{
  "schema_version": "1.0",
  "submarket": {
    "slug": "happy-valley-or",
    "name": "Happy Valley",
    "state": "OR",
    "city": "HAPPY VALLEY",
    "cbsa": "Portland-Vancouver-Hillsboro",
    "zip_codes": [
      "97086",
      "97089"
    ]
  },
  "report": {
    "yearmonth": "202608",
    "month_label": "August 2026",
    "first_published_at": "2026-10-03T17:22:32.167Z",
    "last_updated_at": "2026-10-03T17:22:32.149Z"
  },
  "rents": {
    "apartment": {
      "1br": {
        "median": 1442,
        "low": 1398,
        "high": 1485,
        "mom_pct": -12.378181818181817,
        "yoy_pct": -13.639545454545454
      },
      "2br": {
        "median": 1895,
        "low": 1834,
        "high": 1956,
        "mom_pct": -0.6875,
        "yoy_pct": -3.875
      },
      "3br": {
        "median": 2906,
        "low": 2818,
        "high": 2993,
        "mom_pct": 0.69,
        "yoy_pct": -0.455
      },
      "4br": {
        "median": 3760,
        "low": 3701,
        "high": 3823,
        "mom_pct": 0.8849999999999999,
        "yoy_pct": -0.014999999999999994
      }
    },
    "condo_townhome": {
      "1br": {
        "median": 1919,
        "low": 1871,
        "high": 1966,
        "mom_pct": 0.9,
        "yoy_pct": -0.43999999999999995
      },
      "2br": {
        "median": 2083,
        "low": 2030,
        "high": 2135,
        "mom_pct": -0.954,
        "yoy_pct": -2.1919999999999997
      },
      "3br": {
        "median": 3008,
        "low": 2897,
        "high": 3119,
        "mom_pct": -1.09,
        "yoy_pct": -4.115
      },
      "4br": {
        "median": 3770,
        "low": 3676,
        "high": 3828,
        "mom_pct": 0.91,
        "yoy_pct": 0.23
      }
    },
    "single_family": {
      "1br": {
        "median": 2002,
        "low": 1932,
        "high": 2072,
        "mom_pct": -8.38625,
        "yoy_pct": -8.51375
      },
      "2br": {
        "median": 2445,
        "low": 2384,
        "high": 2506,
        "mom_pct": -0.5257142857142857,
        "yoy_pct": -1.445714285714286
      },
      "3br": {
        "median": 3032,
        "low": 2941,
        "high": 3123,
        "mom_pct": 1.2429411764705884,
        "yoy_pct": -0.3158823529411765
      },
      "4br": {
        "median": 3528,
        "low": 3404,
        "high": 3651,
        "mom_pct": -0.318,
        "yoy_pct": -1.4259999999999997
      }
    }
  },
  "vacancy": 3.6279,
  "days_on_market": {
    "apartment": 31,
    "condo_townhome": 32,
    "single_family": 25
  },
  "ai_summary": [
    {
      "headline": "1BR apartments drop 13.6% YoY to $1,442",
      "body": "In the Happy Valley (97086, 97089) rental market, 1-bedroom apartments declined to $1,442, a 13.64% decrease year-over-year. The segment also posted a 12.38% drop month-over-month, reflecting significant downward movement in smaller apartment units across recent periods."
    },
    {
      "headline": "3BR single-family rises 1.24% MoM to $3,032",
      "body": "Among larger homes, 3-bedroom single-family properties in Happy Valley (97086, 97089) saw median rents reach $3,032 with a 1.24% increase month-over-month. This segment contrasts with smaller unit declines, highlighting improved short-term performance for family-sized rentals."
    },
    {
      "headline": "4BR condo rents edge past apartments by $10",
      "body": "The data reveals that Happy Valley (97086, 97089) rental trends favor 4-bedroom condos, which commanded $3,770 in median rent—outperforming 4-bedroom apartments by $10. Condos additionally managed a 0.91% MoM and 0.23% YoY gain, while apartments were nearly flat annually."
