Fastest-Appreciating ZIP Codes in Klamath Falls, OR (2026)
Ranked by 5-year compound annual growth in home values. Fast growth and strong cash flow rarely appear in the same ZIP — this is the other side of that trade.
| # | ZIP | City | Home value | Rent | Cap rate | 5-yr growth |
|---|---|---|---|---|---|---|
| 1 | 97634 | Midland, OR | $314,505 | $1,179 | 2.92% | 5.2% |
| 2 | 97603 | Klamath Falls, OR | $327,940 | $1,333 | 3.17% | 4.9% |
| 3 | 97601 | Klamath Falls, OR | $276,474 | $1,283 | 3.62% | 4.9% |
| 4 | 97737 | La Pine, OR | $282,376 | $1,206 | 3.33% | 4.7% |
| 5 | 97633 | Klamath Falls, OR | $287,146 | $999 | 2.71% | 4.6% |
| 6 | 97627 | Keno, OR | $354,827 | $1,035 | 2.28% | 4.5% |
| 7 | 97624 | Chiloquin, OR | $301,268 | $1,206 | 3.12% | 4.4% |
| 8 | 97632 | Malin, OR | $285,425 | $1,008 | 2.75% | 4.2% |
| 9 | 97623 | Bonanza, OR | $310,691 | $1,008 | 2.53% | 4.1% |
Ranked from Repit’s own ZIP-level data — Zillow home values and rents, HUD fair-market rents where Zillow has no coverage, and U.S. Census vacancy. Cap rate is gross: annual rent over purchase price, before financing and expenses. Every ZIP above links to its full free page. How we calculate this →
Same metro, different strategy
Cash Flow in Klamath Falls, OR · Affordable in Klamath Falls, OR
Or see the full Klamath Falls, OR metro profile.