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City · 19,927 residents · Klamath County, Oregon

Altamont , Oregon

In Altamont, a typical home is worth $249,200 and typical rent is $1,015 a month. Compared with all of Klamath County, the typical home value is 11% lower.

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  • Typical home value

    $249,200

    11% below the county

    48% below Oregon

    • Altamont
    • Klamath
    • Oregon

  • Typical rent

    $1,015a month

    2% above the county

    33% below Oregon

    • Altamont
    • Klamath
    • Oregon

  • Typical household income

    $58,629a year

    About the same as the county

    29% below Oregon

    • Altamont
    • Klamath
    • Oregon

  • Households that own their home

    71%

    1 points above the county

    7 points above Oregon

    • Altamont
    • Klamath
    • Oregon

Source: U.S. Census Bureau, Average 2020–2024

Altamont is in Klamath County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Klamath County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Altamont apart

What this place has that others do not, from public data, most unusual first.

  1. Altamont has the 5th lowest typical home value of the 105 cities in Oregon with more than 5,000 people ($249,200).

  2. Altamont has the 10th lowest typical rent of the 102 cities in Oregon with more than 5,000 people ($1,015).

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Altamont

What homes there are in Altamont, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

The detached house is the most common home in Altamont: 72% of homes, near the figure in Klamath County (71%).

Year built

In Altamont, half of the homes were built before 1972; in Klamath County, before 1974.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes

The FHA limit for Klamath County is high ($541,287): at least 97% of owner-occupied homes in Altamont are worth less than $500,000.

Monthly rent with utilities

With a mortgage

$1,355 a month

Klamath County: $1,464 a month

Without a mortgage

$395 a month

Klamath County: $430 a month

Owners with a mortgage

59%

Klamath County: 55%

In Altamont, 59% of owners have a mortgage, and their typical cost is $1,355 a month, against $1,464 in Klamath County. Without one it drops to $395.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

Homes in Altamont gained value more slowly than in Klamath County: 58% since 2015–2019, against 64%.

The typical rent in Altamont rose 29% since 2015–2019, about the same as in Klamath County (28%).

The typical household income in Altamont rose 25%: less than home values (+58%) and rent (+29%).

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureAltamontKlamath CountyOregonUnited States
Rental vacancy Unreliable estimateUnreliable estimate4.2%5.5%
Homeowner vacancy Unreliable estimateUnreliable estimate0.7%0.9%
More than one person per room 3.8%2.7%3.2%3.4%
People per household 2.472.382.422.53
Drive alone 80%78%65%69%
Carpool 9%9%9%9%
Public transit Unreliable estimateUnreliable estimate2%3%
Walk or bike Unreliable estimate4%5%3%
Work from home 9%9%19%15%
Other means Unreliable estimateUnreliable estimate1%2%
Typical commute 10 to 19 minutes10 to 19 minutes20 to 29 minutes20 to 29 minutes

More households are short on space in Altamont: 3.8% have more than one person per room; in Klamath County, 2.7%.

Much as in Klamath County, a household in Altamont has 2.47 people on average.

To get to work, 80% of workers in Altamont drive alone; in Klamath County, 78%.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Altamont?

A typical home costs more than the typical income allows

We start with a typical home in Altamont, worth $249,200, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 41% of the typical household income in Altamont, which is $58,629 a year. For that payment to be 28% of income, a household would need to earn about $86,176 a year.

The calculator's FHA and conventional loan limits are those of all of Klamath County.

Your numbers

Local data
$

Starts at the typical home value in Altamont. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $8,722 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$2,011

at 7.18% · 30 years

Loan amount
$244,686
Total interest
$352,046
Paid off in
November 2056

Includes $4,208 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $1,368 a month

  • Tight

    $1,368 to $1,759 a month

  • Hard

    more than $1,759 a month

    Your payment · 41%

Compared with the typical household income in Altamont ($58,629 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$2,011
Principal & interest$1,658
Property tax$139
Home insurance$104
FHA mortgage insurance (MIP)$110

You need at least $8,722 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Altamont and Klamath County

Altamont is in Klamath County, Oregon. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Altamont's own numbers

Typical home value
$249,200
Typical monthly rent
$1,015
Typical yearly household income
$58,629
Households that own their home
71%
Effective property tax rate
0.67%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Klamath County

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,134
Price change over 5 years (FHFA)
+51%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Klamath County.

Everything about Klamath County

Buying

Buying a home in Altamont

A typical home in Altamont is worth $249,200: 11% below the county and 48% below Oregon. With the typical household income in Altamont ($58,629 a year), a typical home costs 4.3 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Altamont 4.3 years
  • Klamath 4.8 years
  • Oregon 5.8 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Klamath County

According to FHFA’s house price index, home prices in Klamath County rose 108% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Klamath County.

Period County Oregon U.S.
Last year (2025) +1.4% +0.9% +2.9%
5 years (2020–2025) +51% +35% +47%
10 years (2015–2025) +108% +86% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Altamont next to Klamath County, Oregon and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Altamont $249,200
  • Klamath $280,400
  • Oregon $477,600
  • United States $332,700
Typical monthly rent
  • Altamont $1,015
  • Klamath $991
  • Oregon $1,525
  • United States $1,413
Typical yearly household income
  • Altamont $58,629
  • Klamath $58,830
  • Oregon $83,011
  • United States $80,734
See the full table
Altamont next to Klamath County and Oregon
Measure Altamont Klamath County Oregon U.S.
Typical home value $249,200 $280,400 $477,600 $332,700
Typical monthly rent $1,015 $991 $1,525 $1,413
Typical yearly household income $58,629 $58,830 $83,011 $80,734
Households that own their home 71% 69% 63% 65%
Typical yearly property tax $1,679 $1,752 $3,876 $3,119
Effective property tax rate 0.67% 0.62% 0.81% 0.94%
Renters with high rent for their income 55% 55% 52% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Klamath County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Altamont

