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Multifamily Loans in
Klamath Falls, OR

Overview

Klamath Falls is located in what is considered a very small market for 5+ unit multifamily loans. Multifamily loans in Klamath Falls are considered greater risk due to market dynamics. Interest rates for multifamily loans in Klamath Falls are higher than the national average. Klamath Falls apartments may be eligible for non-recourse multifamily loans up to 75% for purchases and 70% for refinances. SoftQuotes' lenders will lend on 5+ unit multifamily properties in Klamath Falls.

Get multifamily loan quotes for May 19, 2025


Multifamily Loan Rates in Klamath Falls, OR

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Klamath Falls are:

Fannie Mae®
$1M to $6M
5 Year Fixed 6.56% - 7.30%
7 Year Fixed 6.46% - 6.97%
10 Year Fixed 6.40% - 6.80%
Freddie Mac®
$1M to $6M
5 Year Fixed 5.91% - 6.92%
7 Year Fixed 5.82% - 7.04%
10 Year Fixed 5.84% - 7.08%
Fannie Mae®
$6M to $100M
5 Year Fixed 6.36% - 7.10%
7 Year Fixed 6.26% - 6.77%
10 Year Fixed 6.20% - 6.60%
Freddie Mac®
$6M to $100M
5 Year Fixed 6.03% - 6.18%
7 Year Fixed 6.09% - 6.24%
10 Year Fixed 6.09% - 6.24%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 05/18/2025. This is not an offer or commitment to lend. Multifamily loan rates in Klamath Falls may vary based on income, leverage and other factors. Fannie Mae is a registered trademark of Federal National Mortgage Association Corporation. Freddie Mac is a registered trademark of the Federal Home Loan Mortgage Corporation.

Get multifamily loan quotes for May 19, 2025


Multifamily Lenders in Klamath Falls, OR

Agency lenders along with regional banks and credit unions are most likely to lend on multifamily properties in Klamath Falls.


Agency Lenders
(Fannie / Freddie / HUD)
  • Long term fixed rates
  • Moderate leverage
  • Tax returns not required
  • Non-recourse
  • Rate discounts for affordability

Banks &
Credit Unions

  • Intermediate term fixed rates
  • Moderate leverage
  • Tax returns usually required
  • Recourse

Get multifamily loan quotes for May 19, 2025


Klamath Falls Market

The city of Klamath Falls in Klamath County has a population of 21,753. The median rent in Klamath County for a 2 bedroom is $895. The median Klamath Falls resident is 36 years old with a yearly income of $21,563. The average family has 2.93 members and a median household income of $41,444. Klamath Falls has a 22% higher education rate. The unemployment rate in Klamath Falls is 9.3%.


Population
21,753 people

County
Klamath County

Renters
54.9%

54.9% of Klamath Falls households are renters.


Rent Burden
31%

31% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Klamath County 1
Oregon 2
National 2
Studio $618 $786 $737
1 bedroom $682 $891 $813
2 bedroom $895 $1,112 $1,015
3 bedroom $1,272 $1,569 $1,325
4 bedroom $1,425 $1,853 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Klamath Falls Demographics


Median Individual Income
$21,563 / year

Median Household Income
$41,444 / year

Families w/ Dual Incomes
48%

Unemployment Rate
9.3%
Household Income Distribution
Klamath Falls, OR
Under 35kUnder 35k25k-35k25k-35k35k-50k35k-50k75k-100k75k-100k100k-150k100k-150k150k+150k+41.816.21810.48.15.650.040.030.020.010.00.0
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Median Age
36 years

Avg Family Size
2.93 people
Age Distribution
Klamath Falls, OR
Under 10Under 1010-1910-1920's20's30's30's40's40's50's50's60's60's70's70'sOver 80Over 8012.710.818.812.111.512.710.773.720.015.010.05.00.0
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College Education or Above
22%

STEM College Graduates
43%
Education Distribution
Klamath Falls, OR
< High School< High SchoolHigh SchoolHigh SchoolSome CollegeSome CollegeBachelor'sBachelor'sGraduateGraduate12.63134.513.48.436.027.018.09.00.0
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Source: U.S. Census Bureau

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