Philomath, OR

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  • Performance
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Key Performance Metrics

Market snapshot

Performance indicators for the Philomath short-term rental market based on reliable data.

Listings

18 / 38

Reliable / Active

Cap Rate

8%

Middle-Earners Gross Yield

Revenue

$38,578

Middle-Earners Revenue

Occupancy

60%

Middle-Earners Occupancy

Home Value

$511,900

Median Home Sale Price

Top Earners

$59,043

Top-Earners Revenue

Philomath

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Philomath.

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C

Challenging to Investors

Philomath Regulations

BC's Short-Term Rental Accommodations Act creates a provincial framework with provincial licensing and a 90-day cap in municipalities without their own regulations. While STRs are technically legal, the combination of provincial oversight, municipal bylaws with varying restrictions (RDOS allowing in certain zones, CSRD requiring principal residence, SCRD requiring principal residence with tourism exempt areas), and moderate fees creates significant complexity that deters casual investors.

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About Philomath

Philomath ( fi-LOH-mith) is a city in Benton County, Oregon, United States. It was named for Philomath (Greek, "love of learning") College. The population was 4,584 at the 2010 census and was most recently estimated in 2019 to have a population of 5,666. It is part of the Corvallis, Oregon, Metropolitan Statistical Area.

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