What is the Best Neighborhoods USA ranking for Central Park?
Central Park is ranked #15 of 16 eligible neighborhoods in Corvallis; #248 of 254 eligible neighborhoods in OR; and #13,950 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
Central Park
Corvallis, OR | Benton County
Scored premium profile
Best Neighborhoods USA Index
26.9
Stability and Strength
22.5
Value Opportunity
17.6
Momentum
47.2
Score note: Rankings show denominators so users always see the size of the eligible cohort.
| Context | Value |
|---|---|
| Location | Corvallis, OR |
| County | Benton County |
| National rank | #13,950 of 14,967 |
| State rank | #248 of 254 |
| City rank | #15 of 16 |
| County rank | #15 of 16 |
| National percentile | 6.8 |
| National band | LOWER_25_PERCENT |
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Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $554,069 |
| Year-over-year home value change | -1.1% |
| Month-over-month home value change | 0.45% |
| Home value to income ratio | 31.13 |
| Median household income | $17,800 |
| Bachelor's degree or higher | 52.0% |
| Civilian unemployment rate | 9.4% |
| Homeownership rate | 9.8% |
| Housing vacancy rate | 10.7% |
| Rent burden 30% or higher | 68.5% |
How to read this profile
- Ranks are always shown with denominators.
- Momentum reflects both year-over-year and month-over-month housing change.
- Stability and Strength and Value Opportunity are governed composite scores.
- Identity composition is descriptive intelligence and is not a scoring component.
Questions and Answers
Questions About Living in Central Park
Is Central Park one of the best neighborhoods in Corvallis?
Central Park has a Best Neighborhoods USA Index of 26.9 and a city ranking of #15 of 16 eligible neighborhoods in Corvallis.
How much are homes worth in Central Park?
The current Zillow Home Value Index for Central Park is approximately $554,069.
Are home values rising or falling in Central Park?
Zillow neighborhood values changed -1.1% year over year and 0.45% month over month.
What is the Neighborhood Momentum Score for Central Park?
Central Park has a Neighborhood Momentum Score of 47.2. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in Central Park?
The NDS-derived neighborhood median household income is approximately $17,800.
How affordable is Central Park relative to household income?
The current Zillow home-value-to-household-income ratio is 31.13. Price-to-income affordability is a major Value Opportunity input.
Is Central Park primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 9.8%.
What is the unemployment rate in Central Park?
The NDS-derived civilian unemployment rate is approximately 9.4%.
How educated are residents of Central Park?
Approximately 52.0% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in Central Park face high rent burden?
Approximately 68.5% of the applicable renter-household universe is estimated to spend 30% or more of household income on gross rent.
How does Best Neighborhoods USA score Central Park?
The overall index combines 40% Stability and Strength, 35% Value Opportunity, and 25% Momentum. Race, ethnicity, and identity composition are not scoring components.
Governed ranking context
How this neighborhood ranks
HMDA Mortgage Intelligence
Neighborhood Mortgage Market
Modeled neighborhood-level mortgage activity allocated from governed HMDA tract data using Zillow neighborhood geometry. These neighborhood values are nonadditive and do not enter the Best Neighborhoods USA Index.
Activity year2024
Estimated applications7
Estimated originations4
Home-purchase applications4
Origination rate57.1%
Home-purchase share60.9%
Average application loan$1,037,181
Total application loan amount$7,480,548
National application rank#13,166 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications 83.5% YoY; originations 31.9% YoY
Mortgage methodology
HMDA is natively reported at tract and other lender-reporting geographies, not Zillow neighborhood or ZIP geography. This module uses the certified NDS HMDA-to-Zillow tract-vintage crosswalk and area-weighted allocation. Rankings require governed geometry coverage. Applicant demographics are excluded. Neighborhood values may overlap and must not be summed to reconstruct ZIP or national totals.