In Klamath Falls, a typical home is worth $287,000 and typical rent is $986 a month. Compared with all of Klamath County, typical household income is 21% lower and the share of households that own their home is 21 points lower.
Typical home value from Zillow, September 2021 to September 2026: from $247,920 to $302,160.
Typical rent
$1,303a month
▲ 1.4% more than 12 months ago
Typical rent from Zillow, June 2023 to September 2026: from $1,200 to $1,303.
From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).
Klamath Falls 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
What this place has that others do not, from public data, most unusual first.
1
Klamath Falls has the 2nd lowest typical household income of the 105 cities in Oregon with more than 5,000 people ($46,693).
2
49% of households in Klamath Falls own their home, against 69% in Klamath County.
3
Klamath Falls has the 8th lowest typical rent of the 102 cities in Oregon with more than 5,000 people ($986).
Sources: U.S. Census Bureau (Average 2020–2024).
The homes here
Housing in Klamath Falls
What homes there are in Klamath Falls, 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
Detached houseAttached houseBuilding of 2 to 4Apartments (5 or more)Mobile homeBoat, RV and otherUnreliable estimate
Klamath Falls
Klamath County
Oregon
United States
Kind of home: Klamath Falls and its comparisons
Measure
Klamath Falls
Klamath County
Oregon
United States
Detached house
66%
71%
63%
61%
Attached house
2%
2%
5%
6%
Building of 2 to 4
14%
7%
7%
8%
Apartments (5 or more)
15%
6%
18%
19%
Mobile home
3%
14%
7%
6%
Boat, RV and other
Unreliable estimate
Unreliable estimate
0%
0%
In Klamath Falls, 7 in 10 homes are single-family detached houses; in Klamath County, 7.
Year built
Before 19601960–19791980–19992000–20092010 or later
Klamath Falls
Klamath County
Oregon
United States
Year built: Klamath Falls and its comparisons
Measure
Klamath Falls
Klamath County
Oregon
United States
Before 1960
46%
32%
23%
26%
1960–1979
24%
30%
26%
24%
1980–1999
16%
21%
25%
25%
2000–2009
10%
12%
14%
14%
2010 or later
4%
5%
12%
11%
In Klamath Falls, half of the homes were built before 1965; in Klamath County, before 1974.
Homes in Klamath Falls are smaller: 47% have 3 bedrooms or more; in Klamath County, 59%.
What it costs here
U.S. Census Bureau, ACS 5-year, 2020–2024
Value of owner-occupied homes
Under the limitOver the limitUnreliable estimate
Under $100K10%
$100K–$200K17%
$200K–$300K27%
$300K–$500K37%
$500K–$750K6%
FHA limit: $541,287
$750K–$1MUnreliable
$1M or moreUnreliable
Value of owner-occupied homes: Klamath Falls and its comparisons
Measure
Klamath Falls
Under $100K
10%
$100K–$200K
17%
$200K–$300K
27%
$300K–$500K
37%
$500K–$750K
6%
$750K–$1M
Unreliable estimate
$1M or more
Unreliable estimate
By price, most homes in Klamath Falls sit under the FHA limit for Klamath County ($541,287): about 92%.
Monthly rent with utilities
Under the limitOver the limitUnreliable estimate
Under $5009%
$500–$99943%
$1,000–$1,49929%
HUD fair market rent, 2 bedrooms: $1,134
$1,500–$1,99913%
$2,000–$2,499Unreliable
$2,500–$2,999Unreliable
$3,000 or moreUnreliable
Monthly rent with utilities: Klamath Falls and its comparisons
Measure
Klamath Falls
Under $500
9%
$500–$999
43%
$1,000–$1,499
29%
$1,500–$1,999
13%
$2,000–$2,499
Unreliable estimate
$2,500–$2,999
Unreliable estimate
$3,000 or more
Unreliable estimate
HUD's 2-bedroom fair market rent (FMR) for Klamath County is $1,134: about 59% of rents in Klamath Falls are below it.
With a mortgage
$1,552 a month
Klamath County: $1,464 a month
Without a mortgage
$462 a month
Klamath County: $430 a month
Owners with a mortgage
65%
Klamath County: 55%
Owning costs more in Klamath Falls: with a mortgage, the typical cost is $1,552 a month; in Klamath County, $1,464. Without one, $462.
How it changed
U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024
Change since 2015–2019
Typical home value
Klamath Falls+80%
Klamath County+64%
Oregon+53%
United States+53%
Typical rent
Klamath Falls+29%
Klamath County+28%
Oregon+37%
United States+33%
Typical household income
Klamath Falls+13%
Klamath County+27%
Oregon+32%
United States+29%
Change since 2015–2019: Klamath Falls and its comparisons
Measure
Klamath Falls
Klamath County
Oregon
United States
Typical home value
+80%
+64%
+53%
+53%
Typical rent
+29%
+28%
+37%
+33%
Typical household income
+13%
+27%
+32%
+29%
Since 2015–2019, homes in Klamath Falls gained value faster than in Klamath County: 80% against 64%.
