Home values, rents and more in Happy Valley, OR
September 2026 figures from Zillow and the U.S. Census Bureau · updated 2026-11-07
Open Happy Valley in ProMap- Under $470k
- $470k–$510k
- $510k–$560k
- $560k–$650k
- $650k+
- No data
How Happy Valley compares
The typical home in Happy Valley, OR is worth about $676,000, according to the Zillow Home Value Index for September 2026. Home values in Happy Valley are 25% above the typical value in the Portland metro area ($539,000) and 1.8 times the U.S. typical value ($366,000).
Over the past year, home values in Happy Valley fell 0.2%, compared with −0.2% in the Portland metro area and +1.2% nationally.
Typical rent is $1,871 a month (Zillow Observed Rent Index), 4% above the Portland metro area ($1,803) and 3% below the U.S. ($1,932). Rents rose 0.6% over the past year.
The median household income is $122,151, against $97,436 in the Portland metro area and $80,734 in the U.S. (Census Bureau, American Community Survey 2020–24).
About 26,738 people live in Happy Valley (American Community Survey 2020–24).
Happy Valley has the 12th-highest typical home value of the 68 cities in the Portland metro area and the 15th-highest of 252 in Oregon with Zillow figures.
Part of: Clackamas County, OR · Portland metro area · Oregon
More for Happy Valley in ProMap Plus
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- 5- and 10-year price changes
- Days on market and months of supply
- Price cuts and sale-to-list ratio
- Price-to-income and monthly cost to buy
- Crime rates
- Homeowners insurance premiums
- Commute time to downtown
- Flood, wildfire and natural hazard risk
- Property-tax rate
- 2024 presidential vote
- Age, education and household make-up
- Amenities and transit nearby
Nearby cities
ZIP codes in Happy Valley, OR
Sources
Home values: Zillow Home Value Index (ZHVI), all homes, middle tier, smoothed and seasonally adjusted, September 2026. Rents: Zillow Observed Rent Index (ZORI), seasonally adjusted. Population: Census population estimates (July 2025) for states, metros and counties; ACS 2020–24 for cities and ZIP codes. Income: U.S. Census Bureau, ACS 2020–24 5-year estimates. Boundaries: U.S. Census Bureau cartographic boundary files. Compiled by Home Economics.
"Typical" is Zillow's middle-tier value (homes between the 35th and 65th percentiles), not a median sale price. Changes are over the 12 months to September 2026.