Crescent, Oregon.
Typical home $261,102 (-0.2% in a year). Klamath Falls, OR metro.
to buy the typical home at today's mortgage rate — +$820 (+149%) since Jan 2020.
- 1 year
- Down $478 -0%
- $261,580$261,102 since Sep 2025
- 5 years
- Up $56,854 +28%
- $204,248$261,102 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.
- Crescent$1,370
- Oregon$2,586
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 14 years.
Typical home values in Crescent, OR fell 0.2% over the past year — slower than the nation's +1.2%.
Living in Crescent, Klamath County, Oregon
Crescent, in Klamath County, had 412 people in the 2020 census. 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 It can be wrong or out of date.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. Crescent is a very small community in the high country of Klamath County, Oregon, where winters are long and heavy with snow and summers stay mild. The coldest month is December, with days that hover just above freezing and nights well below it, and the snowfall is far greater than in most of the country. Homes here are typically worth less than in many parts of the state, and the surrounding forest is never far from anyone's door.
Work. Residents of Crescent work mostly in schools, hospitals and social care, with others in shops, manufacturing, and restaurants and hotels. Across Klamath County, the largest workplaces include SKY Lakes Medical Center, Klamath County Schools and the Oregon Institute of Technology. Unemployment across the county has eased a little compared with a year ago, and the number of jobs has barely changed, so the local economy is holding steady rather than shifting quickly.
Things to do. Gilchrist State Forest, a protected area, lies in or beside town and is the nearest place to get outdoors. A longer drive away are Odell Lake and Crescent Lake, both good for time on the water in the mild summer. Willamette Pass Resort, a ski area also a longer drive away, suits the snowy winters.
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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 34° and lows near 20°; warmest in August, with highs near 74° and lows near 42°. About 190 inches of snow and 34 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Odell Lake-east weather station, 15 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; Crescent has one 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 weatherVery high
- Inland floodingRelatively high
- Cold wavesRelatively high
- Volcanic activityRelatively moderate
- WildfireRelatively moderate
- EarthquakesRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Crescent’s census tracts, against the rest of the country; all of them together, relatively moderate. 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.
Crescent home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Crescent$261,102
- Oregon$492,753
- United States$366,157
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
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Crescent14
Zip codes with a Crescent address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Crescent — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.
Zillow publishes no zip-level series with this city on the address.