Rent to own Homes in Happy Valley, OR
Happy Valley, OR is a small town that is only six miles from Portland. The area's natural setting has long attracted residents. The city was originally called Christilla Valley after the city's first residents who arrived in 1851. In 1965, the city was renamed to Happy Valley. The town retained its rural charm until the 1990s when rapid development took place and brought more housing opportunities to the city.
Happy Valley, OR is a great place for affordable rent-to-own homes! With a median household income of over $124,381 and a median rent of $1,688, the Happy Valley, OR rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Happy Valley, OR. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
More Happy Valley, OR Property Resources
Rent to own Homes in Cities Near Happy Valley, OR
- Bethany
- Boring
- Cedar Hills
- Cedar Mill
- Clackamas
- Colton
- Corbett
- Dunthorpe
- Durham
- Eagle Creek
- Estacada
- Fairview
- Felida
- Garden Home-Whitford
- Gladstone
- Gresham
- Happy Valley
- Hazel Dell
- Hillsboro
- Jennings Lodge
- Johnson City
- King City
- Lake Oswego
- Marlene Village
- Maywood Park
- Metzger
- Milwaukie
- Molalla
- Mulino
- Oak Grove
- Oak Hills
- Oatfield
- Oregon City
- Orient
- Portland
- Raleigh Hills
- Ridgefield
- Rivergrove
- Rockcreek
- Sandy
- Sherwood
- Stafford
- Tigard
- Troutdale
- Tualatin
- West Haven-Sylvan
- West Linn
- West Slope
- Wilsonville
- Wood Village
Neighborhoods in Happy Valley, OR
Happy Valley rent to own homesPopular Zip Codes in Happy Valley, OR
97086 rent to own homesBuying a Home in Happy Valley, OR
Happy Valley, OR is seeing rapid growth and Happy Valley, OR's' housing market remains not optimal with an average home price that is 142% above the 2024 national average. Happy Valley, OR is part of Clackamas county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2024 for county Clackamas is 0.85% which is below the national average, which is 0.99%.
Median Home Price in Happy Valley, OR
Median Rent in Happy Valley, OR
Top 5 Reasons to Live in Happy Valley, OR
Parks and Natural Areas! At Happy Valley Park, residents can enjoy 24 acres of wetland that has been preserved in its natural setting. Walkers have access to a boardwalk and a paved pathway that runs throughout the park. The Splash Pad makes for great summers and has 16 sprays to keep visitors cool. The park has a jungle gym, playground and an off-leash dog area. Powell Butte Nature Park has more than 600 acres of meadows and forests. The park is located near Johnson Creek's headwaters and has a population of steelhead and native salmon.
Rising Property Values! As of 2012, the median house value in Happy Valley, OR, was $384,436, which is a marked increase from the value of $302,800 in 2000. Townhouses or other attached units have a slightly higher mean price in 2012 of $977,928. If you're interested in the city's most desirable communities, check out the Vista Heights, Pleasant Valley or Highland Summit neighborhoods.
High Homeownership Rates! According to the 2010 census, more than 85 percent of Happy Valley residents owned their own home. This is much higher than the state average, which is only 62.5 percent. As of 2010, there were 4,708 housing units in the city, so residents can easily find rent to own homes or homes for sale. In 2012, the median gross rent was $1,306. Multi-family units comprise 6.8 percent of the available housing. If you're looking for great neighborhoods that are conveniently located, try the areas around Renee Park, West Mt. Scott and Powellhurst-Gilbert.
Fresh Produce at Farmers Markets! Happy Valley residents have access to several great farmers markets. At the Sunnyside Grange Farmers and Artists Markets, vendors have crafts, fresh produce, fine foods and baked goods. The market is open weekly, and admission is free. The Sunnyside Farmers Market has arts and crafts, food and produce. The market is held weekly through October 5 at the Sunnyside Foursquare Church.
Great Dining Options! The city has several local restaurants with an eclectic selection of culinary options. For casual fare, check out Valley Growlers. The pub is a sports bar that has an outdoor seating section. Arawan serves vegetarian, Asian and Thai.