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These days, finding an affordable place to live in the Klamath Falls area can be challenging. Home prices in Klamath Falls are now at a median cost of $289,911, lower than the Oregon average of $502,078.
The average cost of rent is $1,130/mo in Klamath Falls, primarily driven by the current value of real estate in the Klamath Falls area. In Klamath Falls, 39.82% of households rent, and 43.00% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Klamath Falls is $5,326 per month. Households that rent pay about 21.22% of their income on rent here. Klamath Falls’s most expensive areas are in the northwestern regions, while the cheapest areas are in the southern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Pelican City, OR: higher priced homes
- Altamont, OR: less expensive homes
- Wocus, OR: higher priced homes
- Midland, OR: equally priced homes
- Falcon Heights, OR: less expensive homes
- Olene, OR: higher priced homes
- Shady Pine, OR: higher priced homes
- Lake of the Woods, OR: equally priced homes
- Keno, OR: higher priced homes
- Dairy, OR: equally priced homes
Cities with Similar Populations
- Alabaster, AL: less expensive homes
- Zionsville, IN: higher priced homes
- Youngsville, LA: equally priced homes
- Yabucoa, PR: less expensive homes
- Woodway, TX: higher priced homes
- Woodburn, OR: higher priced homes
- Winterville, NC: equally priced homes
- Windsor, CT: equally priced homes
- Winchester, NV: higher priced homes
- Wilmette, IL: higher priced homes
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