Corvallis

As of May 2026, Corvallis, Newport, Eugene have 391 active Airbnb and VRBO listings. This represents a 12% decrease from the previous year.

The average Airbnb or VRBO in Corvallis generates $34K per year. High-performing properties earn $58K/year, while low-performing properties earn $12K/year. The substantial $46K earnings gap suggests that revenue potential is highly polarized, likely driven by specific listing characteristics rather than broad market demand.

Average home prices in Corvallis vary by property size: 1-bedroom properties cost approximately $295K, 2-bedroom homes average $382K, 3-bedroom properties are around $488K, and 4+ bedroom homes average $589K. These prices reflect median home values across the Corvallis, Newport, Eugene area.

Airbnb and VRBO can be profitable in Corvallis, with an average gross yield of 7% across all properties. High-performing properties achieve yields up to 12%, which is considered top for short-term rental investment. This yield spread indicates that top-tier assets are successfully capturing value despite a broader trend of declining annual revenues.

The average occupancy rate for Airbnbs and VRBOs in Corvallis is 38%. This occupancy level, combined with an average nightly rate of $222, results in a RevPAR (revenue per available room) of $64 per day.

4+ bedroom properties demonstrate the strongest performance in Corvallis, with an average gross yield of 12% and annual revenue of $68K. These properties balance purchase price ($589K), operating costs, and rental demand most effectively in the Corvallis market.

Short-term rental regulations vary by jurisdiction in the Corvallis area. Corvallis: Strict. Banned in residential zones except owner-occupied homes. Business license required. Active code enforcement with complaint response. Newport: Moderate. Business license and transient lodging tax required. No owner-occupancy mandate. Enforcement complaint-driven, some unlicensed operations exist. Eugene: Moderate. Permit required, owner-occupancy mandatory for Type 1 STRs. Zoning restrictions apply. Enforcement increasing but complaint-based. Always verify current regulations with local authorities and obtain necessary permits before operating a short-term rental.

The Corvallis Airbnb and VRBO market is currently showing balanced conditions. Supply has declined 12% year-over-year, while RevPAR has decreased 21%. This indicates balanced supply-demand dynamics. The concurrent contraction in supply and revenue suggests that operators are exiting the market as realized returns fail to keep pace with operational expectations.

Launch around April, 2-3 months before peak summer season (July peaks). This pre-peak timing lets you build reviews when competition is -4% lower than peak months. Avoid launching during peak season when established listings dominate, or slow months (March-January) when gaining traction is harder.

The most common amenities in Corvallis listings include: Kitchen (98%), Air Conditioning (91%), Tv (88%), Heating (76%), Washing Machine (74%). Amenities that boost revenue the most include Washing Machine, Tv, Air Conditioning, with Washing Machine properties earning approximately 74% more ($46K/year vs $26K/year).

Monthly estimated revenue per listing in Corvallis over the last 12 months: May: $2K, June: $2K, July: $3K, August: $2K, September: $2K, October: $2K, November: $2K, December: $2K, January: $1K, February: $1K, March: $2K, April: $2K. These figures are based on RevPAR (revenue per available room) multiplied by the number of days in each month.

The overall average nightly rate in Corvallis is $222, up 29% year-over-year. By property size: 1-bedroom properties average $129/night, 2-bedroom properties average $172/night, 3-bedroom properties average $242/night, 4+ bedroom properties average $439/night. Rates peak in November and are lowest in May.

Guests in Corvallis book an average of 33 days in advance, down 26% from last year. By property size: 1-bedroom: 30 days, 2-bedroom: 32 days, 3-bedroom: 34 days, 4+ bedroom: 36 days. Larger properties tend to have longer booking windows as guests plan group trips further ahead.

Over the past year, the Corvallis Airbnb and VRBO market has seen the following changes: supply declined 12%, revenue per listing decreased 21%, occupancy fell 20%, average nightly rates increased 29%, and lead time decreased 26%. Higher rates failing to offset lower occupancy and shorter booking windows signal a shift in consumer behavior toward more spontaneous, shorter-term travel.

In Corvallis, Friday sees the highest booking demand while Tuesday has the lowest. Nightly rates peak on Friday and are lowest on Tuesday. Weekends show 51% higher occupancy than weekdays.