Happy Valley, Oregon Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Happy Valley, Oregon rental market.
Happy Valley, Oregon
Average Apartment Rent
$1,864
Y-o-Y Change in Average
Apartment Rent
1%
As of May 2026
Compared to a year ago, Happy Valley, Oregon apartments have recorded a 1% rent increase.
Happy Valley, Oregon Average apartment rent trend
Happy Valley, Oregon Average Apartment Rent
Happy Valley, Oregon Apartment rent ranges
At 60.04%, apartments priced $1,500 - $2,000 represent the bulk of Happy Valley, Oregon rentals, while condos priced Over $3,000 hold the lowest share of the market – 0.1%.
Happy Valley, Oregon Housing tenure**
Renters take up 17% of Happy Valley, Oregon real estate, occupying a total of 1,356 units, while homeowners live in 6,792 properties.
Median number of rooms of renter-occupied housing units**
4.2
Renter median household income**
$72,500
Average household size of renter-occupied housing units**
2.26
Happy Valley, Oregon Renter-occupied housing units by no. of bedrooms**
There are 385 rentals in Happy Valley, Oregon with 3 beds making up the highest share of the market, at 28%. Units with 5 or more beds, on the other hand, hold the lowest percentage (4%), amounting to 59 units. Overall, the median number of rooms in Happy Valley, Oregon homes for rent is 4.2.
Happy Valley, Oregon Renter-occupied units by age of householder**
Most condos for rent in Happy Valley, Oregon are occupied by residents in the 25 - 34 years age group (29%), followed by those in the 45 - 54 years age group (16%). At the same time, people in the 15 - 24 years age group make up the lowest share of the local rental market – 5%.
Happy Valley, Oregon Renter-occupied housing units by family type**
Happy Valley, Oregon Renter-occupied housing units by the presence of own children**
A total of 676 apartments for rent in Happy Valley, Oregon, or 50% of all rentals are family households. Additionally, 30% of rental homes include children under the age of 18 – that’s 412 units. All in all, the median size of a renter-occupied household in Happy Valley, Oregon is 2.26.
Happy Valley, Oregon Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 37% of the rental market. In contrast, residents with less than a high school degree reside in 3% of the homes for rent in Happy Valley, Oregon.
Happy Valley, Oregon Renter-occupied units by year structure built**
The highest share of Happy Valley, Oregon apartment rentals, namely 51% or 685 units, were Built 2010 - 2019, followed by those Built 1990 - 1999 (16%, 216 units), and the ones Built 2000 - 2009 (13%, 179 units).
Happy Valley, Oregon Renter-occupied units by year householder moved in**
Median year renter moved into unit 2019
Most Happy Valley, Oregon renters (37%) moved in 2018 to 2020, while only 5% of them moved in 2000 to 2009. Overall, the median year renters have occupied their Happy Valley, Oregon condos for rent is 2019.
Happy Valley, Oregon Renter-occupied housing units by vehicles available**
When it comes to transportation options, 45% of Happy Valley, Oregon renters have 1 vehicle available per household, 25% of them have 2 vehicles available, and 13% have No vehicle available.
Happy Valley, Oregon Means of transportation to work of householders living in renter-occupied housing units**
Happy Valley, Oregon Geographical mobility in the past year for householders living in renter-occupied housing units**
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Happy Valley, Oregon apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
