Scenery and ambience characterize the lakeside lifestyle of Klamath Falls. The community?s attractions quickly capture the attention of home seekers and vacationers. Located about 20 miles north of the California/Oregon border, Klamath Falls is bordered by the Cascade Mountains on the east and by Upper Klamath Lake and Link River on the north and west. The lake is simply stunning: at 30 miles in length and eight miles wide, it is the largest freshwater lake in Oregon. Upper Klamath Lake is also one of the community?s popular recreation sites. Boaters, fisherman, windsurfers, tourists and more share the lake and its shoreline for both relaxation and activity. Outdoor exploration takes center stage in recreation. The Klamath Falls parks system maintains over 600 acres of recreational facilities, including greenbelts, and regional and neighborhood sites. About 40,000 people reside in Klamath Falls, and an additional 25,000 people live in the outlying regions. City of Klamath Falls and the Klamath County School District serves over 6,500 students throughout the county. Opportunities for higher education are available at Klamath Community College and the Oregon Institute of Technology. The strongest local economic sectors are educational, health and social services; retail trade; and manufacturing.
Real Estate Guide: Price Range of Klamath Falls Homes for Sale
Klamath Falls has the atmosphere of city-style living and secluded neighborhoods. The landscape has somewhat of a mountain community feel offering a picturesque setting to live. Sale prices of detached, single-family homes range just under $100,000 and can reach up to $1 million and more. At just under $300,000, one may purchase a large home in the North Hills or Sierra Heights subdivisions. Others include well-maintained 1950s homes or luxurious modern homes and estate properties. Traditional styling is popular. There are a small selection of condominiums townhomes available in the Falcon Heights and Shieldcrest areas. This community is a homebuilder?s paradise.
Klamath Falls Real Estate Stats and Trends for the week of January 23rd, 2020: homes priced around $321,878 compared to $321,878 the previous week, to remain steady with no change in listing price. For Thursday, January 23rd, the current national mortgage rate for a 30 year fixed mortgage is 4.51%; the 15 year fixed rate is at 3.90%. For a loan larger than conventional conforming loans, or 'jumbo' loan, the 30 year rate is 4.41%, while the 15 year jumbo rate currently is at 4.12%.