Market Intelligence · OR / Klamath Falls

Klamath Falls, OR 97603 Housing Market

The typical home in Klamath Falls 97603 is worth $327,940, up 1.9% over the past year. The median list price stands at $394,500, with homes spending a median of 58 days on market.

Updated August 2026Median value$324K

The median home value in Klamath Falls, OR 97603 is $324K as of August 2026, up 1.1% year over year, according to Zillow ZHVI. Get your own home's value and a real cash offer in about two minutes, with sources shown and no obligation.

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Typical 97603 range

$298K to $350K

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

+1.1% over 12 months

Typical home value in 97603 over the last 12 months: $321K in Aug 2025 to $324K in Aug 2026 (+1.1%).

Aug 2025$321K

Aug 2026$324K

The numbers

What is the 97603 housing market like?

Typical home value

$324K

Up1.1%YoY

Median list price

$395K

Up1.4%MoM

Days on market

58

Down1.7%MoM

Homes for sale

145

Up18.9%MoM

Price cuts

17.0%

Down20.4%MoM

New listings

44

Down4.3%MoM

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

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The comparison

How do 97603 home prices compare?

  • 97603$324,262
  • Klamath Falls$298,530
  • Oregon$458,140
  • United States$288,625

Median Zillow home value (ZHVI), as of August 2026. Comparison levels are medians across every ZIP code with Zillow data (Klamath Falls: 2 ZIPs; Oregon: 339 ZIPs; United States: 26,265 ZIPs).

Context

There are 145 homes for sale in 97603 as of August 2026, with 44 new listings added recently. The median days on market of 58 suggests homes are taking time to find buyers. About 17.0% of listings have seen a price cut, indicating some sellers are adjusting expectations. Despite modest appreciation over the past year, the current pace of sales suggests you should price competitively and be ready for a measured sales timeline.

Monthly payment

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20% · $64,852

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