Rent in 97086 (Happy Valley, OR)
In ZIP 97086 (Happy Valley, OR), a 2-bedroom typically rents for $1,762–$1,878 a month, 6% below the Clackamas County Fair Market Rent of $1,878. Other sizes: studio $1,527, 1 bed $1,434–$1,633, 3 beds $2,369–$2,550, 4 beds $2,481–$3,069. 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 7.32% in the week of Oct 22, 2026.
Rent by bedrooms
| Size | Range | Best guess | County FMR |
|---|---|---|---|
| Studio | $1,527 | $1,527 | $1,527used above |
| 1 bed | $1,434–$1,633 | $1,434 | $1,63312% below |
| 2 beds | $1,762–$1,878 | $1,762 | $1,8786% below |
| 3 beds | $2,369–$2,550 | $2,369 | $2,5507% below |
| 4 beds | $2,481–$3,069 | $2,481 | $3,06919% below |
- Studio: HUD Fair Market Rent (county) $1,527 (Oct 1, 2026)
- 1 bed: Census ACS 5-year median gross rent $1,434 ±$124 (Dec 31, 2024); HUD Fair Market Rent (county) $1,633 (Oct 1, 2026)
- 2 beds: Census ACS 5-year median gross rent $1,762 ±$109 (Dec 31, 2024); HUD Fair Market Rent (county) $1,878 (Oct 1, 2026)
- 3 beds: Census ACS 5-year median gross rent $2,369 ±$119 (Dec 31, 2024); HUD Fair Market Rent (county) $2,550 (Oct 1, 2026)
- 4 beds: Census ACS 5-year median gross rent $2,481 ±$683 (Dec 31, 2024); HUD Fair Market Rent (county) $3,069 (Oct 1, 2026)
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).
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Frequently asked questions
- What is the rent for a 2-bedroom in 97086?
- Typically $1,762–$1,878 a month, with a best guess of $1,762. That is 6% below the Clackamas County Fair Market Rent ($1,878).
- What is the rent for a 1-bedroom in 97086?
- Typically $1,434–$1,633 a month, with a best guess of $1,434. That is 12% below the Clackamas County Fair Market Rent ($1,633).
- What is the rent for a 3-bedroom in 97086?
- Typically $2,369–$2,550 a month, with a best guess of $2,369. That is 7% below the Clackamas County Fair Market Rent ($2,550).
- What is the rent for a studio in 97086?
- $1,527 a month, the HUD Fair Market Rent for Clackamas County; there is no ZIP-level figure for 97086.
- What is the rent for a 4-bedroom in 97086?
- Typically $2,481–$3,069 a month, with a best guess of $2,481. That is 19% below the Clackamas County Fair Market Rent ($3,069).
- What is the property tax rate in ZIP 97086?
- 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 7.32% in the week of Oct 22, 2026 (Freddie Mac PMMS via FRED). It's a national average for owner-occupied loans; investment property loans usually cost more.
- Where do the 97086 rent figures come from?
- Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).