City

Happy Valley, OR

1 ZIP code  ·  Multnomah County  ·  Oregon

👥33,685Population
💰$102,591Median HH Income▲ 34% above avg
🎂41.2Median Age
🏠$655,700Median Home Value▲ 135% above avg
🎓53.7%College Grads▲ 39% above avg
📊4.5%Unemployment▼ 8% below avg
People & Population (ACS 2023 — weighted avg)
♂ Male 49.7% Female 50.4% ♀

Race & Ethnicity

White: 63.1%Hispanic: 8.9%Black: 2.1%Asian: 16.6%Other: 7.6%Race
White63.1%
Hispanic8.9%
Black2.1%
Asian16.6%
Other7.6%

Age Breakdown

Under 5
4%
5–17
18%
18–24
9%
25–44
24%
45–64
26%
65+
7%

Key Indicators

Median Age41.2 yrs
Avg HH Size2.65
Below Poverty8.4% ▼ 16% below avg
College Grads53.7% ▲ 39% above avg
Unemployment4.5% ▼ 8% below avg
No HS Diploma316 (1.4%)
HS Graduate3,656 (16.4%)
Some College2,544 (11.4%)
Associates3,822 (17.1%)
Bachelors2,438 (10.9%)
Graduate Degree9,531 (42.7%)

Education

No HS: 1.4%HS Grad: 16.4%Some College: 11.4%Associates: 17.1%Bachelors: 10.9%Graduate: 42.7%Edu
No HS1.4%
HS Grad16.4%
Some College11.4%
Associates17.1%
Bachelors10.9%
Graduate42.7%
Housing & Income

Housing Tenure

Owner: 64%Renter: 36%Tenure
Owner64.0%
Renter36.0%

Home Value Distribution

Under $50k
2%
$50k–$100k
0%
$100k–$150k
0%
$150k–$200k
0%
$200k–$300k
1%
$300k–$500k
19%
Over $500k
77%

Financials

Median HH Income$102,591 ▲ 34% above avg
Median Home Value$655,700 ▲ 135% above avg
Home/Income Ratio6.4x (nat avg ~3.5x)
Median Rent$1,598/mo
Total Housing Units13,440
Vacant Units814

Income Distribution

Under $25k
11%
$25k–$50k
10%
$50k–$75k
14%
$75k–$100k
12%
$100k–$150k
21%
$150k–$200k
11%
Over $200k
21%
Employment & Commute

How People Get to Work

Drove Alone
72%
Public Transit
4%
Walked
4%
Work From Home
20%

Commute Time

Under 15 min
22%
15–30 min
38%
30–45 min
24%
Over 45 min
16%
Housing Stock

Year Built

Before 1940
0%
1940s–1950s
4%
1960s–1970s
11%
1980s–1990s
23%
2000+
60%
About Happy Valley, OR

Happy Valley is a city in Oregon, located in Multnomah County. The city spans 1 ZIP code and is home to approximately 33,685 residents. It is a middle-aged city, with a median age of 41.2 years.

Economically, Happy Valley is a upper-middle-income community. The median household income of $102,591 is above the national average. Approximately 8.4% of residents live below the poverty line. The unemployment rate is 4.5%, near the national average.

The real estate market in Happy Valley is a premium housing market. Median home values stand at $655,700, which is more than double the national average. Renters typically pay around $1,598 per month. Homeownership is high at 64.0%, typical of suburban and family-oriented communities.

The population of Happy Valley is well-educated. 53.7% of adults hold a bachelor's degree or higher — above the national average. The community is majority White (63.12%).

Happy Valley, OR offers residents above-average earning potential within Oregon.

ZIP Codes in Happy Valley
ZIPPopulationMedian IncomeMedian HomeMedian RentUnemp.CollegeOwner Occ.
97086 33,685 $102,591 $655,700 $1,598 4.5% 53.7% 64.0%