    }
  ],
  "summary": {
    "canonical": [
      "As of August 2026, rental prices in Happy Valley, OR range from $1,442 to $3,770 per month depending on property type and bedroom count.",
      "The largest year-over-year decline occurred in 1-bedroom apartments, where rents dropped by -13.64%.",
      "Median rent for 3-bedroom single-family homes is $3,032, which exceeds both 3-bedroom condos/townhomes at $3,008 and 3-bedroom apartments at $2,906."
    ],
    "qa": [
      {
        "question": "What is the overall range of rents in Happy Valley, OR as of August 2026?",
        "answer": "In August 2026, Happy Valley, OR rents span from $1,442 for a 1-bedroom apartment up to $3,770 for a 4-bedroom condo/townhome."
      },
      {
        "question": "Which property and bedroom type in Happy Valley, OR had the biggest annual rent decrease, and was the decline broad or targeted?",
        "answer": "The largest year-over-year decrease in Happy Valley, OR was in 1-bedroom apartments, dropping -13.64%, and all apartment sizes experienced annual declines though less sharply for other bedroom counts."
      },
      {
        "question": "What is the premium in rent between apartments and condos/townhomes for the same bedroom count in Happy Valley, OR?",
        "answer": "In August 2026, 1-bedroom condos/townhomes rent for $1,919, a $477 premium over 1-bedroom apartments at $1,442; 2-bedroom condos/townhomes rent for $2,083, $188 higher than equivalent apartments at $1,895."
      },
      {
        "question": "Which bedroom and property type offers the lowest rent in Happy Valley, OR?",
        "answer": "The lowest rent is found in 1-bedroom apartments at $1,442 per month as of August 2026 in Happy Valley, OR."
      }
    ]
  },
  "history": [
    {
      "yearmonth": "202608",
      "month_label": "August 2026",
      "rents": {
        "apartment": {
          "1br": 1442,
          "2br": 1895,
          "3br": 2906,
          "4br": 3760
        },
        "condo_townhome": {
          "1br": 1919,
          "2br": 2083,
          "3br": 3008,
          "4br": 3770
        },
        "single_family": {
          "1br": 2002,
          "2br": 2445,
          "3br": 3032,
          "4br": 3528
        }
      }
    },
    {
      "yearmonth": "202607",
      "month_label": "July 2026",
      "rents": {
        "apartment": {
          "1br": 1699,
          "2br": 1965,
          "3br": 2886,
          "4br": 3727
        },
        "condo_townhome": {
          "1br": 1902,
          "2br": 2110,
          "3br": 2998,
          "4br": 3736
        },
        "single_family": {
          "1br": 2185,
          "2br": 2461,
          "3br": 3056,
          "4br": 3544
        }
      }
    },
    {
      "yearmonth": "202606",
      "month_label": "June 2026",
      "rents": {
        "apartment": {
          "1br": 1730,
          "2br": 1936,
          "3br": 2874,
          "4br": 3705
        },
        "condo_townhome": {
          "1br": 1880,
          "2br": 2094,
          "3br": 3018,
          "4br": 3701
        },
        "single_family": {
          "1br": 2165,
          "2br": 2448,
          "3br": 3018,
          "4br": 3535
        }
      }
    },
    {
      "yearmonth": "202605",
      "month_label": "May 2026",
      "rents": {
        "apartment": {
          "1br": 1741,
          "2br": 1959,
          "3br": 2831,
          "4br": 3678
        },
        "condo_townhome": {
          "1br": 1879,
          "2br": 2075,
          "3br": 2998,
          "4br": 3666
        },
        "single_family": {
          "1br": 2148,
          "2br": 2441,
          "3br": 3000,
          "4br": 3486
        }
      }
    },
    {
      "yearmonth": "202604",
      "month_label": "April 2026",
      "rents": {
        "apartment": {
          "1br": 1716,
          "2br": 1959,
          "3br": 2834,
          "4br": 3660
        },
        "condo_townhome": {
