Klamath Falls, OR Metro Area - Investment Guide
Metro Area • 8 Cities • 11 ZIP Codes
Avg Home Value
$296,397
Avg Monthly Rent
$1,135
Avg Cap Rate
3.01%
Avg Investability
2.8 ★
Cities
8
ZIP Codes
11
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Market Trends
Metro Home Value History
Metro Rent History
🏦 30-yr Fixed Rate:
6.76%
as of Sep 10
Source: Freddie Mac PMMS
☀️
WARM MARKET
Klamath Falls, OR Metro Area
Seller-favorable conditions, steady activity
0 days
Average time to sell
Very Fast
8.1%
Listings with price cuts
Few Cuts
0.0%
Sale price vs asking
Below Ask
0.0%
Income needed for mortgage
Affordable
📅
Market conditions data as of August 29, 2026 — updated weekly
Best ZIP codes in Klamath Falls, OR
Every ZIP in the metro, ranked four ways. Free.
Cities in Klamath Falls, OR
Top ZIP Codes by Investability
| ZIP Code | City | State | Home Value | Rent | Cap Rate | Rating |
|---|---|---|---|---|---|---|
| 97623 | Bonanza | OR | $310,691 | $1,008 | 2.53% | |
| 97634 | Midland | OR | $308,302 | $1,179 | 2.98% | |
| 97601 | Klamath Falls | OR | $269,295 | $1,145 | 3.32% | |
| 97624 | Chiloquin | OR | $301,268 | $1,206 | 3.12% | |
| 97603 | Klamath Falls | OR | $320,060 | $1,519 | 3.70% | |
| 97627 | Keno | OR | $354,827 | $1,035 | 2.28% | |
| 97737 | La Pine | OR | $280,392 | $1,206 | 3.35% | |
| 97632 | Malin | OR | $285,425 | $1,008 | 2.75% | |
| 97633 | Klamath Falls | OR | $287,146 | $999 | 2.71% | |
| 97623 | Bonanza | OR | $304,595 | $1,008 | 2.58% | |
| 97624 | Chiloquin | OR | $292,548 | $1,206 | 3.22% | |
| 97634 | Midland | OR | $314,505 | $1,179 | 2.92% | |
| 97601 | Klamath Falls | OR | $277,329 | $1,245 | 3.50% | |
| 97627 | Keno | OR | $345,888 | $1,035 | 2.33% | |
| 97737 | La Pine | OR | $282,376 | $1,206 | 3.33% | |
| 97603 | Klamath Falls | OR | $332,258 | $1,314 | 3.08% | |
| 97632 | Malin | OR | $276,957 | $1,008 | 2.84% | |
| 97633 | Klamath Falls | OR | $273,708 | $999 | 2.85% | |
| 97623 | Bonanza | OR | $313,498 | $1,008 | 2.51% | |
| 97634 | Midland | OR | $300,449 | $1,179 | 3.06% | |
| 97624 | Chiloquin | OR | $304,499 | $1,206 | 3.09% | |
| 97601 | Klamath Falls | OR | $269,669 | $1,314 | 3.80% | |
| 97603 | Klamath Falls | OR | $322,378 | $1,579 | 3.82% | |
| 97627 | Keno | OR | $355,954 | $1,035 | 2.27% | |
| 97737 | La Pine | OR | $274,922 | $1,206 | 3.42% | |
| 97632 | Malin | OR | $286,914 | $1,008 | 2.74% | |
| 97633 | Klamath Falls | OR | $288,445 | $999 | 2.70% | |
| 97623 | Bonanza | OR | $310,977 | $1,008 | 2.53% | |
| 97624 | Chiloquin | OR | $296,164 | $1,206 | 3.18% | |
| 97634 | Midland | OR | $314,948 | $1,179 | 2.92% | |
| 97601 | Klamath Falls | OR | $276,250 | $1,219 | 3.44% | |
| 97627 | Keno | OR | $354,869 | $1,035 | 2.27% | |
| 97737 | La Pine | OR | $280,873 | $1,206 | 3.35% | |
| 97603 | Klamath Falls | OR | $329,334 | $1,293 | 3.06% | |
| 97632 | Malin | OR | $282,666 | $1,008 | 2.78% | |
| 97633 | Klamath Falls | OR | $271,385 | $999 | 2.87% | |
| 97634 | Midland | OR | $303,620 | $1,179 | 3.03% | |
| 97623 | Bonanza | OR | $313,233 | $1,008 | 2.51% | |
| 97624 | Chiloquin | OR | $301,458 | $1,206 | 3.12% | |
| 97601 | Klamath Falls | OR | $269,669 | $1,314 | 3.80% | |
| 97603 | Klamath Falls | OR | $322,378 | $1,579 | 3.82% | |
| 97627 | Keno | OR | $350,857 | $1,035 | 2.30% | |
| 97737 | La Pine | OR | $278,596 | $1,206 | 3.38% | |
| 97632 | Malin | OR | $286,168 | $1,008 | 2.75% | |
| 97633 | Klamath Falls | OR | $288,021 | $999 | 2.71% | |
| 97623 | Bonanza | OR | $310,977 | $1,008 | 2.53% | |
| 97624 | Chiloquin | OR | $296,164 | $1,206 | 3.18% | |
| 97634 | Midland | OR | $313,567 | $1,179 | 2.93% | |
| 97601 | Klamath Falls | OR | $272,383 | $1,133 | 3.24% | |
| 97627 | Keno | OR | $354,869 | $1,035 | 2.27% |
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About Klamath Falls, OR Real Estate Market
The Klamath Falls, OR metropolitan statistical area (MSA) encompasses 8 cities and 11 ZIP codes. The average home value across the metro is $296,397, with an average monthly rent of $1,135. Explore individual cities and ZIP codes to find investment opportunities that match your criteria.