Klamath Falls, OR Airbnb Market Data, Statistics, and Occupancy Rates

Klamath Falls Short-Term Rental Market Overview

Klamath Falls presents an intriguing opportunity for short-term rental investors drawn to Southern Oregon's outdoor recreation scene and relatively affordable property values. With an average home value of $445,088 and annual STR revenue averaging $27,733, the market offers a workable revenue-to-price ratio — especially for larger properties that can command premium nightly rates. The market is highly seasonal, with summer months driving the bulk of earnings, so investors should plan cash reserves accordingly. At 78 active listings, competition remains modest, though supply has grown 115% year over year, signaling rising investor interest.

Key Market Statistics

According to Rabbu market data, the Klamath Falls short-term rental market shows:

Data sources: Rabbu proprietary analytics as of Apr, 27 2026 and Zillow Home Value Index (ZHVI) as of Mar, 17 2026.

Why Investors Consider Klamath Falls

Klamath Falls appeals to investors seeking affordable entry into Oregon's STR market with strong summer demand tied to outdoor recreation and regional tourism.

Expert Market Assessment

"Klamath Falls earns an "Attractive Opportunity" designation, reflecting a market where revenue potential and property affordability align reasonably well — though investors need to go in with realistic seasonal expectations. The spread between July's $4,852 average revenue and January's $1,064 is substantial, meaning cash flow management through the off-season is essential. Occupancy at 28% trails the 33% Oregon state average, but the market's lower ADR of $157 (versus $383 statewide) keeps acquisition costs proportionally lower. Investors who target the right property size and price their listings strategically for the summer surge can find solid footing here."

— Rabbu Market Analysis Team

Key Airbnb Metrics & Trends in Klamath Falls

Average revenue by month in Klamath Falls

Klamath Falls exhibits dramatic seasonality, with July's $4,852 average revenue towering over January's $1,064 — a spread of nearly 4.6x. The core earning window spans June through September, collectively generating roughly 60% of annual revenue, which makes summer pricing optimization and winter cost management critical for profitability.

Active Airbnb listings by property size in Klamath Falls

One-bedroom units dominate the supply with 24 listings, followed closely by 2-bedrooms at 20, while 4-bedroom properties (10) and studios (6) are the least represented. The relatively thin supply of larger homes could signal an opportunity for investors willing to acquire 4-bedroom properties, which also happen to deliver the highest revenue per listing.

Average daily rate (ADR) by property size in Klamath Falls

ADR scales predictably from $81 for studios up to $237 for 4-bedroom properties, with the biggest jump occurring between 3 bedrooms ($165) and 4 bedrooms ($237) — a 44% premium for one additional room. This suggests strong pricing power at the larger end of the market, where family and group travelers are willing to pay a meaningful premium.

Average RevPAN by property size in Klamath Falls

Revenue per available night climbs steadily from $28 for studios to $75 for 4-bedroom properties, with the jump from 3-bedroom ($45) to 4-bedroom being especially pronounced. This confirms that larger properties aren't just charging more — they're also converting bookings efficiently enough to generate substantially better yield on a per-night basis.

Average occupancy rates by property size in Klamath Falls

Studios lead occupancy at 35%, while 1- and 2-bedroom units lag at 26%, and larger 3- and 4-bedroom properties land in the 28–32% range. The higher occupancy for studios likely reflects budget-conscious travelers and shorter stays, while 4-bedroom properties pair respectable 32% occupancy with far higher ADR, making them the stronger cash-flow play overall.

Average monthly revenue by property size in Klamath Falls

Monthly revenue ranges from $1,059 for studios to $4,693 for 4-bedroom listings, with each step up in bedrooms delivering a meaningful revenue increase. Three-bedroom units at $2,846 per month represent a solid middle ground, earning roughly 2.7x what studios generate while likely requiring less investment than the top tier.

Average annual revenue by property size in Klamath Falls

Four-bedroom properties stand out with $56,318 in average annual revenue — more than 4.4x what studios earn ($12,710) and roughly 1.6x the 3-bedroom figure of $34,161. For investors focused on maximizing gross revenue, the data strongly favors larger configurations, though acquisition costs and management complexity should be weighed alongside these top-line numbers.

Most common amenities for Airbnb listings in Klamath Falls

Parking (96%) and a full kitchen (95%) are near-universal, reflecting guest expectations in a car-dependent, self-catering market like Klamath Falls. Laundry amenities (81–83%) and self check-in (81%) round out the essentials, while differentiators like hot tubs (18%) and pet-friendliness (44%) could help listings stand out in a growing competitive field.

Understanding Klamath Falls's ROI Score: 56/100

Rabbu's ROI Score is a proprietary metric that evaluates short-term rental investment potential based on multiple factors.

How the ROI Score is Calculated

What This Means for Investors

With an ROI Score of 56 out of 100, Klamath Falls falls into the "Attractive Opportunity" band — indicating a market where revenue potential and property affordability create a viable investment environment, though not without caveats. The revenue-to-price ratio and occupancy stability both rate as average, while the supply/demand balance scores below average, reflecting the 115% surge in new listings that could temper returns if growth continues unchecked. Investors should pair this data with thorough local regulatory research and a realistic seasonal cash-flow model before committing capital.

Short-Term Rental Regulations in Klamath Falls

Understanding local STR regulations is essential before investing in Klamath Falls. Here's the current regulatory landscape:

Permit Requirements

Short-term rental operators in Klamath Falls, Oregon may need to obtain a business license and register their property with the city or Klamath County before listing. Investors should verify current permit and registration requirements directly with local planning and zoning authorities, as rules can change.

Key Restrictions

Common STR restrictions in Oregon municipalities can include occupancy limits based on bedroom count, minimum-stay requirements, noise and nuisance ordinances, and parking mandates. HOA covenants may impose additional limitations, so investors should review any applicable community rules before purchasing a property intended for short-term rental use.

