Klamath Falls, OR housing market
Typical home value
$302K
▼ 0.2% 1 yr
Typical rent
$1,303/mo
▲ 1.4% 1 yr
Gross rent yield
5.2%
U.S. 6.3%
5-year home value change
+22%
U.S. +20%
Key takeaways
- 1The typical home in Klamath Falls is worth $302,160, down 0.2% over the past year and up 22% over five years.
- 2Typical rent is $1,303 a month (+1.4% YoY), a gross rent yield of 5.2% (above the Klamath Falls, OR metro's 5.1%).
- 3With 20% down at 7.32%, principal and interest on the typical home is about $1,661/mo, $358 more than typical rent.
- 4Zillow forecasts the Klamath Falls, OR metro's home values to change +0.8% over the next 12 months.
Market temperature (Klamath Falls, OR metro)
Strong buyer's market
Buyer'sNeutralSeller's
Zillow Market Heat Index: 27/100, #484 hottest of 546 metros. Below 44 favors buyers; above 55 favors sellers.
Home values and rent
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Klamath Falls compares
| Measure | Klamath Falls | Klamath Falls, OR metro | United States |
|---|---|---|---|
| Typical home value | $302,160 | $303,425 | $366,157 |
| Home value, 1-yr change | −0.2% | −0.1% | +1.2% |
| Typical rent | $1,303 | $1,295 | $1,932 |
| Rent, 1-yr change | +1.4% | +1.3% | +2.7% |
| Gross rent yield | 5.2% | 5.1% | 6.3% |
| Price-to-rent ratio | 19.3 | 19.5 | 15.8 |
| Mortgage P&I, typical home | $1,661 | $1,667 | $2,012 |
Run the numbers
Rental property calculator
Cash flow on a typical Klamath Falls rental, pre-filled.
Rent vs buy in Klamath Falls
Which costs less over the years you'll stay.
Mortgage calculator
Monthly payment on a $302K home.
City figures are Zillow's typical home value (ZHVI) and observed rent (ZORI). Gross yield is before expenses. Data refreshed Oct 26, 2026.