Much as in Klamath County, the typical rent in Klamath Falls rose 29% since 2015–2019.
Housing prices ran ahead of income in Klamath Falls: typical income rose 13%, against +80% for home values and +29% for rent.
How people live
U.S. Census Bureau, ACS 5-year, 2020–2024
How people live: Klamath Falls and its comparisons
Measure
Klamath Falls
Klamath County
Oregon
United States
Rental vacancy
Unreliable estimate
Unreliable estimate
4.2%
5.5%
Homeowner vacancy
Unreliable estimate
Unreliable estimate
0.7%
0.9%
More than one person per room
2.8%
2.7%
3.2%
3.4%
People per household
2.30
2.38
2.42
2.53
Drive alone
74%
78%
65%
69%
Carpool
11%
9%
9%
9%
Public transit
Unreliable estimate
Unreliable estimate
2%
3%
Walk or bike
7%
4%
5%
3%
Work from home
6%
9%
19%
15%
Other means
Unreliable estimate
Unreliable estimate
1%
2%
Typical commute
10 to 19 minutes
10 to 19 minutes
20 to 29 minutes
20 to 29 minutes
Much as in Klamath County, 2.8% of households in Klamath Falls have more than one person per room.
A household in Klamath Falls has 2.30 people on average, about the same as in Klamath County (2.38).
In Klamath Falls, 7% of workers walk or bike to work; in Klamath County, 4%.
Do the math
What would you pay each month for a home in Klamath Falls?
A typical home costs more than the typical income allows
We start with a typical home in Klamath Falls, worth $287,000, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 60% of the typical household income in Klamath Falls, which is $46,693 a year. For that payment to be 28% of income, a household would need to earn about $100,170 a year.
The calculator's FHA and conventional loan limits are those of all of Klamath County.
Change the price, the down payment or the loan: the payment updates right away.
Your numbers
Local data
$
Starts at the typical home value in Klamath Falls. Change it to the price you have in mind.
Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.
Down payment
%
That is $10,045 (3.5% of the price). The usual minimum for this loan is 3.5%.
This week's average ± a quarter or half point.
National average as of November 5, 2026 (Freddie Mac); your rate may be different.
Adjust advanced details⌄
Estimated monthly payment
Local data
$2,337
at 7.18% · 30 years
Loan amount
$281,802
Total interest
$405,447
Paid off in
November 2056
Includes $4,847 FHA upfront mortgage insurance premium.
Does it fit the income?
Comfortable
up to $1,090 a month
Tight
$1,090 to $1,401 a month
Hard
more than $1,401 a month
Your payment · 60%
Compared with the typical household income in Klamath Falls ($46,693 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.
Monthly payment breakdown
Principal & interest
$1,909
Property tax
$182
Home insurance
$120
FHA mortgage insurance (MIP)
$127
You need at least $10,045 for the down payment, plus closing costs.
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.
Total monthly payment $2,337; principal and interest $1,909.
The city and its county
Klamath Falls and Klamath County
Klamath Falls 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).
Klamath Falls
Map of Klamath County, Oregon, with Klamath Falls marked. Around it, the neighboring counties.
Klamath Falls
Klamath County
Other cities with a page
Klamath Falls's own numbers
Typical home value
$287,000
Typical monthly rent
$986
Typical yearly household income
$46,693
Households that own their home
49%
Effective property tax rate
0.76%
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.
A typical home in Klamath Falls is worth $287,000: 2% above the county and 40% below Oregon. With the typical household income in Klamath Falls ($46,693 a year), a typical home costs 6.1 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.
Klamath Falls6.1 years
Klamath4.8 years
Oregon5.8 years
United States4.1 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.
Yearly change in FHFA’s price index in Klamath County, 2016 to 2025
2016: +4.8% +4.8% 2016
2017: +7.6% +7.6% 2017
2018: +6.4% +6.4% 2018
2019: +7.4% +7.4% 2019
2020: +6.8% +6.8% 2020
2021: +16.0% +16.0% 2021
2022: +17.5% +17.5% 2022
2023: +0.0% +0.0% 2023
2024: +9.3% +9.3% 2024
2025: +1.4% +1.4% 2025
Change in FHFA’s price index in Klamath County, Oregon and the United States
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
Klamath Falls 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
Klamath Falls$287,000
Klamath$280,400
Oregon$477,600
United States$332,700
Typical monthly rent
Klamath Falls$986
Klamath$991
Oregon$1,525
United States$1,413
Typical yearly household income
Klamath Falls$46,693
Klamath$58,830
Oregon$83,011
United States$80,734
See the full table
Klamath Falls next to Klamath County and Oregon
Measure
Klamath Falls
Klamath County
Oregon
U.S.
