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-508 Crater Lake Ore. - C&D (21974589693).jpg
U.S. Forest Service- Pacific Northwest Region · Public domain · Wikimedia Commons
LakesOregon → Crater Lake

Crater Lake

Oregon · Natural · near Klamath Falls

13,140 acres 1,949 ft deep 100 ft clarity Water A
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5.5SCORE
Survey summary · Oregon
13,140
Surface acres
1,949 ft
Max depth
26 mi
Shoreline
100 ft
Typical clarity
6,178 ft
Elevation

Photographs of Crater Lake via Wikimedia Commons. Credit and licence on each image — hover to view, click through to the source.

Crater Lake covers 13,140 acres in Oregon and drops to 1949 feet at its deepest point. It is a natural lake, which generally means a more stable shoreline and fewer drawdown surprises than an impoundment. Water clarity averages around 100 feet, placing it among the clearer bodies of water in the country. Short-term rental posture: Not applicable. Confirm at the municipal level before underwriting rental income.

What stands out

  • Exceptional clarity, roughly 100 ft
  • Deep water — 1949 ft max
  • Sightseeing
  • Hiking

Score breakdown

WATER RECREATION VALUE ACCESS INVESTMENT
Water 9.8
Recreation 3.0
Value 3.5
Access 5.3
Investment 4.6

Each axis is computed by published formula from this lake's own attributes. How we score.

Water quality grade
Water A
ExcellentClear, low-nutrient water. Typically oligotrophic with high clarity and little seasonal algae.
Water B
GoodHealthy water with moderate clarity. Some seasonal variation, no persistent problems.
Water C
FairProductive water — good fishing, reduced clarity. Algae possible in late summer.
Water D
PoorNutrient-rich or heavily drawn down. Swimmable conditions vary; check before you rely on them.

Computed from measured clarity, trophic state, and drawdown magnitude — not an opinion. See the formula.

Overall score, 1–10
8.0+
ExceptionalStrong on every axis we measure.
7.0–7.9
StrongClearly above average, usually with one standout axis.
6.0–6.9
SolidA good lake with a trade-off worth understanding.
5.0–5.9
MixedReal strengths and real compromises.
Under 5
CompromisedSomething material — volatility, water quality, or access.

Weighted: water 26% · recreation 22% · investment 20% · value 18% · access 14%.

Fishery

KokaneeRainbow trout

On the water

SightseeingHikingBoat tours
No USGS gauge on this lake. Water level and clarity figures below come from published lake management data rather than a live sensor.

What the drawdown looks like

Full pool vs natural low · Crater Lake
4 ft FULL POOL NATURAL LOW

The dock sits at full-pool elevation. At low pool the waterline retreats and the reach to navigable water changes. Scale is illustrative; the 4 ft figure is from published operations for this lake.

Where it is

True shoreline from USGS NHD 53 km²

The outline is this lake's actual boundary from the USGS National Hydrography Dataset, not an approximation — 230 boundary points. Basemap is USGS topographic with contours and hydrography. Switch layers at the top right.

Depth profile

SURFACE 1949 ft max avg 624 ft

Idealized cross-section. Max depth 1,949 ft, average 624 ft. Depth at a specific dock depends on local bathymetry — verify at the property.

Level behaviour

Level stabilityNatural Typical drawdown4 ft Drawdown seasonNatural Trophic stateUltraoligotrophic Typical clarity100 ft Water quality gradeA Elevation6,178 ft Managing authorityNational Park Service

Dock & shoreline

Permitting authorityNational Park Service Wake / speed rulesNo private boats
A dock is never guaranteed. Confirm in writing with National Park Service that the specific parcel is eligible before you remove contingencies.

Short-term rental posture

Not applicable

Do not underwrite rental income here.
Model rental income →
Modeled estimates. Market figures are derived from lake attributes and regional patterns, not from MLS data. Treat them as a starting point, not a comp.
$800,000
Median waterfront
$8,410
Per shoreline foot
+9.6%
Year over year
338
Est. inventory
145
Avg days on market
$328
Est. nightly rate

Rental snapshot

Modeled occupancy48% Booked nights / yr126 Gross revenue$48,668 Net operating income$21,639 Yield on median price2.70%
Open the full model →

What a median-priced home on Crater Lake actually costs to carry, with waterfront-specific line items most calculators omit.

$6,490
All-in per month
$182,450
Cash to close + setup
$15,540
Beyond P&I, tax, insurance
Where the annual cost goes
$77,880 PER YEAR
Principal & interest $50,580 (66%) Maintenance reserve (1.1%) $8,800 (12%) Property taxes $8,400 (11%) Hazard insurance $3,360 (4%) Utilities $2,700 (4%) Shoreline / seawall reserve $960 (1%) Dock maintenance $900 (1%) Winterization / seasonal close $750 (1%)

Annual carry

Principal & interest$50,580
Property taxes$8,400
Hazard insurance$3,360
Flood insurance$650
Utilities$2,700
Maintenance reserve (1.1%)$8,800
Septic service$520
Well & water testing$260
Dock maintenance$900
Winterization / seasonal close$750
Shoreline / seawall reserve$960
Total$77,880
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