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Benton County, OR

RANK #681 / 996  ·  POP 95,615  ·  OR

PROJECTED GROWTH: +0.1%

Benton County ranks in the bottom tier of U.S. counties on economic momentum.

[01] Why Benton County?

Benton County, Oregon, stands out as the home of Oregon State University in Corvallis, a city often called the "heart of the valley" due to its central location in the Willamette Valley. The county is approximately 40 miles southwest of Salem and 45 miles northwest of Eugene. Commutes are generally short, with an average travel time of around 19 minutes. The community offers a blend of college town energy and small-town appeal, surrounded by rolling hills, forests, and rivers. Outdoor recreation is a significant draw, with over 60 miles of multi-use trails for hiking and biking, access to the Willamette River for paddling and fishing, and proximity to Marys Peak, the highest point in the Oregon Coast Range.

Life in Benton County is characterized by a high quality of life, partly due to its natural environment and active lifestyles. The presence of Oregon State University significantly influences the culture and economy, attracting a younger, educated population. While historically rooted in agriculture and timber, the economy has diversified. Major employers include the university and healthcare services. The area also fosters an innovation economy with a focus on engineering and high technology, alongside a growing wine industry.

[02] Market Snapshot

Housing Ratio
8.3x

Overvalued relative to economy

GDP Growth
+2.3%

Below national median

Home Prices
-0.1%

Prices declining

Climate & Terrain
3.1

Favorable climate & terrain

Price/Rent
18x

Above national median (13x)

Housing looks overvalued at 8.3x — home prices are high relative to local economic output. Climate and geography support a structural premium. The typical U.S. county is 4–6x.

[03] Signal Profile

[04] Home Value Growth vs National

Benton County U.S. National

The Numbers

DEMOGRAPHICS
Population
95,615
+1.0% YoY
Median Household Income
$72,882
Median Home Value
$442,300
-0.1% 12mo
Median Rent
$1,315
Average Annual Pay
$67,162
+3.5% YoY
Employment
38,636
-0.3% YoY
Income-to-Home-Value
0.1648
Less affordable than average
Migration Inflow
8.7%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$568,000
Days on Market
85
Slower market
Months of Supply
3.8
Balanced market
Sale-to-List Ratio
98.6%
Near asking price
Sold Above List
18.4%
Listings w/ Price Drops
22.3%
Building Permits (2024)
116
Single-Family Permits
91

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Capital Investment

$3,270M
TOTAL
PROJECT AMOUNT STATUS
Horse Heaven Clean Energy Center
Scout Clean Energy
$1,500M Under Construction
Hop Hill Solar Generation and BESS
Undisclosed
$1,200M Planned
Wautoma Solar Project
Innergex Renewable Energy USA
$470M Planned
Safety and Justice Buildings
Benton County
$50M Under Construction
County Courthouse and District Attorney's Office & Emergency Operations Center
Benton County
$50M Under Construction

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[06] Score Breakdown

GDP Growth +2.3% 41 percentile
Population Growth +1.0% 72 percentile
Income Growth +6.0% 8 percentile
Vacancy Rate 1.2% 42 percentile
Home Price Change -0.1% 29 percentile
Rent Growth +5.8% 86 percentile
Price/Rent 18x 16 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

Is Benton County, OR a good place to move to?

Benton County has a Boom Town Index score of 32/100, ranking #681 among 996 U.S. counties. With job growth at -0.3% and a median household income of $72,882, it faces some economic headwinds compared to faster-growing counties.

Is Benton County affordable?

The median home value in Benton County is $442,300 with median rent at $1,315/month. The income-to-home-value ratio is 0.1648, which is less affordable than the national average.

Is Benton County growing or shrinking?

Population growth: +1.0% year-over-year. Job growth: -0.3%. Home values changed -0.1% in the past 12 months.

Are people moving to Benton County?

Yes — 8.7% of Benton County's population moved from another state, which is above the national average and indicates strong in-migration.

[08] Similar Metros

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