Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 21,977 people, 8,885 houses or apartments, and a median cost of homes of $342,591, Klamath Falls real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Klamath Falls, accounting for 63.74% of the city's housing units. Other types of housing that are prevalent in Klamath Falls include large apartment complexes or high rise apartments ( 16.73%), duplexes, homes converted to apartments or other small apartment buildings ( 13.50%), and a few row houses and other attached homes ( 3.93%).
People in Klamath Falls primarily live in small (one, two or no bedroom) single-family detached homes. Klamath Falls has a mixture of owner-occupied and renter-occupied housing.
There is a lot of housing in Klamath Falls built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Klamath Falls built before 1939 ( 27.88%). A lesser amount of the housing stock also hails from between 1940-1969 ( 24.41%). There's also some housing in Klamath Falls built between 2000 and later ( 12.71%).
In the last 10 years, Klamath Falls has experienced some of the highest home appreciation rates of any community in the nation. Klamath Falls real estate appreciated 115.26% over the last ten years, which is an average annual home appreciation rate of 7.97%, putting Klamath Falls in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Klamath Falls definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Over the last year, Klamath Falls appreciation rates have trailed the rest of the nation. In the last twelve months, Klamath Falls's appreciation rate has been 3.13%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Klamath Falls were at 2.47%, which equates to an annual appreciation rate of 10.23%.
Importantly, this makes Klamath Falls one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
Relative to Oregon, our data show that Klamath Falls's latest annual appreciation rate is higher than 90% of the other cities and towns in Oregon.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Klamath Falls differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Klamath Falls - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Klamath Falls real estate investment or home purchase decisions.
$342,591
for Oregon
for nation
8,885
$1,274 / per month