Klamath County, Oregon Housing Market Prices
Klamath County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 25% below the Oregon median$304,477
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Median rent 35% below the Oregon median Cheaper than 74% of counties in Oregon$990
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Klamath County | Oregon Avg | US Average |
|---|---|---|---|
| Median Home Price | $304,477 | $406,603 | $248,835 |
| Price Trend (Annual %) | 9.9% | 9.4% | 7.5% |
| Median Gross Rent | $990 | $1,525 | $1,407 |
| Rent Trend (Annual %) | 4.0% | 6.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Klamath County is about 25% lower than in Oregon. Rent is about 35% lower than the Oregon average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Klamath County, up about 9.9% and 4.0% a year respectively. Home prices are changing faster.
Median rent in Klamath County rose about 36.9% between 2015 and 2024, from $723 to $990. Over the same span, rent in Oregon rose about 68.2%.
Affordability
On average, housing unit costs 5.2 yearly household incomes in Klamath County.
Buying the median-priced home in Klamath County costs roughly 25.6 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Klamath County. The price-to-rent ratio in Oregon is about 22.2.
| Metric | Klamath County | Oregon Avg | US Average |
|---|---|---|---|
| Median Home Price | $304,477 | $406,603 | $248,835 |
| Median Household Income | $58,700 | $83,617 | $80,455 |
| Price-to-Income Ratio | 5.2 | 4.9 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Klamath County rose about 197.8%, while median household income rose about 32.7% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Klamath County | Oregon Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 60.7% | 58.6% | 58.5% |
| Rental Rate | 26.7% | 33.9% | 31.2% |
| Vacancy Rate | 12.6% | 7.5% | 10.2% |
| Median Tenure (years) | 14.0 | 13.0 | 15.0 |
| Median Year Moved In | 2012 | 2013 | 2011 |
Klamath County has a homeownership rate of 60.7%, higher than the Oregon average of 58.6%. Its housing vacancy rate is 12.6%, compared with 7.5% in Oregon.
Housing Stock
| Metric | Klamath County | Oregon Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.38 people | 2.41 people | 2.53 people |
| Median Structure Built Year | 1972 | 1980 | 1978 |
| Median Number of Rooms | 5.3 | 5.3 | 5.5 |
The typical housing unit in Klamath County was built around 1972. On average, 2.4 people live in a home with about 5.3 rooms, staying for about 14.0 years on average.
Klamath County, OR Housing Compared With Nearby Counties
Klamath County, OR is the 3rd largest of the 6 counties compared here, 70,242 residents against a local median of 43,469. Klamath County, OR's median home price, at $304,477, runs 22% below the $392,504 typical of the counties around it.
The counties themselves spread $435,564 on median home price, so Klamath County, OR sits at one end of an already wide local range rather than apart from it. Klamath County, OR has the 4th highest median home price of the 6 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Klamath County, OR | 70,242 | $304,477 #4/6 | $990 #4/6 | 69.4% #3/6 |
| Jackson County, OR | 222,645 | $392,504 | $1,358 | 65.9% |
| Lake County, OR | 8,267 | $183,451 | $877 | 67.3% |
| Deschutes County, OR | 206,229 | $619,015 | $1,787 | 70.0% |
| Siskiyou County, CA | 43,469 | $196,249 | $1,091 | 69.2% |
| Modoc County, CA | 8,600 | $434,285 | $835 | 77.4% |
Frequently Asked Questions
Common questions about the housing market in Klamath County, Oregon.
What is the median home price in Klamath County, Oregon?
The median home price in Klamath County, Oregon is $304,477, lower than the Oregon average of $406,603.
What is the average home price in Klamath County, Oregon?
The typical home price in Klamath County, Oregon, reported as the median sale price, is $304,477. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Klamath County, Oregon?
The median gross rent in Klamath County, Oregon is $990 per month, lower than the Oregon average of $1,525.
What was the median gross rent in Klamath County in 2020?
In 2020, the median gross rent in Klamath County, Oregon was $780 per month.
What is the price-to-rent ratio in Klamath County, Oregon?
The price-to-rent ratio in Klamath County, Oregon is about 25.6, meaning it would take roughly 25.6 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Klamath County.
Are home prices or rent rising faster in Klamath County, Oregon?
Both home prices and rent are rising in Klamath County, up about 9.9% and 4.0% a year respectively. Home prices are changing faster.
What is the homeownership rate in Klamath County, Oregon?
60.7% of households in Klamath County, Oregon own their home, higher than the Oregon average of 58.6%.
What is the vacancy rate in Klamath County, Oregon?
The housing vacancy rate in Klamath County, Oregon is 12.6%, higher than the Oregon average of 7.5%.
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