Housing in Happy Valley, OR

Home values, rent, ownership rates, and housing market data

Housing Market Snapshot

Source: Redfin — January 2026

Median Sale Price

$725,000

Median List Price

$645,000

Price Per Sq Ft

$279

Days on Market

102

Active Inventory

85

Months of Supply

3.1

Seller's market

Zillow Home Value

$669,716

ZHVI — January 2026

Zillow Rent Index

$1,894

ZORI — January 2026

Price Trends

Source: Redfin
Sale Price ↑ 6.6%List Price ↓ 9.5%Mar 24 → Jan 26

Market Competitiveness

Source: Redfin

Sold Above List

14.8%

Off Market in 2 Weeks

24.4%

Sale-to-List Ratio

98.5%

Buyer's market

Sold Above Asking
14.8%
Under Contract in 2 Wks
24.4%
Listings with Price Drops
27.1%

Market Activity

Source: Redfin

Homes Sold

27

New Listings

41

Pending Sales

45

Homes Sold ↓ 30.8%New Listings ↓ 10.9%Pending ↓ 4.3%Mar 24 → Jan 26

Price Per Square Foot

Source: Redfin

Median Sale $/SF

$279

Median List $/SF

$279

Sale $/SF ↓ 3.1%List $/SF ↑ 2.6%Mar 24 → Jan 26

Happy Valley vs Similar Cities

Source: Census ACS / Redfin (2023)

Compared to cities with 25,000 - 50,000 residents. Happy Valley is highlighted.

Median Home Value

Median Rent

Median Price Per Sq Ft

Rent Burden

Census Housing Data

Source: U.S. Census Bureau ACS (2023)

Median Home Value

$671,800

Median Rent

$2,025

Total Housing Units

9,076

Vacancy Rate

4.1%

Owner Occupied

82.0%

Renter Occupied

18.0%

Median Property Tax

$7,028

per year

Monthly Cost (w/ Mortgage)

$2,399

Housing Types

Single Family
82.7%
Multi-Family
16.3%
Mobile Home
1.0%

The current median sale price in Happy Valley, OR is $725,000 according to Redfin data. Homes spend a median of 102 days on the market. 14.8% of homes sold above asking price. The market has 3.1 months of supply. The median price per square foot is $279. Zillow's observed rent index is $1,894/month. About 82.0% of housing units are owner-occupied. The median year homes were built is 2006. There are 9,076 total housing units.