Home values, rents and more in ZIP code 97086 (Happy Valley, OR)
September 2026 figures from Zillow and the U.S. Census Bureau · updated 2026-11-07
Open 97086 in ProMap- Under $440k
- $440k–$510k
- $510k–$620k
- $620k–$670k
- $670k+
- No data
How 97086 compares
The typical home in ZIP code 97086 (Happy Valley, OR) is worth about $676,000, according to the Zillow Home Value Index for September 2026. Home values in 97086 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 97086 fell 0.2%, compared with −0.2% in the Portland metro area and +1.2% nationally.
Typical rent is $1,866 a month (Zillow Observed Rent Index), 3% above the Portland metro area ($1,803) and 3% below the U.S. ($1,932). Rents rose 0.4% over the past year.
The median household income is $102,359, against $97,436 in the Portland metro area and $80,734 in the U.S. (Census Bureau, American Community Survey 2020–24).
About 34,567 people live in 97086 (American Community Survey 2020–24).
97086 has the 17th-highest typical home value of the 119 ZIP codes in the Portland metro area and the 26th-highest of 339 in Oregon with Zillow figures.
Part of: Happy Valley, OR · Clackamas County, OR · Portland metro area · Oregon
More for 97086 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
- Zillow 12-month price forecast
- Crime rates
- School test scores
- 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 ZIP codes
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.