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 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (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 22,553 people, 6,951 houses or apartments, and a median cost of homes of $568,578, 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 84.07% of Happy Valley's homes, and 68.53% 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. 60.24% 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 ( 32.06%), and between 1940-1969 ( 6.39%). There's also some housing in Happy Valley built before 1939 ( 1.31%).

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 72.84% over the last ten years, which is an average annual home appreciation rate of 5.62%, putting Happy Valley in the top 10% 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.

NeighborhoodScout's data show that during the latest twelve months, Happy Valley's appreciation rate, at 5.36%, has been at or slightly above the national average. In the latest quarter, Happy Valley's appreciation rate has been 2.10%, which annualizes to a rate of 8.65%.

Relative to Oregon, our data show that Happy Valley's latest annual appreciation rate is lower than 80% 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:
$568,578

Happy Valley, OR HOME PRICES

> $1,198,000
1.9%
1.9%
$899,001 - $1,198,000
6.2%
6.2%
$599,001 - $899,000
33.3%
33.3%
$480,001 - $599,000
26.0%
26.0%
$359,001 - $480,000
21.6%
21.6%
$240,001 - $359,000
7.1%
7.1%
$120,001 - $240,000
1.7%
1.7%
$60,001 - $120,000
0.6%
0.6%
$0 - $60,000
1.6%
1.6%
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:
6,951

Happy Valley Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OR*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
114.07% 3.69%
5
9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,383 / per month

Homeownership Rate

Owners
84.1%
84.1%
Renters
15.9%
15.9%
Vacant
2.9%
2.9%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
60.2%
60.2%
1970 - 1999
32.1%
32.1%
1940 - 1969
6.4%
6.4%
1939 or Older
1.3%
1.3%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
79.4%
79.4%
Townhomes
7.8%
7.8%
Small Apt. Buildings
1.0%
1.0%
Apt. Complexes
10.8%
10.8%
Mobile Homes
0.9%
0.9%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
2.0%
2.0%
1 Bedroom
2.5%
2.5%
2 Bedrooms
10.5%
10.5%
3 Bedrooms
29.3%
29.3%
4 Bedrooms
39.2%
39.2%
5 or more bedrooms
16.5%
16.5%
0.0% 100.0%
% OF HOMES