Klamath Falls, Oregon Short-Term Rental Market
Klamath Falls STRs averaged $174/night at 45.7% occupancy in April 2026 across 6,310 active listings.
Quick Answer: Klamath Falls, Oregon is an active short-term rental market. average occupancy in the Oregon Area market area is 58%. average monthly revenue in the Oregon Area market area is $3,814. average daily rate in the Oregon Area market area is $231. the top operator in the Oregon Area market area is Vacasa with 372 listings. market score is 55/100 (grade C).
Market data reflects the Oregon Area regional market, which includes Klamath Falls. Regulations, taxes, and permit details below are specific to Klamath Falls.
Market Score Breakdown
Five dimensions StaySTRA evaluates per market.
Market Overview
The Klamath Falls, Oregon short-term rental market counted 6,310 active listings as of the April 2026 snapshot, making it a mid-sized regional market anchored by proximity to Crater Lake National Park. Entire-place listings dominate at 5,822 units (92.3% of supply), with 480 private rooms and just 8 shared rooms rounding out the mix. The channel split shows broad dual-platform distribution: 3,079 listings on Airbnb only, 506 on Vrbo only, and 2,725 listed on both platforms simultaneously.
By bedroom count, 1-bedroom units are the most common at 2,382 listings, followed by 2-bedroom (1,591) and 3-bedroom (1,507). Larger configurations include 564 four-bedroom and 259 five-bedroom units, reflecting demand from groups visiting Crater Lake and regional recreation areas.
In April 2026, the market averaged $174/night ADR and 45.7% occupancy, producing $79.62 RevPAR. Year-over-year, occupancy declined 2.93 percentage points and revenue fell 3.12%, though ADR posted a 3.54% gain. The 2025 annual average occupancy was 52.93% with an ADR of $204, suggesting April is a seasonally soft month relative to full-year performance.
Seasonal Patterns
| Month | Occupancy |
|---|---|
| Jan | 42% |
| Feb | 48% |
| Mar | 50% |
| Apr | 48% |
| May | 55% |
| Jun | 66% |
| Jul | 69% |
| Aug | 63% |
| Sep | 54% |
| Oct | 50% |
| Nov | 46% |
| Dec | 48% |
Month-by-month nightly rates and revenue figures for Klamath Falls are available to StaySTRA Pro members. Unlock with StaySTRA Pro or analyze a specific address free.
Top Short-Term Rental Operators in Oregon Area market area
Ranked by total active listings. Useful for understanding the competitive landscape. Operator data is published for the Oregon Area market as a whole, which includes Klamath Falls, so these counts are not Klamath Falls-only figures.
| # | Operator | Listings | Reviews | Rating |
|---|---|---|---|---|
| 1 | Vacasa | 372 | 27,196 | ★ 4.58 |
| 2 | Evolve | 123 | 5,400 | ★ 4.72 |
| 3 | The Official Collins Lake Resort | 89 | 360 | ★ 4.78 |
| 4 | Mt Hood Vacation Homes | 66 | 3,894 | ★ 4.52 |
| 5 | Arrived Vacation Rentals | 63 | 4,437 | ★ 4.75 |
What Kind of STR Should I Buy in Klamath Falls?
Revenue and nightly-rate breakdowns by bedroom count, property tier, and dwelling type for Klamath Falls are available to StaySTRA Pro members. Unlock with StaySTRA Pro or analyze a specific address free.
Booking Channel Mix
Distribution of bookings across major STR platforms.
| Channel | Share |
|---|---|
| airbnb | 48.8% |
| vrbo | 8% |
| both | 43.2% |
Home Value Trends (Klamath Falls)
Typical home values, median sale prices, and the 10-year price trend for Klamath Falls are available to StaySTRA Pro members. Unlock with StaySTRA Pro or analyze a specific address free.
Booking Insights
Booking-window and length-of-stay analysis for Klamath Falls — how far ahead guests book and how to price around it — is available to StaySTRA Pro members. Unlock with StaySTRA Pro or analyze a specific address free.
Short-Term Rental Regulations
Short-term rentals are legal in Klamath Falls but require a Short-Term Rental Permit under Article 18.5 of the Community Development Ordinance (Sections 12.700-12.745), adopted in fall 2023. Operators must also hold a City Business License. The combined first-year permit and license cost is approximately $200; thereafter only the Business License renews at $50 annually. The City set a September 30, 2024 compliance deadline for all existing STRs to obtain permits.
There is no owner-occupancy or primary-residence requirement. However, density limits apply in residential zones: generally no more than two dwelling units on a property may contain an STR (except in Downtown, General Commercial, and Mixed Use zones), only one of two units (including ADUs) may operate as an STR concurrently, and shared-wall units face additional restrictions unless both units or the owner-occupied adjoining unit is also an STR. Parking minimums require two spaces plus one additional off-street space per bedroom above three.
Klamath County separately levies an 8% Transient Room Tax on stays under 30 days. Operators must register with the County Tax Collector, obtain a certificate of authority, and remit this tax. Enforcement is rated moderate. No annual night cap was found in available sources.
Market Comparison
Klamath Falls’ April 2026 occupancy of 45.7% falls below the US STR median of approximately 55%, which is consistent with it being a seasonal outdoor market in an off-peak month. Its ADR of $174 is also below the national median of approximately $220, reflecting smaller average unit sizes and a drive-market price point rather than a destination resort pricing structure.
The market’s total score of 55.4 out of 100 (investability 69.2, rental demand 67.4, regulation 62.5, revenue growth 55.1, seasonality 77.2) positions it as a moderate-performing regional market rather than a top-tier investment destination. The high seasonality score reflects the wide summer-to-winter swing.
On the operator side, Vacasa leads with 372 listings (5.9% market share) and 27,196 reviews at a 4.58 rating. Evolve follows with 123 listings and 5,400 reviews at a 4.72 rating. The Official Collins Lake Resort holds 89 listings at a 4.78 rating. These three operators collectively manage approximately 584 listings, or about 9.3% of total market supply, leaving the large majority of listings in the hands of individual hosts.
Frequently Asked Questions About Klamath Falls, Oregon
What is the average nightly rate for Klamath Falls STRs?
What occupancy rate should I expect in Klamath Falls?
Do I need a permit to operate a short-term rental in Klamath Falls?
Is there a lodging tax for short-term rentals in Klamath Falls?
What is the estimated gross revenue for a Klamath Falls STR?
Who are the largest STR operators in Klamath Falls?
When is the best season for short-term rentals near Klamath Falls?
Analyze Klamath Falls Rentals
Use our free calculator to estimate Airbnb revenue for any property in Klamath Falls.
Free Klamath Falls STR Calculator →