Typical home value
$287,000 ▲2% above the county
$280,400
$477,600
$332,700
Typical monthly rent
$986
$991
$1,525
$1,413
Typical yearly household income
$46,693 ▼21% below the county
$58,830
$83,011
$80,734
Households that own their home
49% ▼21 points below the county
69%
63%
65%
Typical yearly property tax
$2,188 ▲25% above the county
$1,752
$3,876
$3,119
Effective property tax rate
0.76% ▲0.14 points above the county
0.62%
0.81%
0.94%
Renters with high rent for their income
59% ▲4 points above the county
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 Klamath Falls
For a typical $287,000 home in Klamath Falls, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Klamath Falls's typical property tax, an example home insurance and mortgage insurance when it applies.
FHA, 3.5% down$2,337a month
Least cash to close
Down payment
$10,045
Cash to close
$18,655
Rate
7.18%
Mortgage insurance
FHA MIP · $127
Conventional, 5% down$2,285a month
Down payment
$14,350
Cash to close
$22,960
Rate
7.18%
Mortgage insurance
PMI · $136
Conventional, 20% down, no PMI$1,857a month
Down payment
$57,400
Cash to close
$66,010
Rate
7.18%
Mortgage insurance
None
ITIN, 15% down (example)$2,122a month
Down payment
$43,050
Cash to close
$51,660
Rate
8.18%
Mortgage insurance
None
Four ways to pay for a typical home in Klamath Falls
Loan
Monthly payment
Down payment
Loan amount
Rate
Mortgage insurance
Cash to close
Minimum score
FHA, 3.5% down Least cash to close
$2,337
$10,045
$281,802
7.18%
FHA MIP · $127
$18,655
580
Conventional, 5% down
$2,285
$14,350
$272,650
7.18%
PMI · $136
$22,960
620*
Conventional, 20% down, no PMI
$1,857
$57,400
$229,600
7.18%
None
$66,010
620*
ITIN, 15% down (example)
$2,122
$43,050
$243,950
8.18%
None
$51,660
Set by the lender
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.
Typical rent in Klamath Falls is $986 a month: about the same as the county. In Klamath Falls, 59% 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.
What you need to earn to pay it without spending more than 30% of income, working full time.
HUD fair market rent in Klamath County (Fiscal year 2027)
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 Klamath Falls
HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Klamath Falls has 2 ZIP codes with their own.
For 2 bedrooms it runs from $1,130 in 97601 to $1,180 in 97603.
1 of the 2 is above the fair market rent for Klamath County ($1,134).
Fair market rent by ZIP code and size in Klamath Falls, fiscal year 2027.
97601
$780
$870
$1,130
$1,570
$1,890
97603
$820
$920
$1,180
$1,640
$1,980
ZIP code2 bd3 bd
97601 $1,130$1,570
97603 $1,180$1,640
2 of these ZIP codes cross the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Klamath Falls 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 2027Small Area Fair Market Rents (HUD) (external site)Source: Census Bureau ZCTA-to-place relationship fileData from 2020 dataCensus Bureau ZCTA-to-place relationship file (external site)
HUD lists 9 buildings with rents for lower incomes in Klamath Falls. These are the largest.
High Valley Estates1333 Avalon St, Klamath Falls 9760374 low-income homes · 2 bd: 12 · 3 bd: 25 · In service since 2013 · For people with disabilities, families(541) 883-3106
Crestview Commons3900 Hilyard Ave, Klamath Falls 9760364 homes, 63 low-income · 1 bd: 10 · 2 bd: 42 · 3 bd: 12 · In service since 2004 · For older adults, families
Applegate Trail Apts4520 Bristol Ave, Klamath Falls 9760350 homes, 49 low-income · 1 bd: 6 · 2 bd: 27 · 3 bd: 16 · In service since 1995 · For older adults, people with disabilities, families
Klamath View Retirement Center2175 N Eldorado Ave, Klamath Falls 9760140 low-income homes · For older adults(541) 883-4809
Lake Park Towers203 Main St, Klamath Falls 9760139 low-income homes · For older adults(541) 882-2335
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.
No down payment, repair or rent-help program on our list is for Klamath Falls or Klamath County. The ones below are statewide in Oregon: they work in Klamath Falls the same as in the rest of the state.
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).
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).
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).
The HUD-approved agencies closest to the center of Klamath Falls, in a straight line, nearest first. If one says it serves in Spanish, its card says so.
No legal help resource on our list is for Klamath Falls or Klamath County in particular.
If you have a problem with your landlord, an eviction notice or a scam, the Legal Services Corporation (LSC) search shows the free legal aid offices that serve your area.
Short answers with the numbers for Klamath Falls 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 Klamath Falls?
The typical home value in Klamath Falls is $287,000, 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 Klamath Falls?
Typical rent in Klamath Falls is $986 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 Klamath Falls?
Klamath Falls 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 Klamath Falls?
The typical homeowner in Klamath Falls pays $2,188 a year, according to the U.S. Census Bureau. That is 0.76% of the home’s value; in Klamath County, the rate is 0.62%.
Where can I find free help to buy or rent in Klamath Falls?
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.
