Market Overview
Home Prices in Crescent Lake, OR
The median home value in Crescent Lake, OR is $484,915 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 3.9% compared to a year ago and up 5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Crescent Lake are priced18% above average. Crescent Lake is part of the Klamath Falls, OR metro area.
Over the past five years, Crescent Lake home values have risen by approximately37.6%, reflecting strong long-term appreciation in this market.
Price History
Crescent Lake Home Price Trend
City Comparison
Crescent Lake vs. National Median
At $484,915, homes in Crescent Lake cost 18% above the national median of $410,000. Buyers in Crescent Lake should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Crescent Lake?
20% Down Payment
$96,983
on $484,915
Monthly P&I
$2,529/mo
30-yr @ 6.8%
Total Monthly Est.
~$3,212/mo
incl. taxes & insurance
Income Needed
$128,480
gross annual (30% rule)
10% Down Option
$48,492
+ PMI applies
Loan Amount (20% dn)
$387,932
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Crescent Lake, OR?
The median home value in Crescent Lake is $484,915 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 3.9% year-over-year.
How much have home prices changed in Crescent Lake?
Over the past year, home values in Crescent Lake have increased by 3.9%. Over five years, prices have risen approximately 37.6%.
How much do I need to earn to buy a home in Crescent Lake?
To comfortably afford the median home price of $484,915 with a 20% down payment ($96,983) at today's rates (6.8%), you'd need a gross annual income of approximately $128,480. This assumes keeping total housing costs at or below 30% of gross income.
How does Crescent Lake compare to the national average home price?
The national median home value is approximately $410,000. At $484,915, homes in Crescent Lake are 18% above the national average.
What metro area is Crescent Lake part of?
Crescent Lake is part of the Klamath Falls, OR metropolitan area. Home prices and market conditions can vary across the broader metro region.