Disclaimer: Covid-19 may have impacted rent prices in a way that is not yet reflected in our reports. When referencing the data published on this page, please keep in mind that the data provided here may not accurately depict the current reality of the market.
Happy Valley, OR Rental Market Trends
What is the average rent in Happy Valley?
The average rent for an apartment in Happy Valley is $1,459, a 4% increase compared to the previous year, when the average rent was $1,409.
Average Rent in Happy Valley, OR
Last updated April 2021
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $1,459 | 4% | 897 sq. ft. |
What is the average apartment size in Happy Valley?
The average size for a Happy Valley, OR apartment is 897 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.
Happy Valley, OR Apartment Rent Ranges
- $701-$1,0003%
- $1,001-$1,50059%
- $1,501-$2,00035%
- > $2,0002%
Happy Valley, OR Occupied Housing Units
- Renter-occupied Households20%
- Owner-occupied Households79%
1,393 or 20% of the households in Happy Valley, OR are renter-occupied while 5,558 or 79% are owner-occupied.
Happy Valley, OR Rent Trends
| Average Rent | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Nov / 2019 | Mar / 2020 | Jul / 2020 | Nov / 2020 | Apr / 2021 |
|---|---|---|---|---|---|---|---|---|---|---|
| Happy Valley, OR | $1,325 | $1,325 | $1,385 | $1,379 | $1,442 | $1,429 | $1,409 | $1,416 | $1,458 | $1,459 |
| National | $1,346 | $1,355 | $1,359 | $1,356 | $1,391 | $1,398 | $1,400 | $1,390 | $1,395 | $1,407 |
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How Happy Valley Compares to Other Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Portland | $1,509 | -1% |
| Eugene | $1,417 | 4% |
| Vancouver | $1,404 | 5% |
| Beaverton | $1,406 | 1% |
| Gresham | $1,345 | 3% |
| Hillsboro | $1,582 | 3% |
| Salem | $1,131 | 5% |
| Tigard | $1,386 | 2% |
| Wilsonville | $1,492 | 3% |
| Happy Valley | $1,459 | 4% |
| Oregon City | $1,483 | 6% |
Most Popular Apartments in Happy Valley
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 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.