Quick facts: Klamath falls, OR

Quick Facts

111
Cost of Living
above US average
21,977
Population
32.49
Crime Rate per 1000
above US average
$46,695
Median Income
below US average
$190,000
Median House Price
above US average
$11988.34
Average Rent
above US average
18%
Poverty Rate
above US average
5.2%
Unemployment Rate
above US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $46,695.

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Income Needed to Buy

βœ— Stretch
$60k/year
Based on $190,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $60k vs median $46,695
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Income Needed to Rent

⚠ Stretch
$514k/year
Based on $11988.34/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $514k vs median $46,695
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Klamath falls, OR

Klamath Falls is a charming city located in southern Oregon, nestled near the eastern edge of the Cascade Mountains. It serves as the county seat of Klamath County and is renowned for its stunning natural beauty, featuring a backdrop of mountains, lakes, and forests. The city is positioned near the tranquil Upper Klamath Lake and is a gateway to diverse outdoor activities, including hiking, fishing, and birdwatching, especially at the nearby Tule Lake National Wildlife Refuge. With a rich history rooted in Native American culture and early settlement, Klamath Falls offers a blend of heritage and modern amenities. The downtown area boasts locally-owned shops, restaurants, and cultural venues, such as the Klamath County Museum. The city is also known for its vibrant arts community, hosting events and festivals throughout the year. Education is emphasized in Klamath Falls, featuring institutions like Oregon Institute of Technology, known for its engineering and technology programs. Additionally, the area enjoys a semi-arid climate, with warm summers and cold, snowy wintersβ€”perfect for residents and visitors who enjoy four distinct seasons.

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