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Oregon State University

Corvallis is a quaint Willamette Valley farming town located approximately 46 miles from the Newport, Oregon and the Oregon coast and 85 miles from Portland, Oregon. The Oregon coast features beach combing, crabbing, fishing, hiking, camping, hunting, hiking and ocean areas.

Highly Sought After School

Oregon State University is a top 1% university in the world and #3 best university for solving climate change. This Pac-12 University is known for it’s Science and Research programs and draws students from 50 different countries to the area.

Oregon State University is renowned for its engineering, pharmacy, forestry, and veterinary schools. its students provide a steady stream of renters for apartment owners.

Corvallis

Oregon State University is located in historic Corvallis, Oregon. Oregon State University is the metro’s defining institution, with 32,000 students. According to its 2018 impact report, Oregon State University employed 20,700 workers in Benton and Linn Counties (Linn County hosts a small satellite campus with 1,200 students) and had an estimated annual economic impact of $1.6 billion in Benton and Linn Counties.

Corvallis has a population of 54,494 and is surrounded with peaceful farms and pastureland.  The OSU campus offers a beautiful serene to walk through town and as soon as you leave the campus you are surrounded by farmland. 

OSU's Bustling Community

OSU boasts of an undergrad population of 25,699 and 28,886 a total student population including graduate students.  Which surpasses not only the Univeristy of Oregon but also Portland State Univeristy.  OSU is ranked #76 for best teaching programs, #99 for best colleges for Veterans, and ranked #139 for best college campuses in the United States according to U.S. News.

Students are attracted to the Oregon State University for not only the educational programs but also for the quality of life.  The OSU campus sprawls over 422 acres and the city of Corvallis is built around the campus.  The campus is a staple in the community as steady supply of available workers for the various businesses but also as potential tenants for apartment owners.

Employment Opportunities

Due to the OSU campus, Corvallis’ employment is heavily focused in the government sector which represents over one third of the local workforce. Education and health services are a sizable segment of the job market consisting of 16% of all jobs.

According to CoStar Oregon State University employs 20,700 workers in Benton and Linn Counties, and has an estimated annual economic impact of $1.6 billion in those counties. Aside from OSU the other large employers are Good Samaritan hospital, Hewlett Packard, and Corvallis Clinic. 

Why We Love This Area

 

Students are attracted to the Oregon State University for not only the educational programs but also for the quality of life.  The OSU campus sprawls over 422 acres and the city of Corvallis is built around the campus.  The campus is a staple in the community as steady supply of available workers for the various businesses but also as potential tenants for apartment owners.

Rents for the Corvallis apartment market have averaged a growth of 3.4% over the last 3 years.  Over the past 5 years employment has grown at an annual rate of 2.1%. Nationally, employment has increased an average of 1.6% annually. Local commercial property investor typically dominates the apartment market as investors. Many investors gravitate to Corvallis from the Portland market because Portland has stricter landlord – tenant laws compared to the remainder of the state.

Increasing wages and a strong tenant pool fueled by Oregon State University creates an abundant supply of tenants to rent apartments and rents have experienced an average annual gain of 3.4% over the past three years.

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