Happy Valley Homes under $400,000

Welcome to Happy Valley, Oregon—a hidden gem nestled in the picturesque Clackamas County. Known for its stunning landscapes, vibrant community, and family-friendly atmosphere, Happy Valley is the ideal place to call home. With its lush parks, scenic trails, and a plethora of recreational activities, residents enjoy a perfect blend of nature and urban convenience.

One of the most appealing aspects of Happy Valley is its diverse housing market, particularly for those seeking homes under $400,000. Here, you can find charming single-family homes, cozy townhouses, and inviting condos that offer both comfort and affordability. These properties are perfect for first-time homebuyers, growing families, or anyone looking to downsize without sacrificing quality of life.

Happy Valley boasts excellent schools, a strong sense of community, and a variety of local amenities, including shopping centers, restaurants, and entertainment options. The city is also conveniently located near the vibrant city of Portland, providing easy access to urban attractions while maintaining a peaceful suburban lifestyle.

Imagine waking up to the serene views of the surrounding mountains, enjoying weekend hikes in the nearby parks, or hosting family gatherings in your spacious backyard. With homes under $400,000, your dream of living in this enchanting city can become a reality. Happy Valley is not just a place to live; it's a place to thrive. Come explore the possibilities and discover why so many are choosing to make Happy Valley their forever home!

Newest Happy Valley Homes under $400,000

$395,000

3 Beds ⋅ 2 Baths ⋅ 678870726 MLS

Welcome to this well-maintained 3-bedroom, 2.5-bathroom townhome in desirable Happy Valley. Featuring an open floor plan, this inviting home offers comfortable living spaces designed for both everyday life and entertaining. The kitchen showcases stainless steel appliances, granite countertops, and plenty of workspace. Upstairs, the spacious primary suite offers a private retreat with double sinks and a walk-in closet. Two additional bedrooms provide flexibility for family, guests, or a home office. With its functional layout, attractive finishes, and convenient Happy Valley location, this townhome offers a wonderful combination of comfort, style, and low-maintenance living. Move-in ready and waiting for you!

11279 SE FALCO ST, Happy Valley

8750 SE 155TH AVE Unit #34, Happy Valley

$80,000

2 Beds ⋅ 1 Baths ⋅ 274754316 MLS

Ready to trade renting for a place of your own? This affordable 2-bedroom home offers the privacy and freedom that can be hard to find in an apartment, including no shared walls, a fully fenced yard, outdoor space, and off-street parking. Inside, hardwood floors add warmth throughout the home, while a skylight brings extra natural light into the kitchen and the bedroom enjoys peaceful territorial and tree views from the bedroom.The single-level layout is simple and comfortable, with two bedrooms, a full bath, mini-split heating and cooling, and all appliances included. Step outside to a private deck, fenced yard, and storage shed, giving you space to relax, garden, let the dog out, or simply enjoy having a little outdoor space of your own. Located in an all-ages Happy Valley community, with pets allowed subject to park approval and restrictions, plus plenty of guest parking. Parks, trails, shopping, dining, and everyday conveniences are all close by, while the setting at the top of the hill gives the home a quieter, tucked-away feel. Current space rent is $968/month plus utilities. Reach out to learn what financing options may be available and whether this could be your path out of renting.

8750 SE 155TH AVE Unit #34, Happy Valley

$399,900

3 Beds ⋅ 2 Baths ⋅ 139927525 MLS

Welcome home to this bright and comfortable three-bedroom, two-and-a-half-bath home located right in Happy Valley's sought-after Morningside community. Offering nearly 1,400 square feet of well-designed living space, the main level features an open great room layout with newer interior paint, laminate flooring, and a cozy gas fireplace for cooler evenings. The kitchen includes tile countertops and an eating island, flowing easily out to a fenced backyard and a private patio. Recent updates bring extra peace of mind, including a new mini-split system and a new sump pump, complementing the two mini-splits total that provide efficient heating and air conditioning. Upstairs, you will find a spacious primary suite complete with a walk-in closet, alongside convenient upper-level laundry equipped with an Energy Star tankless hot water heater, washer, and dryer. This home is completely move-in ready with all appliances included and newer carpet. Outside, the front yard and sprinklers are maintained by the HOA, giving you more time to explore. Walk to New Seasons Market, shops, and local dining at the Happy Valley Town Center across the street or visit the nearby Happy Valley Library and Hidden Falls Nature Park less than a mile away for a local waterfall walk. Downtown Portland is just an easy 25-minute drive away!

12977 SE 156TH AVE, Happy Valley

$299,000

2 Beds ⋅ 2 Baths ⋅ 697333044 MLS

Welcome home to this cozy ground-level 2-bedroom, 2-bathroom condo featuring a private patio overlooking the community pool! Tucked away in the back of the complex, this inviting home offers plenty of natural light and a charming wood-burning fireplace. The kitchen features a new oven, microwave, and dishwasher, while the private patio provides access to an exterior storage unit for added convenience. You’ll also enjoy your own garage with parking conveniently located just outside the unit. Perfectly situated across from Kaiser Hospital and just minutes from Clackamas Town Center, shopping and dining, this condo offers both comfort and convenience in a desirable location. Come see all this home has to offer!

