Corvallis, MT
Population 1,356 · Montana
About Corvallis, MT
Corvallis is a small town located in Montana with a population of 1,356 residents according to the latest US Census Bureau American Community Survey data. The median household income is $83,011 per year, which is 10% above the national median of $75,149. The median age of 35 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Corvallis features a median home value of $237,900, which is 3% below the national median of $244,900. This positions Corvallis in a moderately priced market relative to the rest of the country. Median monthly rent is $1,275, 10% above the national average of $1,163/month. Of the 526 total housing units, 64% are owner-occupied (317 units) and 36% are renter-occupied (176 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Corvallis shows an unemployment rate of 4.2%, which is near the national rate of 3.7%. The poverty rate stands at 10.5%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Corvallis have an average one-way commute time of 52.7 minutes, suggesting many residents commute to jobs in a nearby metro area.
Education & Demographics
15.7% of Corvallis residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 2.0% White, 5.5% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
Cost of Living in Corvallis, MT
Compared to national averages, Corvallis has a median household income of $83,011 (10% above the national median of $75,149). Home values average $237,900, which is 3% below the national median. Monthly rent at $1,275 is 10% above the US average of $1,163. Within Montana, Corvallis's income is 26% above the state average of $65,821, and home values are 18% below the state median of $288,703.
Why Live in Corvallis, MT?
Corvallis offers a strong local economy with a median household income of $83,011, well above the national average, and affordable housing with a median home value of $237,900, below the US average of $244,900, and a low poverty rate of 10.5%, better than the national average.
Corvallis has a population of 1,356 with a median age of 35 years. Compare Corvallis with other cities to see how it stacks up, or explore all cities in Montana.
Similar Cities Near Corvallis
Cities in Montana with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Seeley Lake | 1,335 | $46,031 | $270,400 | Compare |
| Boulder | 1,326 | $61,250 | $194,800 | Compare |
| Fort Belknap Agency | 1,434 | $0 | $73,000 | Compare |
| Bonner-West Riverside | 1,445 | $59,609 | $162,100 | Compare |
| West Yellowstone | 1,457 | $57,167 | $402,600 | Compare |
| Chinook | 1,460 | $71,500 | $205,900 | Compare |
| Fort Benton | 1,470 | $67,171 | $201,900 | Compare |
| Wye | 1,222 | $106,667 | $520,700 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Montana
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Corvallis With Other Cities
Frequently Asked Questions about Corvallis
What is the population of Corvallis, MT?
The population of Corvallis, MT is 1,356 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Montana.
What is the median household income in Corvallis?
The median household income in Corvallis, MT is $83,011 per year, which is 10% above the national median of $75,149.
What is the median home value in Corvallis?
The median home value in Corvallis, MT is $237,900, which is 3% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Corvallis?
The median monthly rent in Corvallis, MT is $1,275, which is 10% above the national average of $1,163/month.
What is the unemployment rate in Corvallis?
The unemployment rate in Corvallis, MT is 4.2%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Corvallis, MT a good place to live?
Corvallis offers above-average incomes, affordable housing, and growing employment opportunities. With a population of 1,356 and a median age of 35, the city appeals to a broad range of residents.
How educated is Corvallis, MT?
15.7% of residents in Corvallis aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Corvallis?
Key cost-of-living indicators for Corvallis, MT: median home value is $237,900 (3% below national), median rent is $1,275/month, and median household income is $83,011. The home-value-to-income ratio is 2.9x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Corvallis?
The poverty rate in Corvallis, MT is 10.5%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Corvallis, MT?
Corvallis's population is 2.0% White, 5.5% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 0.0% of residents are foreign-born.