Philomath, Oregon.
Typical home $522,166 (+0.6% in a year), asking rent $1,974 . Corvallis, OR metro.
to buy the typical home at today's mortgage rate — +$1,437 (+110%) since Jan 2020.
- 1 year
- Up $3,298 +1%
- $518,868$522,166 since Sep 2025
- 5 years
- Up $77,258 +17%
- $444,908$522,166 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.
- Philomath$2,741
- Oregon$2,586
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 22 years.
Typical home values in Philomath, OR rose 0.6% over the past year — slower than the nation's +1.2%.
Living in Philomath, Benton County, Oregon
Philomath is a city of 5,350 people in Benton County. Half its households earn more than $83,672 a year and half less, against $77,702 across Benton County; 7% of its people live below the poverty line. 68% of its homes are lived in by their owners and 32% are rented. Unemployment in Benton County was 4.5% in August 2026, and the county had 0.2% fewer jobs in 2025 than the year before. The most residents work in schools and health care, then professional services.
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 It can be wrong or out of date.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. Philomath is a small city in Benton County, with a median age somewhat younger than many American towns. Household incomes run higher than across the county, and most homes are lived in by their owners. A typical home costs a good deal, and a typical rent is not low either. Winters are cold and wet, with a little snow, and summers are warm.
Work. Many residents work in schools, hospitals and social care, with others in professional and business services, shops and manufacturing. Among the largest workplaces in Philomath are the Philomath school district, Pioneer Telephone Cooperative Office and B&G Logging & Construction. A good share of adults hold a four-year degree, and some people work from home.
Things to do. Reser Stadium is a short drive away, and so is the William L. Finley National Wildlife Refuge, a protected area for wildlife. The Marys River also lies a short drive from town. Peavy Arboretum, a botanical garden, is a longer drive.
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- 2,509households
- 51%of adults have a degree
- 7%below the poverty line
- 23 mintypical commute
- 12%work from home
What residents work in
Employed residents by industry, from the Census survey. Benton County had 38,560 jobs in 2025, 0.2% fewer than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in December, with highs near 46° and lows near 28°; warmest in August, with highs near 83° and lows near 46°. About 5 inches of snow and 69 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Corvallis Water Bureau weather station, 5 miles away (NOAA).
Largest workplaces in Philomath
- Philomath SD 17JSchool district227FTE
- Pioneer Telephone Cooperative OfficeTelecommunications carriers, wired40
- B&G Logging & ConstructionLogging35
- Lazarus 3DSurgical supplies manufacturing23
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 3 workplaces with 20 or more staff, 98 people in all. School districts come from the Common Core of Data (NCES, 2023–24); 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
- EarthquakesRelatively high
- Heat wavesRelatively moderate
- Inland floodingRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Philomath’s census tracts, against the rest of the country; all of them together, relatively moderate. 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 Benton County and the Corvallis, OR metro.
Philomath home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Philomath$522,166
- Oregon$492,753
- United States$366,157
Sellers are cutting prices on about 1 in 3 Philomath 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.
- Philomath33.78%
- United States26.90%
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Philomath31
New listings per month
Sellers arriving at the market.
- Philomath12
Zip codes with a Philomath address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Philomath — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.