Klamath Falls, OR—97601
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Klamath Falls, OR
As of Oct '25, the median home price in Klamath Falls, OR is $270,000, with a year-over-year change of 2.7%. This indicates that home prices in Klamath Falls, OR are increasing. According to Zillow, the 1-year price projection is 2.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $270,000 | 2.7% |
| Single Family | $270,000 | 2.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $146,000 | 3.5% |
2 Bed | $194,000 | -1.0% |
3 Bed | $320,000 | 3.2% |
4 Bed | $409,000 | 3.0% |
| 5 Bed | $464,000 | 1.5% |
% of Housing Stock
Rental Trends — Klamath Falls, OR
As of July '25, Rentcast reports the average rent in Klamath Falls, OR is $1,320, with a year-over-year rent change of 3.1%. Per bedroom, the median rent as of July '25 in Klamath Falls, OR is studios: $840, 1-bedrooms: $1,120, 2-bedrooms: $1,220, 3-bedrooms: $1,820, 4-bedrooms: $2,180. The most common rental property sizes in Klamath Falls, OR are 2-bedroom and 3-bedroom, accounting for 37.9% and 25.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,200 | $1,320 |
| Studio Rent | $815 | $840 |
| 1 Bed Rent | $1,100 | $1,120 |
| 2 Bed Rent | $1,180 | $1,220 |
| 3 Bed Rent | $1,850 | $1,820 |
| 4 Bed Rent | $2,000 | $2,180 |
% of Rental Stock
Property Listings — Klamath Falls, OR
As of Oct '25, Realtor.com reports that the median days on market for a home in Klamath Falls, OR is 91. This is a increase of 27.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 23.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $391,000 | -1.0% |
Listing Count | 225 | 49.0% |
| Listings as % of Homes | 0.8% | 49.0% |
Days on Market | 91 | 27.0% |
Demographics — Klamath Falls, OR
As of the latest ACS Survey released in 2023, Klamath Falls, OR has a population of 22,800, which has increased by 1.3% over the past 5 years. Klamath Falls, OR is a moderately popular place for families, as children make up 20.1% of the population. The area has a poorly educated workforce, with 24.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 22,800 | 1.3% |
% Under 18 | 20.1% | -0.5% |
% Seniors | 19.1% | 2.7% |
% WFH | 8.7% | 107.1% |
% w/ College Degree | 24.1% | 7.6% |
As of the latest ACS Survey released in 2023, Klamath Falls, OR is a predominantly white area, with 76.1% of the population identifying as white. The white population has shrunk by 5.5% in the last 5 years. The second most common race or ethnicity in Klamath Falls, OR is hispanic, making up 11.7% of the population. Foreign-born residents account for 4.5% of the population in Klamath Falls, OR, and this percentage has increased by 25.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 76.1% | -5.5% |
% Black | 0.7% | -50.0% |
% Hispanic | 11.7% | 3.5% |
% Asian | 1.6% | 60.0% |
% Foreign Born | 4.5% | 25.0% |
Mortgage and Risk — Klamath Falls, OR
According to HUD data as of 2023, there were 396 mortgage originations in Klamath Falls, OR, of which 72.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 30.0% above 90% LTV (very high). This implies large mortgage risk in Klamath Falls, OR. Investor activity is low, as 4.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 396 |
% Conventional Loans | 72.0% |
% Government Loans | 28.0% |
% Investor Loans | 4.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Klamath Falls, OR
Klamath Falls, OR lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 548 |
Total Units Section 8 | 508 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 98.7% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$280 | $1,100 | $820 |
| 2 Bedroom | -$100 | $1,180 | $1,080 |
| 3 Bedroom | -$340 | $1,850 | $1,510 |
| 4 Bedroom | -$190 | $2,000 | $1,810 |
Affordability — Klamath Falls, OR
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.7 |
| Median Home Price | $270,000 |
| Median Household Income | $53,300 |