Mortgage Calculator & Closing Costs: Klamath Falls, OR
Mortgage payment estimates, closing cost breakdowns, and homebuying data for Klamath Falls, Oregon.
Median Home Price
$265K
Population
22K
Avg Monthly Rent
$1,020
Property Tax Rate
0.93% *
* Property tax shown is the Oregon state average effective rate. Actual rates vary by county, city, and school district — check with your local assessor for exact rates in Klamath Falls.
Klamath Falls vs Oregon Median
The median home price in Klamath Falls is $265,000, which is 45% below the Oregon state median of $480,000.
Mortgage Calculator — Klamath Falls, OR
Pre-filled with Klamath Falls median home price and Oregon tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $265K home using Oregon's 0.93% tax rate and $1,400/yr insurance.
5% Down
$2,060/mo
Down: $13,250
Loan: $252K
P&I: $1,591
Tax: $205
Insurance: $117
PMI: $147
10% Down
$1,969/mo
Down: $26,500
Loan: $239K
P&I: $1,507
Tax: $205
Insurance: $117
PMI: $139
20% Down (No PMI)
$1,662/mo
Down: $53,000
Loan: $212K
P&I: $1,340
Tax: $205
Insurance: $117
Income needed (28% rule): $71K/year with 20% down, $84K/year with 10% down.
Rent vs Buy in Klamath Falls
Rent
$1,020/mo
vs
Buy (10% down)
$1,969/mo
Price-to-rent ratio: 21.7 — At a ratio above 20, renting may be more economical in Klamath Falls for shorter stays. Buying costs $949 more per month than renting, and it typically takes 5-7 years to break even on the transaction costs of buying.
The median home price in Klamath Falls is $265,000, 45% below the Oregon state median of $480,000. With a population of 21,813, Klamath Falls is a smaller market where home prices tend to be more accessible than in many parts of Oregon.
Property taxes in Oregon average 0.93% annually. This moderate property tax rate means a $265,000 home in Klamath Falls would carry roughly $205/month in property taxes. Homeowners insurance in Oregon runs approximately $1,400 per year. This is within the normal range nationally.
Average rent in Klamath Falls is $1,020/month. With a price-to-rent ratio above 20, renting could be more economical in the short term — use our Rent vs Buy calculator to model your specific timeline.
Klamath Falls presents moderate affordability. The $265K median puts homeownership within reach for median-income households, though down payment savings and closing costs require planning.
Run a Rent vs Buy analysis
Compare total costs of renting vs buying in Klamath Falls.