Klamath Falls, OR housing market
The typical Klamath Falls home is worth about $307,000, up 0.6% in a year, 38% below the Oregon typical home. Homes typically sell in 72 days, below asking.
Home values, sales, trends and how Klamath Falls compares with the towns next door — updated as new data is published.
Klamath Falls at a glance
A seller's market
Supply is tight — about 3.6 months of homes for sale at the current pace. Buyers should expect competition on well-priced homes.
Typical home value, 2016–2026
Show as a table
| January | Klamath Falls | Oregon |
|---|---|---|
| 2017 | $153,000 | $313,000 |
| 2018 | $164,000 | $337,000 |
| 2019 | $179,000 | $354,000 |
| 2020 | $191,000 | $369,000 |
| 2021 | $218,000 | $411,000 |
| 2022 | $261,000 | $480,000 |
| 2023 | $279,000 | $490,000 |
| 2024 | $289,000 | $495,000 |
| 2025 | $300,000 | $504,000 |
| 2026 | $308,000 | $500,000 |
| August 2026 | $307,000 | $496,000 |
Klamath Falls and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | Median income |
|---|---|---|---|---|
| Klamath Falls | $307K | +0.6% | $1,240 | $46,693 |
| Altamont | — | +1.9%† | $1,310 | $58,629 |
† FHFA price index change, where Zillow has no home value for the town.
6.6 years of income
The typical Klamath Falls home costs about 6.6 years of the town's median household income, more than across Oregon (6 years).
How Klamath Falls ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,240
HUD's Fair Market Rent for a two-bedroom in Klamath Falls is $1,240 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Klamath Falls pay a median of $986, so moving in tends to cost more than staying put. A two-bedroom takes about 32% of the town's median household income, above the 30% guideline for affordable housing.
Studio $860 · 4 bedrooms $2,080
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (97601, 97603; Klamath County, OR), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Recent listings in Klamath Falls
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.