Happy Valley, OR
Population 25,572 · Oregon
About Happy Valley, OR
Happy Valley is a mid-sized city located in Oregon with a population of 25,572 residents according to the latest US Census Bureau American Community Survey data. The median household income is $120,324 per year, which is 60% above the national median of $75,149. The median age of 39.7 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Happy Valley features a median home value of $671,800, which is 174% above the national median of $244,900. This places Happy Valley in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $2,025, 74% above the national average of $1,163/month. Of the 9,076 total housing units, 82% are owner-occupied (7,137 units) and 18% are renter-occupied (1,564 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Happy Valley shows an unemployment rate of 3.7%, which is near the national rate of 3.7%. The poverty rate stands at 6.9%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Happy Valley have an average one-way commute time of 28.1 minutes.
Education & Demographics
46.4% of Happy Valley residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 4.3% White, 2.4% Hispanic or Latino, 0.1% Black or African American, and 3.2% Asian residents, with 17.1% of the population being foreign-born.
How Happy Valley Ranks in Oregon
Cost of Living in Happy Valley, OR
Compared to national averages, Happy Valley has a median household income of $120,324 (60% above the national median of $75,149). Home values average $671,800, which is 174% above the national median. Monthly rent at $2,025 is 74% above the US average of $1,163. Within Oregon, Happy Valley's income is 58% above the state average of $76,196, and home values are 76% above the state median of $382,095.
Why Live in Happy Valley, OR?
Happy Valley offers a strong local economy with a median household income of $120,324, well above the national average, and a well-educated community where 46.4% of residents hold a bachelor’s degree or higher, and a low poverty rate of 6.9%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $671,800. However, Happy Valley’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Happy Valley has a population of 25,572 with a median age of 39.7 years. Compare Happy Valley with other cities to see how it stacks up, or explore all cities in Oregon.
Similar Cities Near Happy Valley
Cities in Oregon with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Newberg | 25,622 | $91,389 | $453,700 | Compare |
| Wilsonville | 26,183 | $87,371 | $584,700 | Compare |
| Forest Grove | 26,406 | $81,998 | $464,300 | Compare |
| Woodburn | 26,845 | $67,469 | $308,400 | Compare |
| West Linn | 27,065 | $138,526 | $733,300 | Compare |
| Roseburg | 23,773 | $52,928 | $266,600 | Compare |
| Tualatin | 27,710 | $105,073 | $595,800 | Compare |
| Hayesville | 22,309 | $59,299 | $331,200 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Oregon
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Happy Valley With Other Cities
Frequently Asked Questions about Happy Valley
What is the population of Happy Valley, OR?
The population of Happy Valley, OR is 25,572 according to the latest US Census Bureau American Community Survey estimates. This makes it a mid-sized city in Oregon.
What is the median household income in Happy Valley?
The median household income in Happy Valley, OR is $120,324 per year, which is 60% above the national median of $75,149.
What is the median home value in Happy Valley?
The median home value in Happy Valley, OR is $671,800, which is 174% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Happy Valley?
The median monthly rent in Happy Valley, OR is $2,025, which is 74% above the national average of $1,163/month.
What is the unemployment rate in Happy Valley?
The unemployment rate in Happy Valley, OR is 3.7%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Happy Valley, OR a good place to live?
Happy Valley offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 25,572 and a median age of 39.7, the city appeals to a broad range of residents.
How educated is Happy Valley, OR?
46.4% of residents in Happy Valley aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Happy Valley?
Key cost-of-living indicators for Happy Valley, OR: median home value is $671,800 (174% above national), median rent is $2,025/month, and median household income is $120,324. The home-value-to-income ratio is 5.6x, a moderate figure by national standards.
What is the poverty rate in Happy Valley?
The poverty rate in Happy Valley, OR is 6.9%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Happy Valley, OR?
Happy Valley's population is 4.3% White, 2.4% Hispanic or Latino, 0.1% Black or African American, 3.2% Asian, and 1.8% two or more races. 17.1% of residents are foreign-born.