97603 — Klamath Falls, OR Home Values
Typical home value $332,258 as of June 2026 · 3rd of 13 in Klamath Falls, OR
Blue: typical home value (Zillow ZHVI) in ZIP code 97603, June 2021 to June 2026. This page shows observed data only; no forecast.
How 97603 compares in the Klamath Falls, OR area
ZIP code 97603 (Klamath Falls, OR) has a typical home value of $332,258 as of June 2026, ranking 3rd of 13 ZIP codes tracked in the Klamath Falls, OR area, more expensive than about 85% of ZIP codes in the metro. Prices here have moved +2.6% over the trailing 12 months. Over the past five years, the typical value in this ZIP code has changed +28.0%, from $259,589 in June 2021 to $332,258 in June 2026. Against observed rent, the typical home here sells for 21.1× the annual rent ($1,314/mo), a common way to gauge whether buying looks cheap relative to renting in this ZIP code.
Every figure above is observed Zillow data. Sialim's forecasting engine works at the metro level; see the Klamath Falls, OR forecast for a modeled outlook, or browse the full ranked list of ZIP codes in Klamath Falls.
Population and demographics
ZIP code 97603 has a population of 32,212, per the Census Bureau's American Community Survey 5-year estimate. By race and ethnicity: 72.7% White, 15.4% Hispanic or Latino, 7.1% two or more races, 2.8% American Indian or Alaska Native, 0.7% Black or African American, 0.6% Asian, 0.5% another race, and 0.1% Native Hawaiian or Pacific Islander.
Nearby public schools
| School | Address | Distance |
|---|---|---|
| Henley High School | 8245 Hwy 39, Klamath Falls, OR | 2 mi |
| Henley Elementary School | 8227 Hwy 39, Klamath Falls, OR | 2 mi |
| Falcon Heights | 8205 Hwy 39, Klamath Falls, OR | 2.1 mi |
Distance is straight-line from the ZIP code's center; driving distance will be longer. School attendance is set by district boundaries, not proximity. Confirm which school a specific address is zoned for with the local school district. Source: National Center for Education Statistics.
Frequently asked questions
What is the typical home value in ZIP code 97603?
$332,258 as of June 2026, the latest month Zillow has published observed data for.
Is 97603 an expensive ZIP code in the Klamath Falls, OR area?
97603 ranks 3rd of 13 ZIP codes in the Klamath Falls, OR area by typical home value, more expensive than about 85% of ZIP codes in the metro.
How much have home values in 97603 changed over the past year?
+2.6% over the trailing 12 months, from observed Zillow data.
Is it cheaper to buy or rent in ZIP code 97603?
The typical home price is 21.1× the observed annual rent in this ZIP code ($1,314/mo). Lower multiples favor buying over renting, all else equal.
What is the population of ZIP code 97603?
32,212, per the US Census Bureau's American Community Survey 5-year estimate.
What are the closest public schools to ZIP code 97603?
Henley High School (2 mi), Henley Elementary School (2 mi), Falcon Heights (2.1 mi), by straight-line distance from the ZIP code's center. School attendance is set by district boundaries, not proximity. Confirm assignment with the local school district.
Is this page showing a forecast for 97603?
No. Every number on this page is observed Zillow data as of June 2026, not a forecast. Sialim's forecasting engine runs at the metro level; see the Klamath Falls, OR forecast for a modeled outlook.
ZIP-level values shown here are observed Zillow data, not forecasts. Sialim's forecasting engine works at the metro level today; ZIP-level forecasts are planned for Sialim Pro. Data © Zillow, via Zillow Research.