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These days, finding an affordable place to live in the Happy Valley area can be challenging. Home prices in Happy Valley are now at a median cost of $677,565, higher than the Oregon average of $502,078.
The average cost of rent is $2,080/mo in Happy Valley, primarily driven by the current value of real estate in the Happy Valley area. In Happy Valley, 36.60% of households rent, and 31.63% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Happy Valley is $9,743 per month. Households that rent pay about 21.35% of their income on rent here. Happy Valley’s most expensive areas are in the central regions, while the cheapest areas are in the western parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Clackamas, OR: less expensive homes
- Johnson City, OR: less expensive homes
- Oatfield, OR: less expensive homes
- Damascus, OR: equally priced homes
- Milwaukie, OR: less expensive homes
- Gladstone, OR: less expensive homes
- Oak Grove, OR: less expensive homes
- Gresham, OR: less expensive homes
- Marylhurst, OR: less expensive homes
- Portland, OR: less expensive homes
Cities with Similar Populations
- Wadsworth, OH: less expensive homes
- Chillum, MD: less expensive homes
- Christiansburg, VA: less expensive homes
- Coram, NY: less expensive homes
- Garfield Heights, OH: less expensive homes
- Shenandoah, FL: less expensive homes
- Suisun City, CA: less expensive homes
- Summerfield, FL: less expensive homes
- Tewksbury, MA: less expensive homes
- Aguada, PR: less expensive homes
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