What HUD offices serve Happy Valley, Oregon?
Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.
Go to the Oregon Public Housing and Low-Income Apartments Waiting Lists page for openings near Happy Valley.
How many renters live in Happy Valley, Oregon?
The City of Happy Valley has people living in households.
There are renters living in renter households in this City. Renters make up 12.58 percent of the population living in Happy Valley.
What is the rental market like in Happy Valley, Oregon?
There are an estimated housing units in the Happy Valley area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Happy Valley, Oregon, there are 1 rental units.
What is the vacancy rate for rentals in Happy Valley?
The rental vacancy rate in Happy Valley is 0 percent. This is a lower than average vacancy rate. When rental vacancy rates are low there are fewer available units. Rents tend to be higher as more people compete for scarce housing.
How many rental units are in Happy Valley for each bedroom size?
Occupied Rental Units by Size in Happy Valley
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 92 | 361 | 370 | 385 | 89 |
Occupied Rental Units by Size in Happy Valley
A large number of apartments in Happy Valley have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How Much Is Rent in Happy Valley
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,650 to $3,254. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $1,650 |
| One BR | $1,776 |
| Two BR | $2,024 |
| Three BR | $2,809 |
| Four BR | $3,254 |
2024 Fair Market Rents in Happy Valley, Oregon
How many units are rented at Fair Market Rent (FMR) in Happy Valley?
Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.
These are the approximate number of units renting below the FMR in this market:
| Unit Size | Count of Units Below FMR | Percentage of Total Units Below FMR |
| Studio | 68 | 74 percent |
| One BR | 151 | 42 percent |
| Two BR | 14 | 4 percent |
Rental Units Below FMR in Happy Valley, Oregon
How many affordable rental units are in Happy Valley?
Income Based Apartments in Happy Valley, Oregon
Happy Valley features 100 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.
Low Rent Apartments in Happy Valley, Oregon
There are 93 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Happy Valley.
Housing Choice Vouchers in Happy Valley, Oregon
On average, Section 8 Housing Choice vouchers pay Happy Valley landlords $900 per month towards rent. The average voucher holder contributes $600 towards rent in Happy Valley.
The maximum amount a voucher would pay on behalf of a low-income tenant in Happy Valley, Oregon for a two-bedroom apartment is between $1,822 and $2,226.
Sourced from federal housing data and AffordableHousingOnline.com research.