Bonanza, Oregon.
Typical home $287,840 (+0.1% in a year). Klamath Falls, OR metro.
to buy the typical home at today's mortgage rate — +$866 (+134%) since Jan 2020.
- 1 year
- Up $417 +0%
- $287,423$287,840 since Sep 2025
- 5 years
- Up $40,621 +16%
- $247,218$287,840 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Bonanza$1,511
- Oregon$2,586
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 23 years.
Typical home values in Bonanza, OR rose 0.1% over the past year — slower than the nation's +1.2%.
Living in Bonanza, Klamath County, Oregon
Bonanza is a town of 404 people in Klamath County. Unemployment in Klamath County was 6.8% in August 2026, and the county had 0.1% more jobs in 2025 than the year before. The most people in Klamath County work in schools and health care, then shops.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Bonanza is a very small town in Klamath County, Oregon, where neighbors tend to know one another. Homes here cost a good deal more than the typical household income in the county would suggest, so buying takes planning. Winters are cold, with the coldest weather in December, and summers are warm, with July the warmest month.
Work. Many residents work in schools, hospitals and social care, with shops, manufacturing, and restaurants and hotels also employing people. Across Klamath County, some of the largest workplaces are SKY Lakes Medical Center, Klamath County Schools and Oregon Institute of Technology. Unemployment across the county is a little lower than a year ago, and the number of jobs has barely changed. Only a small share of residents work from home.
Things to do. The nearest well-known spots are a longer drive away, including Upper Klamath Lake, a large lake, and the Link River, which flows from it. Tule Lake National Monument is a protected area for those interested in history. Lower Klamath National Wildlife Refuge, also a longer drive away, is a protected area set aside for wildlife.
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- 6%work from home
What people in Klamath County work in
Employed residents by industry, from the Census survey. Klamath County had 23,884 jobs in 2025, 0.1% more than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in December, with highs near 40° and lows near 19°; warmest in July, with highs near 86° and lows near 48°.
Average daily high and low, 1991–2020, at the Gerber Dam weather station, 14 miles away (NOAA).
Largest workplaces in Klamath County
- SKY Lakes Medical CenterGeneral hospital1,281FTE
- Klamath County SDSchool district937FTE
- Oregon Institute of TechnologyUniversity or college623
- Klamath Falls City SchoolsSchool district436FTE
- WalmartWarehouse clubs and supercenters416
- Klamath Community CollegeTwo-year college312
- Columbia Forest ProductsHardwood veneer or plywood manufacturing287
- New Horizons - Oregon South - Klamath FallsCompanion services for disabled persons, the elderly, and persons diagnosed with intellectual and developmental disabilities273
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 93 workplaces with 20 or more staff, 8,088 people in all across the county; Bonanza has none of its own. Hospitals come from their Medicare cost reports (CMS, 2023), school districts from the Common Core of Data (NCES, 2023–24) and colleges from IPEDS (NCES, 2023–24); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- Winter weatherRelatively high
- Wildfirerelatively high in parts of BonanzaRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Bonanza’s census tracts, against the rest of the country; all of them together, relatively low. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Klamath County and the Klamath Falls, OR metro.
Bonanza home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Bonanza$287,840
- Oregon$492,753
- United States$366,157
Sellers are cutting prices on about 1 in 6 Bonanza listings — the market is roughly in balance.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
Not enough data to draw this yet.
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Bonanza19
Zip codes with a Bonanza address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Bonanza — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.
Zip codes in Bonanza
| Zip activate to sort by Zip | Place activate to sort by Place | Population sorted descending, activate to sort ascending | Rent activate to sort by Rent | Home value activate to sort by Home value |
|---|---|---|---|---|
| 97623 | Bonanza | 2,813 | — | $294,680 |
| 97639 | Sprague River | 15 | — | $230,719 |