Tax Obligations

Oregon requires short-term rental hosts to collect and remit transient lodging taxes, and Klamath County may impose its own local lodging tax on top of the state obligation. Platforms like Airbnb often collect some of these taxes automatically, but hosts should confirm their full tax responsibilities with the Oregon Department of Revenue and local tax offices.

Regulations subject to change. Always verify with local authorities before purchasing. A Rabbu partner agent specializing in Klamath Falls can provide current regulatory guidance.

Future Outlook & Long-Term Forecast

"Over the next 12–18 months, Klamath Falls is likely to see continued seasonal demand concentrated in the June–September window, with July revenues potentially holding near the $4,800+ range for average listings. ADR may edge up 2–4% as hosts refine pricing strategies and the market matures, though occupancy could face modest pressure from the rapid supply growth (115% YoY). Investors entering now should target larger properties — 3- and 4-bedroom units — where RevPAN and annual revenue projections are strongest, and budget conservatively for the quieter winter months when average revenue dips below $1,200."

— Rabbu Market Analysis Team

Frequently asked questions about Airbnb in Klamath Falls, OR

What is the average Airbnb occupancy rate in Klamath Falls?

The average occupancy rate for Airbnb listings in Klamath Falls is currently 28%, which falls slightly below the Oregon state average of 33%. Occupancy varies by property size, with studios leading at 35% and 4-bedroom units reaching 32%, while 1- and 2-bedroom properties average around 26%. The lower overall figure reflects the market's strong seasonality — summer months drive significantly higher bookings than the quieter winter period.

How much do Airbnb hosts make in Klamath Falls?

On average, Airbnb hosts in Klamath Falls earn approximately $2,311 per month or $27,733 per year based on trailing 12-month booking data. Earnings vary considerably by property size: studios average around $12,710 annually, while 4-bedroom properties pull in roughly $56,318 per year. Revenue is heavily concentrated in the summer months, with July averaging $4,852 and winter months dipping to around $1,000–$1,400.

Is Klamath Falls a good market for Airbnb investment?

Klamath Falls scores a 56 out of 100 on Rabbu's ROI Score, placing it in the "Attractive Opportunity" category. The market benefits from affordable property values (averaging $445,088), manageable competition with just 78 active listings, and strong summer demand tied to outdoor recreation. Investors should be aware of the pronounced seasonality and plan for lower-revenue winter months. Larger properties tend to deliver the best returns, with 3- and 4-bedroom units generating the highest RevPAN and annual revenue.

What is the average daily rate (ADR) for Airbnb in Klamath Falls?

The average daily rate in Klamath Falls is $157, which is significantly lower than the Oregon state average of $383. ADR scales with property size, starting at $81 for studios and climbing to $237 for 4-bedroom listings. This lower price point reflects the market's positioning as an affordable outdoor destination rather than a luxury resort area, which also means lower acquisition costs for investors.

Are short-term rentals legal in Klamath Falls?

Short-term rentals are generally permitted in Klamath Falls, Oregon, though operators may need to obtain appropriate permits or business licenses and comply with local zoning regulations. Rules can vary and may change, so prospective investors should check directly with the City of Klamath Falls and Klamath County planning departments to confirm current requirements before purchasing a property for STR use.

When is peak season for Airbnb in Klamath Falls?

Peak season in Klamath Falls runs from June through August, with July being the strongest month at an average revenue of $4,852 per listing. June ($3,711) and August ($3,919) are also strong performers. The shoulder months of May ($2,187) and September ($2,912) offer moderate returns, while winter months from November through March see the lowest revenue, bottoming out near $1,064 in January.

How many Airbnbs are there in Klamath Falls?

Klamath Falls currently has 78 active Airbnb listings. The supply has grown significantly, with a 115% year-over-year increase in active listings. The market is dominated by 1-bedroom (24 listings) and 2-bedroom (20 listings) properties, with 3-bedroom (16), 4-bedroom (10), and studio (6) units making up the rest. Despite the rapid growth, overall supply remains relatively small compared to larger Oregon markets.

How is Airbnb revenue calculated in Klamath Falls?

The annual and monthly revenue figures for Klamath Falls are derived from the trailing 12 months of historical booking performance for active comparable Airbnb listings in the market — they are not forward-looking projections. We average each comparable listing's actual revenue per available night (RevPAN) by month over the past year, remove regional outliers, and roll the remainder up to a market-level historical average. This approach anchors the figures to what hosts have actually earned recently while naturally reflecting seasonal peaks and slower months, since each month uses its own historical performance data. Individual results can vary based on property quality, pricing strategy, and how well a listing is managed.

About Rabbu Market Data

Rabbu provides Airbnb and short-term rental market data and statistics across the United States. Our mission is to empower investors with accurate insights and easy-to-use tools, so they can confidently identify and act on the best opportunities in the Airbnb market.

What this data includes

• Regularly updated active Airbnb and STR listing counts for the Klamath Falls market
• Average daily rate, occupancy, and RevPAN metrics with state-level comparisons
• Monthly and annual revenue trends based on trailing 12-month booking performance
• Property value estimates sourced from the Zillow Home Value Index (ZHVI)
• Supply distribution and amenity prevalence across active listings by property size

Sources and disclaimers

Rabbu proprietary analytics as of Apr, 27 2026 and Zillow Home Value Index (ZHVI) as of Mar, 17 2026. Revenue projections are estimates based on comparable properties and do not guarantee future performance. Data reflects trailing 12-month averages and market conditions as of April 2026; actual results may differ as conditions evolve. Local regulations, tax obligations, and permit requirements are subject to change — always verify with local authorities before investing.