Rental numbers for the Klamath Falls, OR metro
The typical home here runs -$1,070 a month at 7.78% with 25% down. 0 of 2 ZIP codes with full Zillow data in this metro are cash-flow positive; the median gross yield is 5.3%.
- Gross yield
- 5.0%
- typical home, Zillow
- Median ZIP yield
- 5.3%
- 2 ZIPs with full data
- Cash flow
- -$1,070/mo
- at 7.78%, 25% down
- Typical price
- $309,000
- Zillow ZHVI, Aug 2026
- Typical rent
- $1,272/mo
- Zillow ZORI, Aug 2026
ZIP codes in the metro
13 with published figures
| 97622Bly | $212,000 | $1,120* | 6.3% | 3.4% | -$551 | n/a |
| 97639Bonanza | $238,000 | $1,230* | 6.2% | 3.3% | -$632 | n/a |
| 97737La Pine | $278,000 | $1,340* | 5.8% | 3.3% | -$741 | n/a |
| 97621Sprague River | $262,000 | $1,250* | 5.7% | 2.9% | -$775 | n/a |
| 97601Klamath Falls | $273,000 | $1,251 | 5.5% | 2.7% | -$850 | +1.7% |
| 97624Chiloquin | $297,000 | $1,340* | 5.4% | 2.8% | -$911 | n/a |
| 97603Klamath Falls | $324,000 | $1,402 | 5.2% | 2.5% | -$1,074 | n/a |
| 97634Midland | $312,000 | $1,310* | 5.0% | 2.5% | -$1,038 | n/a |
| 97633Klamath Falls | $280,000 | $1,110* | 4.8% | 2.1% | -$1,019 | n/a |
| 97632Malin | $289,000 | $1,120* | 4.7% | 2.1% | -$1,041 | n/a |
| 97623Bonanza | $306,000 | $1,120* | 4.4% | 2.0% | -$1,147 | n/a |
| 97627Keno | $348,000 | $1,150* | 4.0% | 1.5% | -$1,443 | n/a |
| 97733Chemult | $411,000 | $1,250* | 3.6% | 1.3% | -$1,781 | n/a |
* HUD Fair Market Rent, 2 bedroom, where Zillow publishes no rent index. Conservative.
Trends
Five years to August 2026
- Price, 12 months
- +0.6%
- Rent, 12 months
- +1.7%
- Rent minus price growth
- +1.1 pts
- Property tax
- 0.63%
- effective rate, ACS 2024
Show the numbers
| Month | Typical value | Rent |
|---|---|---|
| Aug 2021 | $251,081 | n/a |
| Aug 2022 | $284,856 | n/a |
| Aug 2023 | $287,797 | $1,177 |
| Aug 2024 | $296,898 | $1,205 |
| Aug 2025 | $306,810 | $1,251 |
| Aug 2026 | $308,629 | $1,272 |
Counties
- Klamath County, OR5.3% median yield
Tools
Questions
- Is the Klamath Falls, OR metro good for rental property?
- The typical home here runs -$1,070 a month at 7.78% with 25% down. 0 of 2 ZIP codes with full Zillow data in this metro are cash-flow positive; the median gross yield is 5.3%. Figures assume a typical home, 7.78% with 25% down and the default costs on the methodology page.
- Which ZIP codes in the Klamath Falls, OR metro have the highest rental yield?
- 97601 (Klamath Falls) at 5.5%, 97603 (Klamath Falls) at 5.2%, on Zillow value and rent. The full table above sorts by any column.
Sources and method
- Zillow Home Value Index (ZHVI), mid tier, smoothed and seasonally adjusted
Zillow Research. Read: 2026-08.
Typical home value by ZIP, county, metro and state, and the price trend.
- Zillow Observed Rent Index (ZORI), all homes plus multifamily, smoothed
Zillow Research. Read: 2026-08.
Typical market rent by ZIP, county and metro, and the rent trend (tier A pages).
- HUD Small Area Fair Market Rents, FY2026
US Department of Housing and Urban Development. Read: FY2026.
Rent by bedroom count for every ZIP. The rent used on tier B pages, and a reference on all pages. It is the 40th percentile gross rent, so it runs below market.
- American Community Survey 5-year estimates, 2020 to 2024 (B25103 median real estate taxes paid, B25077 median home value, B11001 households)
US Census Bureau. Read: 2020 to 2024.
Effective property tax rate (median taxes paid divided by median value) by ZIP code tabulation area, county and state; households for the permits ratio.
- Freddie Mac Primary Mortgage Market Survey, 30-year fixed (FRED series MORTGAGE30US)
Freddie Mac via the Federal Reserve Bank of St. Louis. Read: 2026-09-24.
The weekly 30-year rate. The site adds a disclosed investor premium to it for the loan payment.
Data: Zillow Research (ZHVI, ZORI), HUD, US Census Bureau, Freddie Mac. Every formula is on the methodology page.
Estimates from public data for a typical property. Not investment, tax or legal advice. Your property, financing and costs will differ.