Klamath Falls, OR—97633
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 $271,000, with a year-over-year change of 2.8%. 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 | $271,000 | 2.8% |
| Single Family | $272,000 | 3.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $182,000 | 0.6% |
3 Bed | $285,000 | 3.3% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Klamath Falls, OR
As of July '25, Rentcast reports the average rent in Klamath Falls, OR is $1,110, with a year-over-year rent change of 5.7%. Per bedroom, the median rent as of July '25 in Klamath Falls, OR is 1-bedrooms: $850, 2-bedrooms: $1,000, 3-bedrooms: $1,350. The most common rental property sizes in Klamath Falls, OR are 2-bedroom and 3-bedroom, accounting for 46.6% and 34.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,000 | $1,110 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $850 | $850 |
| 2 Bed Rent | $1,000 | $1,000 |
| 3 Bed Rent | $1,350 | $1,350 |
| 4 Bed Rent | N/A | N/A |
% 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 96. This is a increase of 60.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $135,000 | -46.0% |
Listing Count | 6 | 129.0% |
| Listings as % of Homes | 0.6% | 129.0% |
Days on Market | 96 | 60.0% |
Demographics — Klamath Falls, OR
As of the latest ACS Survey released in 2023, Klamath Falls, OR has a population of 1,460, which has increased by 19.3% over the past 5 years. Klamath Falls, OR is a popular place for families, as children make up 29.1% of the population. The area has a poorly educated workforce, with 13.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,460 | 19.3% |
% Under 18 | 29.1% | 61.7% |
% Seniors | 11.9% | -46.4% |
% WFH | 11.5% | 144.7% |
% w/ College Degree | 13.2% | -23.7% |
As of the latest ACS Survey released in 2023, Klamath Falls, OR is a predominantly white area, with 57.9% of the population identifying as white. The white population has shrunk by 6.8% in the last 5 years. The second most common race or ethnicity in Klamath Falls, OR is hispanic, making up 37.5% of the population. Foreign-born residents account for 13.2% of the population in Klamath Falls, OR, and this percentage has decreased by 36.2% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 57.9% | -6.8% |
% Black | 2.2% | ∞% |
% Hispanic | 37.5% | 2.7% |
% Asian | 0.0% | N/A |
% Foreign Born | 13.2% | -36.2% |
Mortgage and Risk — Klamath Falls, OR
According to HUD data as of 2023, there were 18 mortgage originations in Klamath Falls, OR, of which 89.0% of loans were conventional mortgages. The average loan-to-value was 51.0%, with 11.0% above 90% LTV (elevated). This implies medium mortgage risk in Klamath Falls, OR. Investor activity is low, as 0.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 18 |
% Conventional Loans | 89.0% |
% Government Loans | 11.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 6.0% |
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 | 5 |
Total Units Section 8 | 5 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$90 | $850 | $760 |
| 2 Bedroom | $0 | $1,000 | $1,000 |
| 3 Bedroom | $50 | $1,350 | $1,400 |
| 4 Bedroom | N/A | N/A | $1,680 |
Affordability — Klamath Falls, OR
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.1 |
| Median Home Price | $271,000 |
| Median Household Income | $61,100 |