Klamath Falls, OR

There are many factors influencing real estate trends in the Klamath Falls, OR metropolitan statistical area (MSA). The following is a brief overview of some of the most important ones.

The population of the MSA is about 161,000 people, and it has been growing slowly but steadily for the past few years. The median household income is just over $43,000, which is slightly below the national average. However, the cost of living in Klamath Falls is quite low, and this makes it an attractive place to live for many people.

The housing market in Klamath Falls has been fairly stable in recent years. The median home price is around $170,000, and there has been very little change in prices over the past few years. The vacancy rate for rental properties is also quite low, at just over 2%.

There are a number of new construction projects underway in Klamath Falls that are likely to have an impact on the housing market. One of the largest is a new shopping center that will include a grocery store, retail space, and apartments. This development will likely lead to increased demand for housing in the area and could cause prices to rise.