Klamath County, Oregon Housing Market
In Klamath County, Oregon, the median home value is $280,400, with a median monthly rent of $991. This places Klamath County at #726 nationally out of 3134 counties by median home value, and #28 within Oregon.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $984
- Establishments: 2,036
- BLS QCEW, 2025
Housing Supply
- Single-family: 95
- Multi-family: 8
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 26,811 (avg $61,896)
- Outflow: 24,765 (avg $62,268)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 3 active ZIP codes in Klamath County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 97624 | 290.8 | +7.94% | 2025 |
| 2 | 97603 | 295.2 | +1.87% | 2025 |
| 3 | 97601 | 283.1 | +2.18% | 2025 |
Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.
💰 Ready to Finance a Purchase?
See the 2026 FHA and conforming loan limits for Klamath County, plus monthly payment estimates at today's mortgage rates.
View Mortgage Guide for Klamath County →How Klamath County Compares
| Metric | Klamath County | Oregon Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $280,400 | $386,691 | $227,706 |
| Median Gross Rent | $991 | $1,190 | $968 |
| Owner Occupancy Rate | 69.4% | 68.4% | 73.3% |
| Price/Rent Ratio | 23.6 | 26.8 | 18.7 |
Market Analysis
The median home value in Klamath County is 27.5% below the Oregon state average and 23.1% above the U.S. national average. The median rent of $991/month is 16.7% below the state average.
With a price-to-rent ratio of 23.6, renting is generally more cost-effective than buying in the short to medium term. The market favors buyers only for long-term holds.
Klamath County has an owner-occupancy rate of 69.4%, compared to 68.4% in Oregon and 73.3% nationally. This indicates a more renter-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Montgomery County | Tennessee | $280,200 | $1,308 |
| Cheshire County | New Hampshire | $280,100 | $1,276 |
| Bennington County | Vermont | $279,900 | $1,109 |
| Limestone County | Alabama | $281,000 | $970 |
| Mohave County | Arizona | $281,000 | $1,091 |
Other Counties in Oregon
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Umatilla County | $282,600 | $997 | 67.9% |
| Baker County | $285,600 | $865 | 71.5% |
| Wheeler County | $272,400 | $870 | 71.8% |
| Union County | $294,600 | $982 | 65.5% |
| Douglas County | $310,300 | $1,055 | 72.7% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).