Total monthly cost of ownership
Cost to Own a Home in Klamath Falls, Oregon
A $257,000 home here costs
$1,965per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,321. The real number is $643 higher every month — 49% more than the payment most buyers budget for.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Klamath Falls against Klamath County and Oregon
| Measure | Klamath Falls | Klamath County |
|---|---|---|
| Median home value | $257,400 | $255,700 |
| Median property tax | $2,138 | $1,734 |
| Effective tax rate | 0.831% | 0.678% |
| Median gross rent | $962 | $973 |
| Population | 21,879 | 69,812 |
The weather behind that power bill
Klamath Falls sits in Klamath County, which averages a high of 84.9°F in its hottest month and a low of 18.6°F in its coldest, with 21.08" of precipitation a year and 52% of it in a single three-month stretch. That climate drives 98 cooling and 7,365 heating degree days, which is what sets the $146 electricity line above.
See the full climate breakdown for Klamath County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Klamath County
Common questions
How much does it cost to own a home in Klamath Falls?
A $257,000 home in Klamath Falls, Oregon costs approximately $1,965 per month with 20% down at 6.66%. That is $1,321 principal and interest, $178 property tax, $37 homeowners insurance, $214 utilities and $214 set aside for maintenance.
What is the property tax rate in Klamath Falls?
Klamath Falls has an effective property tax rate of 0.831%, based on a median home value of $257,400 and median real estate taxes of $2,138. That is higher than the Klamath County average of 0.678%.
What is the average home price in Klamath Falls?
The median owner-occupied home value in Klamath Falls, Oregon is $257,400, against $255,700 across Klamath County.
Is it cheaper to rent or buy in Klamath Falls?
Median gross rent in Klamath Falls is $962 a month, against $1,965 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Klamath Falls — US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance — NAIC average premium for Oregon.
- Electricity price — EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate — Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.