ZIP Code · OR

ZIP 97601

Part of Klamath Falls, OR

Pop. 22,964·Klamath County·112th most expensive ZIP in Oregon

Median rent (all units)

$1,271/mo

Year-over-Year

+0.2%

Month-over-Month

-1.3%

vs US Median

-$661

Reported rents

Falling (Monthly)

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Most AffordableMost Expensive

ZIP 97601 · $1,271

More affordable than 88% of US ZIP codes · National median $1,932/mo

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Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio

$830

1 BR

$920

2 BR

$1,200

3 BR

$1,670

4 BR+

$2,010

Research median

$1,200/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: October 17, 2026

From the history

What the numbers show

Compared with the peak

Rent in ZIP 97601 is 5.1% below its high of $1,339 in December 2025, at $1,271 as of September 2026.

Past year vs. the rest of Oregon

Rent in ZIP 97601 changed +0.2% over the year to September 2026. Across the 106 Oregon ZIP codes Zillow tracks, the typical change was +1.6%.

Recent direction

Rent has fallen 2 months in a row, and rose in 5 of the last 12 months.

What a typical income covers

30% of the median household income ($51,780) is $1,295 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,200); a 3-bedroom is $1,670.

From Zillow's monthly rent index (ZORI) for ZIP 97601. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$15,252/yr

At $1,271/mo median

Location

CityKlamath Falls

StateOR

CountyKlamath County

Rent Market Meter

Renter's Market

Renter's MarketBalancedLandlord's Market

Rents are softening (up only 0.2% YoY), so renters have negotiating leverage.

Based on rent-price momentum (+0.2% YoY, -1.3% MoM), not inventory.

Demographics

Who lives here

ZIP 97601 (Klamath Falls, OR) is majority owner-occupied, has a median income below the national average, 25.9% of residents hold a bachelor's degree or higher.

Population

22,964

Median income

$51,780

Median age

40.4

Renters

40%

Age distribution

20.5%

23.1%

22.7%

13.6%

20%

Under 1820.5%

18–3423.1%

35–5422.7%

55–6413.6%

65+20%

Gender

49.4%

50.6%

Male49.4%

Female50.6%

Race & ethnicity

78.7%

White78.7%

Black0.9%

Hispanic11.6%

Asian2.1%

Other6.8%

Education (25+)

28.5%

33.6%

25.9%

No HS diploma12%

HS diploma28.5%

Some college33.6%

Bachelor's+25.9%

Housing tenure

60%

40%

Owner60%

Renter40%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 97601 in Klamath Falls, OR has changed in 5 years

Income

$45,407 → $51,780

up 14.0%

Population

22,967 → 22,964

up 0.0%

Renter share

43.6% → 40%

-3.6 pts

Bachelor's+

22.6% → 25.9%

+3.3 pts

Median household income grew from $45,407 to $51,780 between 2021 and 2024, a 14.0% shift. About 40% of households rent today, against 43.6% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 22.6% to 25.9%.

Community

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Local insights

Tips for renters in ZIP 97601

About renting in ZIP 97601

Last updated: October 17, 2026

ZIP code 97601 covers Klamath Falls, OR. The median rent here is $1,271/mo as of October 2026. A 1-bedroom rents for a median of $920/mo. A 2-bedroom rents for a median of $1,200/mo.

At 29% of local median household income ($51,780/yr), ZIP 97601 ranks as affordable compared to the national benchmark of 30%. Rents have increased 0.2% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 97601?

To keep rent at or below 30% of gross income, you would need to earn at least $51,000/year (about $25/hour full-time) to afford the median rent of $1,271/mo in ZIP 97601. The local median household income is $51,780/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 97601?

Rent in ZIP 97601 has been roughly flat over the past year as of September 2026, a +0.2% change. It sits 5.1% below its high of $1,339 in December 2025.

How does ZIP 97601 compare to other ZIPs in Oregon?

ZIP 97601 is one of the more affordable among Oregon ZIP codes for rent, ranking #112 of 114 at $1,271/mo. Over the year to September 2026, rent in ZIP 97601 changed +0.2%, against a typical +1.6% across the 106 Oregon ZIP codes Zillow tracks.