Klamath Falls, OR Housing Market
Cool MarketMetro-level monthly sale metrics for rental investors — prices, inventory, pace, and negotiation signals. Figures represent the Klamath Falls, OR metro area.
Data period: May 2026
Market snapshot
- Median sale price
- $325K
- Median days on market
- 54 days
- Months of supply
- 5.0
- Active inventory
- 325
- Homes sold
- 65
- Sale-to-list ratio
- 96.7%
- Listings with price drop
- 28.6%
- Data month
- May 2026
Pair this view with the rental property calculator, DSCR calculator, and cap rate calculator — or browse all calculators.
Rental Investor Snapshot
Labels below come from monthly sale-market indicators only. True cash flow requires local rent, taxes, insurance, vacancy, and expense assumptions — model those in the rental calculator, then sanity-check against sale-speed signals here.
- Market temperature
- Balanced
- Buyer leverage
- High
- Pricing signal vs. U.S. median
- Easier buy-in vs. U.S. median (price only)
- Investor fit (heuristic)
- Buy-in vs. U.S. · Negotiation · BRRRR
Watch-outs
- Elevated price cuts can signal negotiation room — verify condition, rents, and comps street-by-street.
Suggested next step: Run a rental property analysis with your own rent, financing, vacancy, and expense assumptions — then sanity-check against this market's sale-speed and negotiation signals.
Cool Market
Buyer activity is slowing, creating more negotiating room.
Klamath Falls, OR market summary
The Klamath Falls, OR metro area housing market is cooling down. As of May 2026, the median home sale price is $325K, down 1.5% year-over-year. Homes are spending a median of 54 days on the market, 107.7% longer than a year ago.
There are 325 homes for sale — 14.7% fewer than last year. With 5.0 months of supply, this is a balanced market. 111 new listings were added during this period, down 27.0% year-over-year.
Homes are selling for 96.7% of their list price on average, suggesting room for negotiation. 21.5% of homes sell above their asking price. 28.6% of listings have had a price drop.
Market Opportunity Score
Based on current market conditions
86
Contributing Factors
How This Market Compares
vs. National Median
vs. Oregon Median
Investor takeaway
The cooling market may present buying opportunities with less competition and more negotiating leverage. A significant share of sellers are cutting prices, which can signal motivated sellers and potential deals. Prices are 28% below the national median on this sale snapshot — that can mean lower buy-in, but cash flow still depends on local rent, financing, and expenses.
Klamath Falls, OR market trends
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Detailed market metrics
Median list price
$425K
Price per sq ft
$208
Sale-to-list ratio
96.7%
Months of supply
5.0
Sold above list
21.5%
Price drops
28.6%
New listings
111
↓ 27.0% YoY
Pending sales
92
Off market in 2 weeks
28.3%
Klamath Falls, OR housing market FAQs
What is the median home price in Klamath Falls, OR?
For the latest published month, the median sale price in Klamath Falls, OR is $325K. Median means half of homes sold above that price and half below — it is a useful benchmark, not a rule for every listing.
Is Klamath Falls, OR a buyer's or seller's market?
With about 5.0 months of supply, the market is often closer to balanced — neither extreme scarcity nor extreme surplus.
How long do homes stay on the market in Klamath Falls, OR?
For the latest published month, the median days on market in Klamath Falls, OR is 54 days — half of homes went pending faster and half slower.
Is Klamath Falls, OR good for rental property investors?
Sale-market stats show how competitive buying is (speed, negotiation, inventory). They do not prove rent performance. Klamath Falls, OR can still work for rentals if the numbers work on a deal-by-deal basis — use local rent comps, financing, vacancy, and expenses in the rental property calculator.
How should investors analyze a rental property in Klamath Falls, OR?
Start with purchase price, financing, rent, vacancy, operating expenses, and capital repairs. Stress-test rates and rent. Will It Flow’s rental property calculator is built to translate those inputs into cash flow, DSCR, cap rate, and cash-on-cash return for Klamath Falls, OR deals.
Compare more Oregon metro markets
Explore nearby sale-market pace and pricing, then run a shortlist through the rental property calculator.
Portland, OR
$570K · 19d on market
Bend, OR
$680K · 29d on market
Salem, OR
$458K · 51d on market
Eugene, OR
$463K · 15d on market
Medford, OR
$447K · 36d on market
Albany, OR
$425K · 56d on market
Roseburg, OR
$350K · 42d on market
Newport, OR
$480K · 53d on market
National context
Step up to the U.S. housing market hub for national trends, then browse top metro markets by sales activity.
Underwrite a Klamath Falls, OR deal with real numbers
Use Will It Flow for cash flow, DSCR, cap rate, and cash-on-cash return — free and fast.
Housing market data provided by Redfin, a national real estate brokerage. Not financial advice. Always consult a qualified professional before making investment decisions.