A typical Happy Valley home is worth roughly $254,000
What kind of housing town is Happy Valley?
Read from the numbers below. The page puts what stands out first.
A typical home costs 4.7 years of income
More than across Alaska (4.3 years). Try your own numbers below.
That’s $27K short of a typical Happy Valley home.
A two-bedroom rents for about $1,250 a month here, $160 less than owning.
An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Happy Valley’s typical property tax (0.39% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.
87% of Happy Valley households own their home
Half of Happy Valley’s homes were built before 1994.
Alaska: 67% own.
U.S. Census Bureau, American Community Survey 2020-2024 · figures for a place this size carry wide margins of error.
A two-bedroom rents for about $1,250
Renters already here pay a median of $820, so moving in tends to cost more than staying put.
Fair Market Rent a month, utilities included
U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Kenai Peninsula Borough, AK): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.
Happy Valley vs. its neighbors
Happy Valley is the 2nd least expensive of 3 neighboring towns. Tap one to see its housing page.
Compare more
| Town | Typical value | 1-yr change | 2-bed rent | Median income |
|---|---|---|---|---|
| Happy Valley | $254K* | — | $1,250 | $54,464 |
| Anchor Point | $266K | +4.8% | $1,290 | $63,000 |
| Ninilchik | $215K | −0.3% | $1,160 | $55,179 |
Typical value: Zillow Home Value Index; * Census median home value where Zillow has none. † FHFA price index change where Zillow has none. Rent: HUD Fair Market Rent. New homes: Census building permits.
Neighbors talk housing
What Happy Valley buyers, sellers and renters are saying.
Your answer becomes a post in Town Square.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers. The calculator is an estimate, not a loan offer.