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Market Intelligence · OR / Klamath Falls

Klamath Falls, OR 97603 Housing Market

Homes in Klamath Falls, OR 97603 have a typical value of $319,025, up 0.4% over the past year. The median list price stands at $379,450, with homes spending a median of 57 days on market as of September 2026.

Updated September 2026Median value$319K

The median home value in Klamath Falls, OR 97603 is $319K as of September 2026, up 0.4% year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

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Typical 97603 range

$294K to $345K

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

+0.4% over 12 months

Typical home value in 97603 over the last 12 months: $318K in Sep 2025 to $319K in Sep 2026 (+0.4%).

Sep 2025$318K

Sep 2026$319K

The numbers

What is the 97603 housing market like?

Typical home value

$319K

Up0.4%YoY

Median list price

$379K

Down3.8%MoM

Days on market

57

Down1.7%MoM

Homes for sale

146

Up0.7%MoM

Price cuts

21.9%

Up29.3%MoM

New listings

34

Down22.7%MoM

Sources · Zillow ZHVI (September 2026) / Realtor.com (September 2026) / FRED (October 2026)

The outlook

97603 housing market forecast 2027

+0.6%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 97603 to rise 0.6% by September 2027.

Over the 12 months through September 2026, typical home values in 97603 rose 0.4%, per the Zillow Home Value Index.

Will home prices drop in 97603?

Zillow's forecast does not call for a drop: it expects typical home values in 97603 to rise 0.6% by September 2027, after a 0.4% rise over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

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The comparison

How do 97603 home prices compare?

  • 97603$319,025
  • Klamath Falls$293,823
  • Oregon$456,438
  • United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Klamath Falls: 2 ZIPs; Oregon: 339 ZIPs; United States: 26,262 ZIPs).

Context

The market is carrying 146 homes for sale with 34 new listings in September 2026. Nearly one in five listings, at 21.9%, have seen price reductions. The median days on market of 57 suggests steady interest but not rapid turnover. Despite modest appreciation over the past year, the prevalence of price cuts indicates sellers should be realistic about positioning and pricing to attract buyers in this moderate-paced market.

Monthly payment

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20% · $63,805

Common questions

What people ask us.

What is the typical home value in 97603?

As of September 2026, the typical home value in Klamath Falls, OR 97603 is $319,025, which represents a 0.4% increase over the past year.

How long do homes typically stay on the market here?

Homes in this ZIP code spend a median of 57 days on market.

What share of listings have price cuts?

As of September 2026, 21.9% of listings in 97603 have a price cut.

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