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
With 21,399 people, 9,015 houses or apartments, and a median cost of homes of $145,554, Klamath Falls real estate values are some of the lowest in Oregon, although compared to real estate around the nation, Klamath Falls homes are still considered rather expensive.
Single-family detached homes are the single most common housing type in Klamath Falls, accounting for 64.63% of the city's housing units. Other types of housing that are prevalent in Klamath Falls include large apartment complexes or high rise apartments ( 13.28%), duplexes, homes converted to apartments or other small apartment buildings ( 10.17%), and a few row houses and other attached homes ( 6.80%).
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 between 1940-1969 ( 29.04%). A lesser amount of the housing stock also hails from before 1939 ( 26.36%). There's also some housing in Klamath Falls built between 2000 and later ( 8.65%).
Vacant housing appears to be an issue in Klamath Falls. Fully 11.41% of the housing stock is classified as vacant. Left unchecked, vacant Klamath Falls homes and apartments can be a drag on the real estate market, holding Klamath Falls real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
Homes have actually lost value in Klamath Falls over the last then years, as home values have seen a decline of 23.20% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Klamath Falls home appreciation rates at 0.46%, which equates to an annual appreciation rate of 1.84%.
Appreciation rates are so strong in Klamath Falls that despite a nationwide downturn in the housing market, Klamath Falls real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Klamath Falls appreciation rates continue to be some of the highest in America, at 5.82%, which is higher than appreciation rates in 72.53% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Klamath Falls. Klamath Falls appreciation rates in the latest quarter were at 0.46%, which equates to an annual appreciation rate of 1.84%.
Relative to Oregon, our data show that Klamath Falls's latest annual appreciation rate is lower than 80% 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.
|$870,001 - $1,160,000||0.4|
|$580,001 - $870,000||1.4|
|$464,001 - $580,000||1.7|
|$348,001 - $464,000||7.4|
|$232,001 - $348,000||13.4|
|$116,001 - $232,000||40.0|
|$58,001 - $116,000||27.2|
|$0 - $58,000||8.4|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Klamath Falls HOMES|
|2000 or Newer||8.6|
|1970 - 1999||36.0|
|1940 - 1969||29.0|
|1939 or Older||26.4|
|TYPE OF Klamath Falls HOMES|
|Small Apt. Buildings||10.2|
|SIZE OF Klamath Falls HOMES|
|5 or more bedrooms||2.74|