Klamath Falls, OR

This city of 22,482 residents needs 1,059 more housing units over the next five years.

Housing snapshot

Population
22,482 (2026)
Households
9,408
Median household income
$51,514 (2026)
Typical home value
$272,797
Owner-occupied
45%
Five-year housing need
1,059 units

Comparison to other Oregon municipalities

Klamath Falls: $51,514 Median income (2026 estimate)
<$41K >$160K
Klamath Falls: 1.32 jobs to household ratio
<0.16 >2.12
Klamath Falls: No permit data
<0.1% >14.7%
On this page

How affordable is this community?

At $272,797, homes in Klamath Falls, OR cost well below the Oregon average of $422,996. With a median household income of $51,514 in Klamath Falls, OR, housing costs are a modest stretch for the typical household.

This chart tracks whether housing prices are keeping pace with local incomes. The gap between what homes cost and what households can afford reveals affordability trends over time.

How is the population changing?

Klamath Falls, OR has a population of roughly 22,115 that has been largely stable in recent years.

Population growth patterns reveal how communities are evolving. This chart shows historical population changes by age group and projects future trends based on demographic patterns.

How has employment changed over time?

Jobs by industry sector since 2012. Switch between local jobs — counted where the jobs are located — and resident jobs, counted where the workers live. On the local view the most recent year is a nowcast: it grows the latest local LODES job mix forward using recent county employment growth from QCEW and the BLS local employment series, so the newest point tracks today's economy instead of data that is roughly two years old.

How are households changing by income?

Klamath Falls, OR has roughly 9,408 households and a population that has been largely stable in recent years.

Understanding how households at different income levels are growing or declining helps identify which groups face the greatest housing pressure and where new housing is most needed.

Who lives here today?

In Klamath Falls, OR, detached single-family accounts for 66% of the housing stock. Klamath Falls, OR is roughly split between owners and renters, at 45% owner-occupied.

Households may have different structure type preferences depending on characteristics such as household size, income, employment, presence of children, age of individuals, and lifestyle choices. Understanding the housing stock in corresponding terms helps assess how well existing units align with existing households' ideals.

What does the housing stock look like?

The mix of housing types and ownership patterns shapes a community's character. This chart breaks down housing units by structure type and whether they're owner-occupied or rented.

How much new housing supply is needed?

To keep up with growth and fill current housing shortages, Klamath Falls, OR needs 1,059 new units over the next 5 years.

747
Units needed to keep up with expected growth
Projected total household growth from 2026 to 2031.
7.9%
Projected household growth rate
Expected increase in total households from 9,408 in 2026 to 10,155 in 2031.
312
Units to address shortages in existing housing stock
Production needs to address vacancy rates and other factors.
49
Replacement housing
Effective annual loss rate is 1.0 per 1,000 units.
20
Ownership vacancy adjustment
Owner-occupied vacancy is 1.1%. This is below the minimum stable target of 1.5%.
237
Rental vacancy adjustment
Rental vacancy is 2.9%. This is below the minimum stable target of 7.4%.
6
Substandard housing adjustment
Substandard housing rate is 1.05%. This is above National avg. of 0.98%.
1,059
Total 5-year housing production need (2026-2031)
212
Annual production pace
Average units needed per year to meet 5-year need
10.6%
Total housing unit growth
Percent increase in housing stock over 5 years
2.1%
Annual housing unit growth
Average percent increase in housing stock per year

How does this place compare to similar communities?