97623 — Bonanza, OR Home Values
Typical home value $313,498 as of June 2026 · 5th of 13 in Klamath Falls, OR
Blue: typical home value (Zillow ZHVI) in ZIP code 97623, June 2021 to June 2026. This page shows observed data only; no forecast.
How 97623 compares in the Klamath Falls, OR area
ZIP code 97623 (Bonanza, OR) has a typical home value of $313,498 as of June 2026, ranking 5th of 13 ZIP codes tracked in the Klamath Falls, OR area, more expensive than about 69% of ZIP codes in the metro. Prices here have moved +0.6% over the trailing 12 months. Over the past five years, the typical value in this ZIP code has changed +25.6%, from $249,667 in June 2021 to $313,498 in June 2026.
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 97623 has a population of 2,954, per the Census Bureau's American Community Survey 5-year estimate. By race and ethnicity: 84.4% White, 11.3% Hispanic or Latino, 2.7% two or more races, 0.9% Black or African American, 0.5% American Indian or Alaska Native, and 0.2% another race.
Nearby public schools
| School | Address | Distance |
|---|---|---|
| Bonanza Junior/Senior High School | 31610 Mission St, Bonanza, OR | 4.8 mi |
| Bonanza Elementary School | 31610 Mission St, Bonanza, OR | 4.8 mi |
| Malin Elementary School | 2153 Third St, Malin, OR | 13.9 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 97623?
$313,498 as of June 2026, the latest month Zillow has published observed data for.
Is 97623 an expensive ZIP code in the Klamath Falls, OR area?
97623 ranks 5th of 13 ZIP codes in the Klamath Falls, OR area by typical home value, more expensive than about 69% of ZIP codes in the metro.
How much have home values in 97623 changed over the past year?
+0.6% over the trailing 12 months, from observed Zillow data.
What is the population of ZIP code 97623?
2,954, per the US Census Bureau's American Community Survey 5-year estimate.
What are the closest public schools to ZIP code 97623?
Bonanza Junior/Senior High School (4.8 mi), Bonanza Elementary School (4.8 mi), Malin Elementary School (13.9 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 97623?
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.