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There are 93 low-income apartments in Happy Valley that offer reduced rents to eligible households. Low-income rents in Happy Valley, Oregon can range from $470 to $568 depending on the number of bedrooms.
Rental assistance programs support 100 low-income homes in Happy Valley where households pay rent based on how much they earn. For 2024, elgible households participating in federally assisted housing pay an average of $629 towards rent each month.
Affordable rent data for some communities last confirmed on January 3rd, 2023. Subdsidized rents typically change once a year based on federal guidance.
Public Housing Agencies Serving 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.
| Housing Authority | Programs |
|---|---|
| Housing Authority of Clackamas County | Section 8 Housing Choice Voucher (HCV); Public Housing |
Happy Valley, Oregon Affordable Housing Data
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.
2024 Happy Valley, Oregon Fair Market Rents and Housing Choice Voucher Payment Standards
Fair Market Rents can be used to better understand the average housing costs of an area. Fair Market Rents are used by HUD to establish payment and rent standards for federal rental assistance programs like the Section 8 Housing Choice Voucher Program.
| Studio | One BR | Two BR | Three BR | Four BR | |
|---|---|---|---|---|---|
| Happy Valley, Oregon Fair Market Rent | $1,650 | $1,776 | $2,024 | $2,809 | $3,254 |
| Happy Valley, Oregon Payment Standard Range | $1,485 to $1,815 | $1,598 to $1,954 | $1,822 to $2,226 | $2,528 to $3,090 | $2,929 to $3,579 |
Sourced from federal housing data and AffordableHousingOnline.com research.
Happy Valley, OR Affordable Housing Snapshot
| Total Affordable Apartment Properties | 4 |
|---|---|
| Total Low Income Apartments | 193 |
| Total Housing Units with Rental Assistance | 100 |
| Percentage of Housing Units Occupied By Renters | 15.82% |
| Average Renter Household Size | 2.58 |
| Average Household Size | 3.13 |
| Median Household Income | $101,250 ±$10,415 |
| Median Rent | $1,242 ±$119 |
| Percentage Of Renters Overburdened | 48.62% ± 18.33pp |
| Total Population | 16,462 |
Population and Household Demographics
Happy Valley is a city in Clackamas County, Oregon with a population of 16,462. There are 5,253 households in the city with an average household size of 3.13 persons. 15.82% of households in Happy Valley are renters.
Income and Rent Overburden in Happy Valley
The median gross income for households in Happy Valley is $101,250 a year, or $8,438 a month. The median rent for the city is $1,242 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Happy Valley, a household making less than $4,140 a month would be considered overburdened when renting an apartment at or above the median rent. 48.62% of households who rent are overburdened in Happy Valley.
Area Median Income In Happy Valley
Affordable housing program eligibility is always determined by one's income. Each household's income is compared to the incomes of all other households in the area. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. The AMI is calculated and published each year by HUD.
HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Happy Valley, the AMI is calculated from all households within Clackamas County.
In Happy Valley, HUD calculates the Area Median Income for a family of four as $114,400
Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811.
Rental Assistance in Happy Valley
Rental assistance is a type of housing subsidy that pays for a portion of a renter’s monthly housing costs, including rent and tenant paid utilities. This housing assistance can come in the form of Section 8 Housing Choice Vouchers, project-based Section 8 contracts, public housing, USDA Rental Assistance (in Section 515 properties) as well as HUD Section 202 and 811 properties for elderly and disabled households.
Income Qualifications for HUD Rental Assistance in Happy Valley
| 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person | |
|---|---|---|---|---|---|---|---|---|
| 30% AMI Income Limits Renters earning up to 30% of the Happy Valley AMI may qualify for rental assistance programs that target Extremely Low Income households. |
$23,700 | $27,100 | $30,500 | $33,850 | $36,600 | $40,280 | $45,420 | $50,560 |
| 50% AMI Income Limits Renters earning up to 50% of the Happy Valley AMI may qualify for rental assistance programs that target Very Low Income households. |
$39,500 | $45,150 | $50,800 | $56,400 | $60,950 | $65,450 | $69,950 | $74,450 |
| 80% AMI Income Limits Renters earning up to 80% of the Happy Valley AMI may qualify for rental assistance programs that target Low Income households. |
$63,150 | $72,200 | $81,200 | $90,200 | $97,450 | $104,650 | $111,850 | $119,100 |
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