41Alpha

Klamath Falls, OR metro area Housing Market Brief

metro · as of May 2026

Balanced

What is Klamath Falls, OR metro area’s Alpha Score?

The Alpha Score is a composite 0–100 index of market strength, a weighted blend of five dimensions. See the methodology.

Price Momentum20%
+6.733
Inventory Health25%
+15.358
Affordability20%
17
Economic Strength20%
No data
50
Rental Yield15%
44

Where is Klamath Falls, OR metro area in its market cycle?

EmergingGrowingMaturePeakingDecliningRecovering

Klamath Falls, OR metro area is classified as Recoveringturning back up after a downturn. This is a classification of recent (1–12 month) momentum, not a price forecast.

Klamath Falls, OR metro area housing market data

MetricValueYoY
Median Sale Price$325K-1.5%
Median Days on Market54 days▲ +107.7%
Months of Supply5.0-34.2%
Homes for Sale325-14.7%
Homes Sold65▲ +30%
Median Price / Sq Ft$208-2.9%
Sale-to-List Ratio96.7%-2.2%

How has Klamath Falls, OR metro area’s Alpha Score moved?

Now: 41
4-period trend
Median sale price · 12 mo

Markets like Klamath Falls, OR metro area

Frequently asked questions

Is Klamath Falls, OR metro area a buyer's or seller's market?

As of May 2026, Klamath Falls, OR metro area is classified as a Balanced Market, based on its Alpha Score of 41 out of 100. The classification reflects current price, inventory, affordability, economic, and rental-yield conditions.

Are home prices rising or falling in Klamath Falls, OR metro area?

The median sale price in Klamath Falls, OR metro area is $325K, having fallen 1.5% over the past year.

How affordable is Klamath Falls, OR metro area?

Klamath Falls, OR metro area scores 17 out of 100 on affordability — relatively unaffordable relative to local incomes and prevailing mortgage rates compared with other metros.

What's driving Klamath Falls, OR metro area's Alpha Score?

Klamath Falls, OR metro area's strongest dimension is Inventory Health (58/100) and its weakest is Affordability (17/100). The Alpha Score is a weighted blend of all five dimensions.

Want the live, interactive view of Klamath Falls, OR metro area? Open the full market dashboard — charts, ZIP-level drill-down, and watchlist tracking. Explore the map or read the methodology.