Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$303,425−0.1% YoY · prices are flat
Market right nowBuyer's marketMore homes for sale than last year, 18% have cut their price
Income needed to buy, per year$65,776About 1.0× the local median income ($64,076): a stretch for a typical household
Days on market99 daysSlower than a year ago: buyers have time to negotiate
The typical home in Klamath County, OR is worth $303,425, about the same as a year ago. That is well above what local incomes have historically supported: fair value is about $270,486, so the area is 12.2% overvalued. It is a buyer's market: homes take about 99 days to sell, listings are up 0% from a year ago, 18% of listings have had a price cut. A household needs about $65,776 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $64,076. Typical rent is $1,295 a month. In the latest IRS figures, 65 more people moved in than out.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$303,425
Change in 1 year
−0.1%
Overvalued %
+12.2%
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Fair home value
$270,486
Change in 5 years
+21.4%
Home value to income
4.7×
Monthly mortgage payment (20% down)
$1,644
Income needed to afford it
$65,776
Property tax rate
0.62%
Rent and investing
Typical rent
$1,295
Price-to-rent ratio
19.5×
HUD Fair Market Rent, 2 bedrooms
$1,134
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Gross rental yield
5.12%
Cap rate (estimate)
3.33%
Market activity
Listings vs a year ago
+0.2%
Days on market
99
Listings with a price cut
17.7%
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Homes for sale
510
Pending sales per 100 listings
20
Asking price per sq ft
$224
People and jobs
Median household income
$64,076
Population change (1 year)
−0.1%
Unemployment rate
7.2%
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Population
70,274
Income adjusted for cost of living
$65,922
Net moves in (IRS)
+65
Cost of living (US = 100)
97.2
Schools, risk and environment
School rating (1 to 10)
5.4
FEMA hazard risk score (0 to 100)
77.9
Unhealthy air days a year
3
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Flood risk score
78.5
Wildfire risk score
94.4
Walkability (1 to 20)
9.8
Road, rail and air noise
52 dB
Questions people ask
Is Klamath County, OR overvalued?
Home prices in Klamath County, OR are well above what local incomes have historically supported: fair value is about $270,486, so the area is 12.2% overvalued.
Is Klamath County, OR a buyer's or seller's market?
Klamath County, OR is a buyer's market: homes take about 99 days to sell, listings are up 0% from a year ago, 18% of listings have had a price cut.
Are home prices going down in Klamath County, OR?
Home values in Klamath County, OR are down 0.1% over the last year.
How much do you need to earn to buy a home in Klamath County, OR?
A household needs about $65,776 a year to afford the typical home in Klamath County, OR at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $64,076.