Home Insurance in Klamath Falls, Oregon
The median home value in Klamath Falls is $287,000, close to the Klamath County median.
The typical home in Klamath Falls was built around 1965. Because older housing stock often has aging wiring, roofing or plumbing, it can cost more to insure or rebuild. About 46% of homes were built before 1960, about 14 points above Klamath County's 32%.
The housing stock in Klamath Falls is 69% single-family homes, 15% apartments in buildings with 5+ units and 3% mobile or manufactured homes. The rest are 2-4 unit or other housing types.
In Klamath Falls, about 65% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
Klamath Falls has an owner-occupancy rate of 49% and a vacancy rate of 8%; unoccupied homes typically need a different coverage form.
In Klamath Falls, 52% of homes are primarily heated with natural gas.
FEMA rates Klamath County's overall risk as Relatively Low, led by earthquake (Relatively Moderate). Klamath County had 57 active NFIP flood policies as of September 2026. See the full Klamath County home insurance overview for all FEMA hazard ratings and flood coverage details. Earthquake damage is excluded from a standard homeowners policy.
The statewide average premium for a standard HO-3 homeowners policy in Oregon is $1,003 per year, according to the NAIC homeowners insurance report (2023 data).
Key figures
| Median home value | $287,000 |
|---|---|
| Median year built | 1965 |
| Owner-occupied share | 49% |
| Share of owner-occupied homes with a mortgage | 65% |
| Top county hazard | Earthquake (Relatively Moderate) |
| Active NFIP policies in Klamath County | 57 |
| Home insurance premium | $1,003 - statewide average (NAIC, 2023 data) |
Nearby towns
Sources
Data last updated: 2026-09-29
- U.S. Census Bureau Gazetteer Files (2024)
- U.S. Census Bureau, American Community Survey 2020-2024 5-Year Estimates (2024)
- FEMA National Risk Index (December 2025)
- FEMA OpenFEMA NFIP Redacted Policies v3 (2026)
- NAIC Dwelling Fire, Homeowners Owner-Occupied, and Homeowners Tenant and Condominium/Cooperative Unit Owners Insurance: Data for 2023 (published 2026) (2023)