          "1br": 1878,
          "2br": 2071,
          "3br": 3037,
          "4br": 3644
        },
        "single_family": {
          "1br": 2139,
          "2br": 2441,
          "3br": 3042,
          "4br": 3448
        }
      }
    },
    {
      "yearmonth": "202603",
      "month_label": "March 2026",
      "rents": {
        "apartment": {
          "1br": 1688,
          "2br": 1960,
          "3br": 2800,
          "4br": 3661
        },
        "condo_townhome": {
          "1br": 1881,
          "2br": 2073,
          "3br": 3049,
          "4br": 3650
        },
        "single_family": {
          "1br": 2145,
          "2br": 2437,
          "3br": 3022,
          "4br": 3449
        }
      }
    },
    {
      "yearmonth": "202602",
      "month_label": "February 2026",
      "rents": {
        "apartment": {
          "1br": 1706,
          "2br": 1980,
          "3br": 2893,
          "4br": 3700
        },
        "condo_townhome": {
          "1br": 1887,
          "2br": 2110,
          "3br": 3078,
          "4br": 3689
        },
        "single_family": {
          "1br": 2165,
          "2br": 2462,
          "3br": 3050,
          "4br": 3487
        }
      }
    },
    {
      "yearmonth": "202601",
      "month_label": "January 2026",
      "rents": {
        "apartment": {
          "1br": 1755,
          "2br": 1970,
          "3br": 2922,
          "4br": 3751
        },
        "condo_townhome": {
          "1br": 1920,
          "2br": 2087,
          "3br": 3109,
          "4br": 3735
        },
        "single_family": {
          "1br": 2191,
          "2br": 2486,
          "3br": 3062,
          "4br": 3531
        }
      }
    },
    {
      "yearmonth": "202512",
      "month_label": "December 2025",
      "rents": {
        "apartment": {
          "1br": 1779,
          "2br": 2033,
          "3br": 2946,
          "4br": 3787
        },
        "condo_townhome": {
          "1br": 1913,
          "2br": 2145,
          "3br": 3136,
          "4br": 3773
        },
        "single_family": {
          "1br": 2208,
          "2br": 2504,
          "3br": 3117,
          "4br": 3556
        }
      }
    },
    {
      "yearmonth": "202511",
      "month_label": "November 2025",
      "rents": {
        "apartment": {
          "1br": 1797,
          "2br": 2025,
          "3br": 2953,
          "4br": 3806
        },
        "condo_townhome": {
          "1br": 1925,
          "2br": 2124,
          "3br": 3134,
          "4br": 3790
        },
        "single_family": {
          "1br": 2215,
          "2br": 2512,
          "3br": 3126,
          "4br": 3561
        }
      }
    },
    {
      "yearmonth": "202510",
      "month_label": "October 2025",
      "rents": {
        "apartment": {
          "1br": 1737,
          "2br": 2028,
          "3br": 2950,
          "4br": 3805
        },
        "condo_townhome": {
          "1br": 1906,
          "2br": 2163,
          "3br": 3133,
          "4br": 3795
        },
        "single_family": {
          "1br": 2211,
          "2br": 2508,
          "3br": 3129,
          "4br": 3563
        }
      }
    },
    {
      "yearmonth": "202509",
      "month_label": "September 2025",
      "rents": {
        "apartment": {
          "1br": 1794,
          "2br": 2041,
          "3br": 2939,
          "4br": 3792
        },
        "condo_townhome": {
          "1br": 1942,
          "2br": 2173,
          "3br": 3103,
          "4br": 3786
        },
        "single_family": {
          "1br": 2202,
          "2br": 2499,
          "3br": 3118,
          "4br": 3563
        }
      }
    }
  ],
  "links": {
    "data_page": "https://data.estaite.com/submarkets/happy-valley-or/",
    "self": "https://data.estaite.com/feeds/happy-valley-or.json"
  },
  "license": "CC BY 4.0",
  "license_url": "https://creativecommons.org/licenses/by/4.0/",
  "attribution": "Data provided by Estaite (https://estaite.com)"
}