Bonanza, OR

Population
417
U.S. Census Population Estimates Program · 2025
Elevation
4,127 ft
Median Home Value
$261,700
U.S. Census American Community Survey 5-Year · 2024
Median Rent
$489/mo
U.S. Census American Community Survey 5-Year · 2024
Median Income
$66,250
U.S. Census American Community Survey 5-Year · 2024
General Quality
Overall rating out of 100

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About Bonanza

Located in the Lost River Valley about 25 miles east of Klamath Falls, Bonanza is a quiet, close-knit town with around 400 residents. Daily life revolves around the surrounding ranches, potato farms, and the Lost River flowing through the middle of town. Families with school-age kids benefit from the local K-12 campus, which anchors the community with sports games and school events throughout the year.

The centerpiece of the community is Big Springs Park, a lush green space fed by clear natural springs where neighbors gather to picnic and fish along the river. You will find a few essential services and local spots in town, but residents typically make the 30-minute drive into Klamath Falls for major grocery runs, healthcare, and employment. It offers a relaxed, rural lifestyle for those who value open space and knowing their neighbors by name.

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