Rent in Happy Valley, OR
A 2-bedroom in Happy Valley, OR (ZIP 97086) typically rents for about $1,762 a month, with a range of $1,762–$1,878. Owner-occupied homes in Clackamas County pay about 0.85% of their value a year in property tax, and the 30-year fixed mortgage rate averaged 7.24% in the week of Oct 29, 2026.
Rent by bedrooms
| Size | Typical | Range across ZIPs | ZIPs |
|---|---|---|---|
| Studio | $1,527 | $1,527 | 1 |
| 1 bed | $1,434 | $1,434–$1,633 | 1 |
| 2 beds | $1,762 | $1,762–$1,878 | 1 |
| 3 beds | $2,369 | $2,369–$2,550 | 1 |
| 4 beds | $2,481 | $2,481–$3,069 | 1 |
Typical = median of each ZIP's best guess. Gross rent (rent plus tenant-paid utilities). Sources: Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).
Happy Valley ZIP codes
2 bedsFrequently asked questions
- What is the average rent for a 2-bedroom in Happy Valley, OR?
- About $1,762 a month: the median of the typical rents in 1 ZIP code, which range from $1,762–$1,878. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Happy Valley, OR?
- About $1,434 a month: the median of the typical rents in 1 ZIP code, which range from $1,434–$1,633. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Happy Valley, OR?
- About $2,369 a month: the median of the typical rents in 1 ZIP code, which range from $2,369–$2,550. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Happy Valley, OR?
- About $1,527 a month: the median of the typical rents in 1 ZIP code, which range from $1,527. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Happy Valley, OR?
- About $2,481 a month: the median of the typical rents in 1 ZIP code, which range from $2,481–$3,069. Figures are gross rent (rent plus tenant-paid utilities).
- What is the property tax rate in Happy Valley, OR?
- Owner-occupied homes in Clackamas County pay a typical 0.85% of their value a year (Census ACS, median taxes paid ÷ median home value, Dec 31, 2024). Investors often pay more after a purchase: the home is reassessed at the sale price and there is no homestead exemption.
- What is the current 30-year mortgage rate?
- The 30-year fixed rate averaged 7.24% in the week of Oct 29, 2026 (Freddie Mac PMMS via FRED). It's a national average for owner-occupied loans; investment property loans usually cost more.
- Where do these Happy Valley rent figures come from?
- Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).