Corvallis, Montana.
Typical home $661,510 (+2.5% in a year).
to buy the typical home at today's mortgage rate — +$2,150 (+163%) since Jan 2020.
- 1 year
- Up $16,135 +3%
- $645,375$661,510 since Sep 2025
- 5 years
- Up $100,306 +18%
- $561,204$661,510 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Corvallis$3,472
- Montana$2,453
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 21 years.
Typical home values in Corvallis, MT rose 2.5% over the past year — faster than the nation's +1.2%.
Living in Corvallis, Ravalli County, Montana
Corvallis, in Ravalli County, had 1,125 people in the 2020 census. Unemployment in Ravalli County was 3.2% in August 2026, and the county had 0.1% fewer jobs in 2025 than the year before. The most people in Ravalli County work in schools and health care, then shops.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Corvallis is a small community in Montana's Ravalli County, with a population that keeps it close-knit and quiet. Homes here are valued well above what many might expect for a place this size, and household incomes across Ravalli County are modest by comparison.
Work. Many residents work in schools, hospitals and social care, followed by shops, the building trades, and restaurants and hotels. Across Ravalli County, some of the largest workplaces are Marcus Daly Memorial Hospital, Hamilton K-12 Schools and Corvallis K-12 Schools. Unemployment across the county has eased slightly over the past year, though the number of jobs has barely changed.
Things to do. Bitterroot National Forest, a protected area of forest land, is a short drive away, as is the Ravalli County Museum. A longer drive brings you to the Bitterroot River and to Lost Trail Powder Mountain, a ski area. Winters are cold and the summers pleasantly warm, with fairly little rain and melted snow over the year.
Report a mistake
What people in Ravalli County work in
Employed residents by industry, from the Census survey. Ravalli County had 13,744 jobs in 2025, 0.1% fewer than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in December, with highs near 34° and lows near 18°; warmest in July, with highs near 86° and lows near 50°. About 11 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Western Ag Rsch Ctr weather station, 2 miles away (NOAA).
Largest workplaces in Ravalli County
- Marcus Daly Memorial HospitalCritical access hospital535FTE
- Corixa Corporation (dBa GlaxoSmithKline Biologicals North America)Penicillin, uncompounded, manufacturing303
- Stock Farm ClubGolf and country clubs267
- Hamilton K-12 SchoolsSchool district207FTE
- TC RanchResort hotels without casinos205
- Corvallis K-12 SchoolsSchool district173FTE
- National Institutes of HealthFederal government · Department of Health and Human Services170
- Forest ServiceFederal government · Department of Agriculture155
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 22 workplaces with 20 or more staff, 2,496 people in all across the county; Corvallis has one of its own. Hospitals come from their Medicare cost reports (CMS, 2023), school districts from the Common Core of Data (NCES, 2023–24) and federal offices from OPM's federal workforce data (2026); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- WildfireVery high
- Cold wavesVery high
- Winter weatherVery high
- LightningRelatively high
- Ice stormsRelatively high
- LandslidesRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Corvallis’ census tracts, against the rest of the country; all of them together, relatively high. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Ravalli County.
Corvallis home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Corvallis$661,510
- Montana$467,275
- United States$366,157
Sellers are cutting prices on about 1 in 4 Corvallis listings — the market is roughly in balance.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Corvallis24.53%
- United States26.90%
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Corvallis56
New listings per month
Sellers arriving at the market.
- Corvallis9
Zip codes with a Corvallis address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Corvallis — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.
Zip codes in Corvallis
| Zip activate to sort by Zip | Place activate to sort by Place | Population sorted descending, activate to sort ascending | Rent activate to sort by Rent | Home value activate to sort by Home value |
|---|---|---|---|---|
| 59828 | Corvallis | 5,827 | — | $653,936 |
| 59875 | Victor | 3,764 | — | $656,045 |