Happy Valley, OR


Highest Appreciating Happy Valley Neighborhoods Since 2000

Happy Valley, OR Real Estate Data

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 Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Happy Valley Housing Market Information

With a population of 18,493, 5,253 total housing units (homes and apartments), and a median house value of $519,405, 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 83.99% of Happy Valley's homes, and 69.52% 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. 55.27% 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 ( 32.77%), and between 1940-1969 ( 11.28%).

Happy Valley Home Appreciation Rates

Appreciation rates for homes in Happy Valley have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 7.10%, which ranks in the top 40% nationwide. This equates to an annual average Happy Valley house appreciation rate of 0.69%.

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 9.13%, which is higher than appreciation rates in 91.14% 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 2.08%, which equates to an annual appreciation rate of 8.56%.

Importantly, this makes Happy Valley one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Oregon, our data show that Happy Valley's latest annual appreciation rate is lower than 50% 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:

Happy Valley, OR HOME PRICES

Value Range
> $1,365,000 0.6
$1,023,001 - $1,365,000 3.0
$682,001 - $1,023,000 13.5
$546,001 - $682,000 24.0
$409,001 - $546,000 29.8
$273,001 - $409,000 18.6
$137,001 - $273,000 5.4
$68,001 - $137,000 0.6
$0 - $68,000 4.5

Very High for OR
Very High for Nation

Value Relative to Nation Value Relative to State
5.41427399507793 2.41545893719807

Number Of Homes And Apartments:

Happy Valley Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
77.73% 3.39% 7 9
* 10 is highest

Rent & Ownership


Average Market Rent:
$3,059 / per month

Homeownership Rate

Owners 83.99
Renters 16.01
Vacant 4.30

Housing Market Details


Age of Homes

AGE OF Happy Valley HOMES
2000 or Newer 55.3
1970 - 1999 32.8
1940 - 1969 11.3
1939 or Older 0.7

Types of Homes

TYPE OF Happy Valley HOMES
Single-Family 84.3
Townhomes 4.2
Small Apt. Buildings 0.0
Apt. Complexes 10.0
Mobile Homes 1.5
Other 0.0

Home Size

SIZE OF Happy Valley HOMES
No Bedroom 0.42
1 Bedroom 2.82
2 Bedrooms 10.53
3 Bedrooms 29.39
4 Bedrooms 40.13
5 or more bedrooms 16.71