Klamath Falls

As of May 2026, Klamath Falls has 318 active Airbnb and VRBO listings. This represents a 15% decrease from the previous year.

The average Airbnb or VRBO in Klamath Falls generates $31K per year. High-performing properties earn $53K/year, while low-performing properties earn $13K/year. This significant $40K spread suggests that market revenue is heavily concentrated, indicating that top-tier listings capture a disproportionate share of demand in a contractionary environment.

Average home prices in Klamath Falls vary by property size: 1-bedroom properties cost approximately $166K, 2-bedroom homes average $194K, 3-bedroom properties are around $326K, and 4+ bedroom homes average $411K. These prices reflect median home values across the Klamath Falls area.

Airbnb and VRBO can be profitable in Klamath Falls, with an average gross yield of 11% across all properties. High-performing properties achieve yields up to 19%, which is considered top for short-term rental investment. The wide yield gap highlights that profitability is highly sensitive to operational efficiency rather than broad market saturation.

The average occupancy rate for Airbnbs and VRBOs in Klamath Falls is 38%. This occupancy level, combined with an average nightly rate of $216, results in a RevPAR (revenue per available room) of $56 per day.

4+ bedroom properties demonstrate the strongest performance in Klamath Falls, with an average gross yield of 16% and annual revenue of $60K. These properties balance purchase price ($411K), operating costs, and rental demand most effectively in the Klamath Falls market.

Short-term rental regulations vary by jurisdiction in the Klamath Falls area. Klamath Falls: Lenient. No specific short-term rental regulations or permit requirements at city level. Operates under general business license and state lodging tax rules. Minimal enforcement - hosts primarily self-regulate through platforms. Zoning compliance expected but rarely scrutinized unless complaints arise. Always verify current regulations with local authorities and obtain necessary permits before operating a short-term rental.

The Klamath Falls Airbnb and VRBO market is currently showing balanced conditions. Supply has declined 15% year-over-year, while RevPAR has decreased 21%. This indicates balanced supply-demand dynamics. The concurrent drop in both metrics suggests a market-wide correction where declining inventory is struggling to offset the downward pressure on overall revenue performance.

Launch around May, 2-3 months before peak summer season (August peaks). This pre-peak timing lets you build reviews when competition is 14% lower than peak months. Avoid launching during peak season when established listings dominate, or slow months (April-January) when gaining traction is harder.

The most common amenities in Klamath Falls listings include: Kitchen (92%), Air Conditioning (83%), Tv (79%), Washing Machine (69%), Heating (66%). Amenities that boost revenue the most include Sauna, Pets Allowed, Hot Tub, with Sauna properties earning approximately 24% more ($50K/year vs $40K/year).

Monthly estimated revenue per listing in Klamath Falls over the last 12 months: May: $2K, June: $2K, July: $3K, August: $3K, September: $2K, October: $2K, November: $1K, December: $1K, January: $779, February: $728, March: $1K, April: $1K. These figures are based on RevPAR (revenue per available room) multiplied by the number of days in each month.

The overall average nightly rate in Klamath Falls is $216, up 14% year-over-year. By property size: 1-bedroom properties average $154/night, 2-bedroom properties average $176/night, 3-bedroom properties average $245/night, 4+ bedroom properties average $389/night. Rates peak in December and are lowest in February.

Guests in Klamath Falls book an average of 29 days in advance, down 22% from last year. By property size: 1-bedroom: 26 days, 2-bedroom: 28 days, 3-bedroom: 30 days, 4+ bedroom: 35 days. Larger properties tend to have longer booking windows as guests plan group trips further ahead.

Over the past year, supply declined 15%, revenue per listing decreased 21%, occupancy fell 2%, average nightly rates increased 14%, and lead time decreased 22%. These indicators reflect a shift toward shorter booking windows and price sensitivity, signaling that the market is adjusting to lower demand despite higher per-night pricing.

In Klamath Falls, Saturday sees the highest booking demand while Tuesday has the lowest. Nightly rates peak on Friday and are lowest on Wednesday. Weekends show 27% higher occupancy than weekdays.