For a typical $249,200 home in Altamont, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Altamont's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $2,011a month

    Least cash to close
    Down payment
    $8,722
    Cash to close
    $16,198
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $110

  • Conventional, 5% down $1,965a month

    Down payment
    $12,460
    Cash to close
    $19,936
    Rate
    7.18%
    Mortgage insurance
    PMI · $118

  • Conventional, 20% down, no PMI $1,594a month

    Down payment
    $49,840
    Cash to close
    $57,316
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $1,824a month

    Down payment
    $37,380
    Cash to close
    $44,856
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Altamont and for Klamath County.

Property tax

Effective rate in Altamont

0.67%of the home’s value each year

$1,679 a year for the typical owner in Altamont.

  • Altamont 0.67%
  • Klamath 0.62%
  • Oregon 0.81%

What Oregon publishes 3 percent cap on maximum assessed value (Measure 50) (Oregon Legislature (Oregon Revised Statutes))

Exemptions and deadlines in Oregon

Flood risk in Klamath County

FEMA does not publish these numbers by city: they are for all of Klamath County.

FEMA’s maps count no homes in the high-risk zone in Klamath County. That does not mean it cannot flood: check your address.

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Altamont

Typical rent in Altamont is $1,015 a month: 2% above the county. In Altamont, 55% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Klamath County, by unit size. To pay the 2-bedroom one ($1,134 a month) without spending more than 30% of your income, you would need to earn $21.81 an hour working full time.

HUD fair market rent for all of Klamath County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $790 $15.19 $31,600
1 bedroom $888 $17.08 $35,520
2 bedrooms $1,134 $21.81 $45,360
3 bedrooms $1,570 $30.19 $62,800
4 bedrooms $1,895 $36.44 $75,800

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Altamont

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Altamont is in ZIP code 97603.

For 2 bedrooms it is $1,180: $46 more than the fair market rent for Klamath County ($1,134).

  • 97603 $1,180$1,640

1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Altamont when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Free help

Help to buy or rent in Altamont

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

We found no HUD-approved agencies with an office in Klamath County. The nearest ones are below; many serve by phone or online.

A pregnant woman reads paperwork on the sofa while the grandmother plays with the girl on the floor.

HUD counseling is free or low-cost

Assistance programs in Altamont

No down payment, repair or rent-help program on our list is for Altamont or Klamath County. The ones below are statewide in Oregon: they work in Altamont the same as in the rest of the state.

Which programs do I qualify for? All programs in Oregon

  • OHCS Down Payment Assistance

    Statewide in Oregon

    Oregon state funds for the down payment and closing costs, delivered by local organizations: up to $60,000 or 20% of the price, sometimes as a grant or as a forgivable second mortgage, for first-time or first-generation buyers with income up to 100% of the area median. Offered by Oregon Housing and Community Services (OHCS).

    GrantForgivable

    See the program Official page

  • FirstHome (Flex Lending)

    Statewide in Oregon

    Oregon Housing and Community Services mortgage for low- and moderate-income first-time buyers, with down payment assistance of 4% or 5% of the loan as a second mortgage. Offered by Oregon Housing and Community Services (OHCS).

    Type not stated

    See the program Official page

  • NextStep (Flex Lending)

    Statewide in Oregon

    Oregon Housing and Community Services mortgage for any buyer, including people who have owned a home before, with down payment assistance of 4% or 5% of the loan as a second mortgage that can be forgivable or repayable. Offered by Oregon Housing and Community Services (OHCS).

    Type not stated

    See the program Official page

Housing counselors near Altamont

The HUD-approved agencies closest to the center of Altamont, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • CCCS of Southern Oregon

    820 Crater Lake Ave, Medford · 59 miles away

    • Reverse mortgage counseling
    (541) 779-2273

  • Access

    3630 Aviation Way, Medford · 59 miles away · Spanish

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 7 more
    (541) 779-6691

  • Neighborworks Umpqua

    605 SE Kane St, Roseburg · 108 miles away · Spanish

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 3 more
    (541) 673-4909

All counseling agencies in Oregon

Help in Spanish near Altamont

2 of the 3 agencies on this list say they serve in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Altamont

In HUD’s record, no housing authority with an office in Klamath County is named for Altamont or Klamath County.

One other authority has an office in Klamath County: see the list Source: HUD

Cities

Other cities in Klamath County

These cities are also in Klamath County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Klamath County Housing in Oregon

Nearby cities

The cities closest to Altamont, with the typical home value.

Neighboring counties

If Klamath County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Altamont.

All guides
A father and mother walk their son by the hand down the sidewalk.

Questions

Housing questions about Altamont

Short answers with the numbers for Altamont and all of Klamath County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Altamont?

The typical home value in Altamont is $249,200, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Klamath County it is $280,400.

How much does it cost to rent in Altamont?

Typical rent in Altamont is $1,015 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Klamath County is $1,134.

What is the FHA loan limit in Altamont?

Altamont uses the FHA limit for all of Klamath County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.

How much property tax do owners pay in Altamont?

The typical homeowner in Altamont pays $1,679 a year, according to the U.S. Census Bureau. That is 0.67% of the home’s value; in Klamath County, the rate is 0.62%.

Where can I find free help to buy or rent in Altamont?

We found no HUD-approved counseling agencies with an office in Klamath County; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).