon Short-Term Rental Market
Corvallis limits whole-home STRs to commercial zones, Willamette Valley September 2026 shows $172 ADR, 65.2% occupancy, $3,050 monthly revenue.
Quick Answer: Corvallis, Oregon is an active short-term rental market. average occupancy in the Salem market area is 65%. average monthly revenue in the Salem market area is $3,050. average daily rate in the Salem market area is $172. 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
Corvallis permits short-term rentals but confines whole-home use to commercial zones, so the performance figures below describe a market where much of the practical supply is owner-occupied or room-based. Performance data for Corvallis is tracked at the level of the Willamette Valley STR market, so every number here describes the Willamette Valley STR market rather than Corvallis alone. In September 2026 the Willamette Valley STR market posted an average daily rate of $172, occupancy of 65.2%, and average monthly revenue of $3,050 per listing. Implied revenue per available night was about $112. Compared with September 2025, occupancy rose 9.6%, ADR rose 3.8%, and monthly revenue rose 10.5%. Seasonal monthly averages add up to annualized revenue of $26,506 per listing. The longer record shows a market that peaked during the 2021 travel rebound and then settled. Annual occupancy was 71.9% in 2021, eased to 58.8% in 2025, and stands at 59.8% across the first nine months of 2026. Annual ADR climbed from $102 in 2019 to $153 in 2025 and $160 so far in 2026, so recent gains come from price as well as from a stronger summer. Demand in Corvallis centers on Oregon State University, with about 35,000 students, plus athletics, alumni, and university business travel. Outdoor and wine-oriented visitors add regional trips, drawn by Mary’s Peak, the William L. Finley National Wildlife Refuge, Willamette Valley wineries, craft breweries, and more than 60 miles of multi-use trails. Visit Corvallis reports that 2023 visitor spending in Benton County totaled $180.5 million. The city has a population of 59,960. Bedroom, channel, and listing-type counts are tracked at a shared regional level rather than uniquely for Corvallis, so this profile omits them.
Seasonal Patterns
| Month | Occupancy |
|---|---|
| Jan | 48% |
| Feb | 58% |
| Mar | 60% |
| Apr | 61% |
| May | 62% |
| Jun | 70% |
| Jul | 71% |
| Aug | 68% |
| 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 permits short-term rentals but constrains them sharply by zoning. Renting an entire home for stays under 30 days with no owner present is classified as a Lodging Service use under Chapter 3.0 of the Land Development Code. Lodging Services are permitted only in commercial zones and are not permitted in residential zoning districts. Owners who rent rooms within an owner-occupied home, such as a bed and breakfast renting up to two bedrooms, may qualify as a Home Business, an accessory use allowed in most residential districts. The city treats owner occupancy as required for that path. Operators need a City Lodging Tax Registration and a rental property registration, with an annual fee of $17 per unit that rises $1 every odd-numbered year. The City lodging tax is 9% of the total retail price. Benton County adds 3%, and the Oregon statewide transient lodging tax rose from 1.5% to 2.5% for charges on or after January 1, 2026, bringing the combined rate to roughly 14.5%. Airbnb collects and remits tax on bookings made through that platform, but hosts must still register and must collect and remit tax themselves on direct bookings. Since February 1, 2022, tax is filed quarterly and paid to the Oregon Department of Revenue, while registration forms still go to the City. No annual night cap was found. Enforcement severity is rated moderate. The key gating constraint for investors is the residential-zone prohibition on non-owner-occupied whole-home rentals.
Market Comparison
Year-over-year growth in the Willamette Valley STR market that includes Corvallis is positive on all three measures, with occupancy up 9.6%, ADR up 3.8%, and revenue up 10.5%. September 2026 occupancy of 65.2% and an ADR of $172 describe a volume-driven market, where full calendars matter more than premium pricing. Professionally managed listings at $266 and luxury listings at $299 earn clearly more than the average listing at $172. The January trough of 48.1% occupancy and the July peak of 70.6% show a market with a pronounced summer season. Top-operator rankings are tracked at a shared regional level rather than uniquely for Corvallis, so this profile omits them. Investors comparing Corvallis with other college towns should weigh the strong occupancy against the $172 average rate and the zoning limits on whole-home use.
Frequently Asked Questions About Corvallis, Oregon
Are short-term rentals legal in Corvallis, Oregon?
What taxes and fees apply to a Corvallis short-term rental?
What is the average daily rate in the Corvallis area?
What is the occupancy rate for Corvallis area short-term rentals?
How much revenue does a short-term rental earn in the Corvallis area?
What does a home cost in Corvallis for an STR investor?
Analyze Corvallis Rentals
Use our free calculator to estimate Airbnb revenue for any property in Corvallis.
Free Corvallis STR Calculator →
