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ZIP Code · OR

ZIP 97086

Pop. 34,567·Clackamas County·38th most expensive ZIP in Oregon
Median rent (all units)
$1,822/mo
Year-over-Year
-1.1%
Month-over-Month
+3.1%
vs US Median
-$143
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 97086 · $1,822
More expensive than 50% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,560
1 BR
$1,670
2 BR
$1,910
3 BR
$2,600
4 BR+
$3,090
Research median
$1,910/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$21,864/yr
At $1,822/mo median
Location
StateOR
CountyClackamas County
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (1.1% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (-1.1% YoY, +3.1% MoM), not inventory.
Demographics

Who lives here

ZIP 97086 (Happy Valley, OR) is majority owner-occupied, has a median income above the national average, 41.9% of residents hold a bachelor's degree or higher.

Population
34,567
Median income
$102,359
Median age
40.2
Renters
37.3%
Age distribution
22.1%
22.1%
26.9%
18.2%
Under 1822.1%
18–3422.1%
35–5426.9%
55–6410.8%
65+18.2%
Gender
49.1%
50.9%
Male49.1%
Female50.9%
Race & ethnicity
64.2%
16%
White64.2%
Black2.9%
Hispanic10.5%
Asian16%
Other6.4%
Education (25+)
18.3%
35%
41.9%
No HS diploma4.7%
HS diploma18.3%
Some college35%
Bachelor's+41.9%
Housing tenure
62.7%
37.3%
Owner62.7%
Renter37.3%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 97086 in Happy Valley, OR has changed in 5 years

Income
$94,416 → $102,359
up 8.4%
Population
32,037 → 34,567
up 7.9%
Renter share
35.6% → 37.3%
+1.7 pts
Bachelor's+
45% → 41.9%
-3.1 pts

On the earnings side, the typical household in ZIP 97086 in Happy Valley, OR now reports about $102,359, up from $94,416 in 2021. Headcount in the area went from 32,037 to 34,567 between 2021 and 2024, a 7.9% change. About 37.3% of households rent today, against 35.6% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher slipped from 45% to 41.9%.

Community

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Local insights

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About renting in ZIP 97086

Last updated: July 20, 2026

ZIP code 97086 covers Happy Valley, OR. The median rent here is $1,822/mo as of July 2026. A 1-bedroom rents for a median of $1,670/mo. A 2-bedroom rents for a median of $1,910/mo.

At 21% of local median household income ($102,359/yr), ZIP 97086 ranks as affordable compared to the national benchmark of 30%. Rents have decreased 1.1% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 97086?

As of July 20, 2026, the median monthly rent in ZIP 97086 (Happy Valley, OR) is $1,822. This is based on aggregated data from public sources and community submissions.

How does ZIP 97086 rent compare to the US average?

ZIP 97086's median rent of $1,822/mo is $143 (7%) below the US national median of $1,965/mo.

How does ZIP 97086 compare to other ZIPs in Oregon?

ZIP 97086 is one of the pricier ZIP codes in Oregon, ranking #38 out of 116 ZIPs tracked at $1,822/mo.

How much income do you need to rent in ZIP 97086?

To keep rent at or below 30% of gross income, you would need to earn at least $73,000/year (~$35/hour full-time) to afford the median rent of $1,822/mo in ZIP 97086. The local median household income is $102,359/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 97086?

Rent in ZIP 97086 has decreased 1.1% over the past year as of July 20, 2026, offering some relief compared to 12 months ago.

Is ZIP 97086 an affordable place to rent?

ZIP 97086 is considered very affordable for renters. At $1,822/mo, rent takes approximately 21% of the local median household income ($102,359/yr). The standard benchmark is 30%. ZIP 97086 falls comfortably within that range.

What percentage of ZIP 97086 residents rent vs. own?

According to Census data, approximately 37.3% of ZIP 97086 households are renters, while 62.7% are owner-occupied. ZIP 97086 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 97086 compare to the rest of Happy Valley?

ZIP 97086 is more affordable than Happy Valley overall. At $1,822/mo, it's $11 below the Happy Valley citywide median of $1,833/mo.

When was rent data for ZIP 97086 last updated?

Rent data for ZIP 97086 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
21%
VERY AFFORDABLE

At $1,822/mo, rent takes ~21% of ZIP 97086's median household income ($102,359/yr). The standard benchmark is 30%.

ZIP 97086 21%Benchmark 30%
State income tax4.75–9.9%
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Schools nearby

Public schools near ZIP 97086 (Happy Valley, OR)

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