Klamath Falls, OR

  • Overview
  • Performance
  • Listings
  • Buy Box

Key Performance Metrics

Market snapshot

Performance indicators for the Klamath Falls short-term rental market based on reliable data.

Listings

211 / 466

Reliable / Active

Cap Rate

9%

Middle-Earners Gross Yield

Revenue

$26,722

Middle-Earners Revenue

Occupancy

63%

Middle-Earners Occupancy

Home Value

$311,681

Median Home Sale Price

Top Earners

$50,872

Top-Earners Revenue

Klamath Falls

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Klamath Falls.

Loading top listings...

B

Generally Investor friendly

Klamath Falls Regulations

Klamath Falls explicitly permits STRs citywide with a straightforward ministerial permit and business license ($200 first year; $50 annual renewal) and simple inspections. The rules are clear and enforcement is consistent, but the 10% density cap within 250 feet, two-unit-per-property limit, and non-transferable permits add moderate constraints that modestly raise investor risk but remain manageable.

View Klamath Falls Regulations →

Local STR Agent

STR specialist · Klamath Falls, OR

Trusted Expert
Get Expert Help In Klamath Falls
Free consultation Response within 24h

About Klamath Falls

Klamath Falls is a small but historically rich city in southern Oregon, serving as the county seat of Klamath County. The city has a population of approximately 21,000 residents, though the surrounding Klamath Basin draws visitors and second-home owners from across the broader rural region. Often called "Oregon's City of Sunshine" for its relatively clear skies compared to the rainier parts of the state, Klamath Falls sits in a high-desert basin near the California border. The area is best known as a gateway to some of the Pacific Northwest's most striking natural landscapes, most famously Crater Lake National Park. It lies roughly 80 miles east of Medford, the nearest mid-sized city, and about 250 miles south of Portland.

Crater Lake National Park sits about 45 miles north of Klamath Falls, or roughly an hour's drive, and is the deepest lake in the United States, formed in the caldera of an ancient volcano. Visitors come for the dramatic Rim Drive, panoramic viewpoints like Watchman Overlook and Cloudcap, and the deep blue water that draws photographers year-round. In winter, much of the rim road closes, but the park remains a destination for cross-country skiing, snowshoeing, and ranger-led snowshoe walks.

Upper Klamath Lake lies just minutes from downtown Klamath Falls and is the largest freshwater lake in Oregon by surface area. It anchors a network of wetlands that make up the Klamath Basin, a major stopover on the Pacific Flyway. During the winter months, large numbers of bald eagles gather at the surrounding wildlife refuges, drawing birders and photographers from across the country. In warmer months the marshes and open water are popular for fishing, paddling, and general wildlife viewing.

The Favell Museum, located in Klamath Falls, showcases a notable collection of Native American artifacts and Western art, including works by contemporary Indigenous artists and a miniature village of historic Western buildings. It offers a small but well-regarded stop that complements the region's natural attractions with a look at local heritage and craftsmanship, and it tends to pair naturally with a downtown stroll or a meal at one of the surrounding restaurants.

A short drive north of town, near the small community of Chiloquin, Train Mountain Railroad Museum is one of the largest model train layouts in the world, drawing hobbyists and families during the summer operating season. The surrounding forests and proximity to the national park make this corner of the basin appealing for visitors who want to combine multiple interests in a single trip, from scenic drives and birding to small-town museums and family-friendly attractions.

Klamath Falls works well as a base for short-term rentals because it sits at the intersection of high-desert scenery, pine-forested rim country, and one of the country's most iconic national parks. Guests who stay in the area can enjoy a quieter, more affordable alternative to lodging inside the park itself, while still reaching Crater Lake, the Klamath Basin refuges, and the surrounding forests within a short drive. The mix of small-city conveniences, abundant outdoor recreation, and proximity to the California border gives the city a steady seasonal rhythm of travelers, from summer road-trippers and anglers to winter eagle-watchers and backcountry skiers.

startup landing logo

Copyright © 2026 HomeRun Analytics, Inc

Explore

HomeCountry ExplorerProperty Analyzer

Resources

Market ComparatorRegulationsBlog

Trusted by STR investors in 50+ U.S. states

Built by investors, for investors

STRProfitMap® is a registered trademark of HomeRun Analytics, Inc