Happy Valley, OR Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2020 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Happy Valley, OR Housing Market Trends

With a population of 23,733, 7,229 total housing units (homes and apartments), and a median house value of $722,922, Happy Valley house prices are not only among the most expensive in Oregon, Happy Valley real estate also is some of the most expensive in all of America.

Happy Valley is a city of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Happy Valley than is found in 98% of the communities in America.

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Happy Valley. Owner-occupied housing accounts for 84.97% of Happy Valley's homes, and 68.71% have either three or four bedrooms, which is average sized relative to America.

Happy Valley homes and real estate are some of the newest in America. 62.30% of Happy Valley's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Happy Valley real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 28.57%), and between 1940-1969 ( 8.20%).

Happy Valley Home Appreciation Rates

In the last 10 years, Happy Valley has experienced some of the highest home appreciation rates of any community in the nation. Happy Valley real estate appreciated 116.24% over the last ten years, which is an average annual home appreciation rate of 8.02%, putting Happy Valley in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Happy Valley definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Happy Valley that despite a nationwide downturn in the housing market, Happy Valley real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Happy Valley appreciation rates continue to be some of the highest in America, at 22.58%, which is higher than appreciation rates in 83.57% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Happy Valley. Happy Valley appreciation rates in the latest quarter were at 8.14%, which equates to an annual appreciation rate of 36.76%.

Relative to Oregon, our data show that Happy Valley's latest annual appreciation rate is lower than 90% of the other cities and towns in Oregon.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Happy Valley differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Happy Valley - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Happy Valley real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$722,922

Happy Valley, OR HOME PRICES

> $1,347,000
$1,010,001 - $1,347,000
$673,001 - $1,010,000
$539,001 - $673,000
$404,001 - $539,000
$269,001 - $404,000
$135,001 - $269,000
$67,001 - $135,000
$0 - $67,000
2.4%
2.4%
6.4%
6.4%
39.5%
39.5%
25.3%
25.3%
20.1%
20.1%
3.9%
3.9%
0.8%
0.8%
0.7%
0.7%
1.0%
1.0%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Very High for OR

Value Relative To Nation

Number Of Homes And Apartments:
7,229

Happy Valley Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OR*
Compared To
America*
Latest Quarter:
2021 Q3 - 2021 Q4
Last 12 Months:
2020 Q4 - 2021 Q4
Last 2 Years:
2019 Q4 - 2021 Q4
Last 5 Years:
2016 Q4 - 2021 Q4
Last 10 Years:
2011 Q4 - 2021 Q4
Since 2000:
2000 Q1 - 2021 Q4
157.74% 4.40%
3
9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,538 / per month

Homeownership Rate

Owners
Renters
Vacant
85.0%
85.0%
15.0%
15.0%
2.8%
2.8%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
62.3%
62.3%
28.6%
28.6%
8.2%
8.2%
0.9%
0.9%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
75.5%
75.5%
12.0%
12.0%
1.5%
1.5%
10.1%
10.1%
0.8%
0.8%
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.6%
1.6%
3.0%
3.0%
10.0%
10.0%
32.6%
32.6%
36.1%
36.1%
16.8%
16.8%
0.0% 100.0%
% OF HOMES