Klamath County’s tension is current-income evidence against a slower, concession-prone listing environment. Investors screening for income can investigate, but buyers underwriting quick resale or frictionless lease-up should be cautious. Zillow’s median home value is $315,833 and median asking rent is $1,274 per month, yielding a 4.84% gross yield before costs. This is market-rent evidence, not a property-level return: vacancy, management, insurance, repairs, financing and unit mix are not published.
Carrying costs matter. The effective property-tax rate is 0.63%, with a $1,752 median annual tax; neither substitutes for a parcel tax bill. HUD’s two-bedroom FMR is a payment standard, not an estimate of asking rent, so it cannot replace measured market rent in a yield calculation. FHFA’s repeat-transaction HPI shows a 1.42% annual change and a 51.09% cumulative five-year change. It is an index rather than a home value and cannot be averaged with Zillow’s different method and supplied vintage.
Realtor.com’s MLS listing-market evidence points to negotiation risk rather than a completed-sales conclusion: 464 active listings, 70 median days on market, and 14.13% of listings with price reductions. Active listings are visible supply, days on market are marketing time, and reductions indicate seller concessions; none proves buyer demand by itself. The median listing-price change is 0.18%, but a listing price remains an asking price rather than a closed-sale price. Underwriters should test subject comparables, contract terms, and rent-ready condition rather than use these data as exit pricing.
Net tax-return migration is 19 households; incoming movers average $2,008 more income than outgoing movers. This is limited flow evidence, not a demand forecast. Investors made 30 of 721 purchases, indicating a limited investor presence in recorded transactions. QCEW identifies Education and health services as the largest disclosed private supersector; it measures annual covered workplace employment, not resident jobs or the entire economy. Inland flood is the dominant hazard; modeled annual building-value loss is 0.17%. Parcel flood zone, insurance terms, replacement cost, operating expenses, vacancy and sales comparables are not published, preventing NOI, flood carrying-cost and exit-price underwriting.