salaryRent is higher than in 74% of U.S. cities. A typical house costs about 5.5 years of household income. Most homes (78.9%) are owned, so rentals can be hard to find.
How much money do I need?
To rent here comfortably, you should earn about $84,440 a year. That is $41 an hour at a full-time job.
Is rent cheaper than other Oregon cities?
No. Rent here is more expensive than in most of Oregon. It is number 86 of 105 cities from cheapest to most expensive.
How much do households earn in Happy Valley?
Share of households by yearly income. 49.7% of households earn $100,000 or more.
Rent by apartment size in Happy Valley
| Size | Happy Valley | U.S. average |
|---|---|---|
| Studio | $1,865 | $1,338 |
| 1 bedroom | $1,867 | $1,324 |
| 2 bedrooms | $2,239 | $1,509 |
| 3 bedrooms | $2,582 | $1,698 |
| 4 bedrooms | $2,430 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Happy Valley overall?
Everyday prices in Oregon overall are 3% above the U.S. average (index 103.4, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Happy Valley, so the Oregon figure is shown.
Taxes and bills in Happy Valley
Life in Happy Valley
Is it cheaper to rent or buy in Happy Valley?
Renting is cheaper right now: about $2,922 a month less.
Owning assumes a typical $725,300 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $72,530 for the down payment.
Frequently asked questions
What is the average rent in Happy Valley, OR?
Renting in Happy Valley costs a median of about $2,111 a month in 2026, including utilities. The Oregon median is $1,811.
How much do I need to make to live in Happy Valley?
To keep rent under 30% of income, you need about $84,440 a year, or $41 an hour at a full-time job.
Is Happy Valley cheap or expensive?
Happy Valley is rated Cheap: rent takes 19.2% of the typical household income of $131,740. It ranks 86th cheapest of 105 Oregon cities we track.
How much are property taxes in Happy Valley?
The median homeowner in Happy Valley pays $7,542 a year in property taxes, about 1.04% of the median home value.
Is Happy Valley more expensive than the national average?
Overall prices in Oregon are 3% above the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Happy Valley?
The median home value in Happy Valley is $725,300, about 5.5 times the typical yearly household income.
26,738 people live in Happy Valley. Numbers are typical (middle) values.