Living in Happy Valley, Oregon
Cost of living, income, home prices, rent and demographics of Happy Valley · Census data 2020–2024
Happy Valley has 26,738 residents with a median age of 39. The median household income is $122,151 (47% higher than the Oregon median), the median home value is $725,300, the median rent is $2,029/month.
Happy Valley at a glance
- Population
- 26,738
- Median age
- 39State: 40.4
- Median household income
- $122,151State: $83,011
- Median home value
- $725,300State: $477,600
- Median rent
- $2,029/moState: $1,525
- Homeowners
- 78.9%
- Bachelor's degree or higher
- 46.4%
- Average commute
- 27 min
Is Happy Valley a good place to live?
Pros: Median household income 47% higher than the Oregon median; unemployment of 4.8%; a poverty rate of 7.7%.
Cons: Home values 52% higher than the state median; an average commute of 27 minutes.
The weather is best in June to September.
Cost of living in Happy Valley
Housing is the biggest part of the cost of living. In Happy Valley the median home value is $725,300, 118% higher than the U.S. median. Renters pay a median of $2,029 per month, which is 35.4% of household income. Homeowners with a mortgage pay $3,106 a month in housing costs.
Happy Valley median household income
The median household income in Happy Valley is $122,151 and the income per person is $54,741. 7.7% of residents live below the poverty line (Oregon: 11.9%).
Housing in Happy Valley: homes for sale and rent
- Housing units
- 9,450
- Owner-occupied
- 78.9%
- Renter-occupied
- 21.1%
- Vacant
- 4.7%Includes seasonal homes
- Median year built
- 2009
- Average household size
- 2.96
Happy Valley demographics
- Population
- 26,738
- Median age
- 39
- Under 18
- 26.7%
- 65 and older
- 15.8%
- Households
- 9,002
- Foreign-born
- 18.2%
- Veterans
- 5.8%Adults 18+
Hispanic or Latino can be of any race. Population history of Happy Valley ›
Education in Happy Valley
46.4% of adults 25 and older in Happy Valley have a bachelor's degree or higher (Oregon: 36.8%), and 17.4% have a graduate or professional degree.
Jobs and commute in Happy Valley
- Unemployment rate
- 4.8%State: 5.4%
- Average commute
- 27 minState: 23 min
- Work from home
- 23.9%
- Drive alone
- 63.7%
- Public transit
- 1.4%
- Walk to work
- 3.6%
- Homes with broadband
- 95.7%
Happy Valley vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Happy Valley | 26,738 | $122,151 | $725,300 | $2,029 |
| Damascus | 11,437 | $122,500 | $653,100 | $2,654 |
| Johnson City | 499 | $48,167 | $87,800 | — |
| Oatfield | 13,294 | $103,224 | $569,000 | $1,786 |
| Gladstone | 11,977 | $91,250 | $480,700 | $1,740 |
| Milwaukie | 21,392 | $86,892 | $505,100 | $1,598 |
| Gresham | 112,378 | $77,795 | $458,700 | $1,586 |
| Jennings Lodge | 7,971 | $71,054 | $462,100 | $1,669 |
| Oak Grove | 16,796 | $86,226 | $515,700 | $1,744 |
More for people moving to Happy Valley
Happy Valley ZIP code ›Weather and climate ›Living in Happy Valley: FAQ
What is the median household income in Happy Valley, OR?
The median household income in Happy Valley is $122,151, 47% higher than the Oregon median of $83,011 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Happy Valley?
The median home value in Happy Valley is $725,300, compared with $477,600 in Oregon.
How much is rent in Happy Valley?
The median gross rent in Happy Valley is $2,029 per month, about 35.4% of household income.
Is Happy Valley, OR a good place to live?
Pluses: median household income 47% higher than the Oregon median; unemployment of 4.8%; a poverty rate of 7.7%. Minuses: home values 52% higher than the state median; an average commute of 27 minutes.
What is the median age in Happy Valley?
The median age in Happy Valley is 39 years (Oregon: 40.4).
How long is the commute in Happy Valley?
The average commute to work in Happy Valley is 27 minutes; 23.9% of workers work from home.
What is the unemployment rate in Happy Valley?
The unemployment rate in Happy Valley is 4.8% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Happy Valley?
46.4% of adults in Happy Valley have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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