12153 SE 104TH CT, Happy Valley

$249,900

2 Beds ⋅ 1 Baths ⋅ 391098222 MLS

This property is eligible for a LARGE down payment assistance GRANT with NO repayment required for qualified buyers. Start your homeownership journey with this beautifully updated ground-level, single-level 2-bedroom, 1-bath condo in a gated Happy Valley community! Move-in ready with quartz countertops, a new bathroom vanity, updated fixtures, modern lighting, ceiling fans, fresh interior paint, and brand-new appliances. Even better, the refrigerator and washer/dryer combo are included, so all you have to do is move in and make yourself at home.The open floor plan with 9-foot ceilings creates a bright, welcoming space, while the private patio is perfect for morning coffee or relaxing after a long day. Enjoy resort-style amenities including a seasonal pool, clubhouse, and dog park, with HOA dues covering exterior maintenance, landscaping, trash, and common areas for easy, low-maintenance living. Conveniently located near Clackamas Town Center, shopping, dining, and transit. No rental cap also provides outstanding future investment potential.

11215 SE CAUSEY CIR, Happy Valley

12023 SE HIGH CREEK RD Unit #E, Happy Valley

$399,900

2 Beds ⋅ 2 Baths ⋅ 403264330 MLS

Low HOA dues! Modern, low-maintenance living meets thoughtful design in this beautifully appointed townhome-style condo in the heart of Happy Valley. Built in 2023, this 2-bedroom, 2½-bath home offers an exceptional layout with two spacious upper-level primary suites, each featuring its own ensuite bathroom. MAIN LEVEL: The stylish kitchen features a spacious island, quartz countertops, stainless steel appliances and contemporary finishes. The open-concept design creates an inviting flow between the kitchen, dining and living areas. Step outside to the south-facing balcony, the perfect spot for morning coffee or evening relaxation. UPPER LEVEL: Two generously sized primary suites provide privacy and flexibility, each with an ensuite full bathroom. The north-facing suite features a private balcony. LOWER LEVEL: A two-car tandem garage provides secure parking plus ample storage. ADDITIONAL HIGHLIGHTS include new carpet, a new water heater, smart-home technology and infrastructure for EV charging. LOCATION: Enjoy the best of Happy Valley with parks, walking paths, shopping, dining and public transportation nearby, plus easy access to I-205 and Portland International Airport. LOW-MAINTENANCE LIVING, MODERN FINISHES AND AN UNBEATABLE TWO-SUITE LAYOUT MAKE THIS A STANDOUT OPPORTUNITY.

12023 SE HIGH CREEK RD Unit #E, Happy Valley

8525 SE ORCHARD LN Unit #84, Happy Valley

$80,000

2 Beds ⋅ 1 Baths ⋅ 116311797 MLS

Welcome to this charming single-level manufactured home offering comfort, functionality, and stylish updates throughout. This 2-bedroom, 1-bath home features luxury vinyl plank flooring throughout the entire interior, creating a modern, low-maintenance living space. The open-concept living room and kitchen provide a bright and inviting atmosphere, while the spacious kitchen offers an eat bar, stainless steel appliances, and plenty of cabinet and counter space for everyday living and entertaining.Outside, you'll find a carport, a fully fenced yard for added privacy, a covered patio perfect for relaxing or hosting guests, and a convenient toolshed for extra storage. An outbuilding with electricity offers incredible flexibility and can be used as a hobby room, office, workshop, or additional living space. This is one of the few homes in the park featuring both a durable composition roof and a fully fenced yard. Ideally located near restaurants, grocery stores, shopping, and public transportation, this home combines convenience, comfort, and versatility in one exceptional package. Ready for its next owner!

8525 SE ORCHARD LN Unit #84, Happy Valley

$369,000

3 Beds ⋅ 2 Baths ⋅ 328024635 MLS

Spacious 3-Bed, 2.1-Bath Townhome with Over 2,000 Sq Ft!Discover incredible space and convenience in this beautifully maintained, move-in ready townhome offering over 2,000 square feet across two thoughtfully designed levels.The main level welcomes you with an open-concept layout featuring a well-appointed kitchen, complete with rich cherry-toned cabinetry, granite countertops, tile backsplash, plenty of storage, and stainless steel appliances including a gas range and side-by-side refrigerator with water/ice dispenser. The adjoining dining and living areas flow effortlessly, anchored by a cozy peninsula bar for easy entertaining.Upstairs, you'll find a versatile loft/flex space at the top of the stairs perfect for a home office, media room, or reading nook — along with a convenient in-unit laundry closet. The primary suite offers a private retreat with an ensuite bath featuring a dual-sink vanity and glass-enclosed shower, plus a generous walk-in closet.Step outside to your own private, fenced back patio, a low-maintenance outdoor space perfect for morning coffee or evening relaxation. An attached one-car garage adds everyday convenience.Ideally located just seconds from freeway and highway access, this home also falls within top-rated school boundaries, offering the perfect blend of comfort, space, and connectivity. This would make for a wonderful rental property as there is NO cap on rentals and this unit has been consistently rented for 15 years. Brand new paint and interior floors!

10012 SE OLD TOWN CT, Happy Valley

$370,000

3 Beds ⋅ 2 Baths ⋅ 575656931 MLS

Move-In Ready Townhome | 100% Financing Available! Experience modern living in this bright and spacious 3-bed, 2.5-bath Happy Valley townhome. Located on a quiet dead-end street, this home offers maximum privacy with the convenience of a one-car garage and private off-street parking. Key Features: Open Concept Design: Vaulted ceilings and a seamless flow from kitchen to living space. Chef’s Kitchen: Granite countertops, stainless steel appliances, and a functional dine-in bar. Flexible Living: Dedicated primary suite plus two additional bedrooms and a multi-purpose bonus room—ideal for a home office, gym, or media room. Outdoor Living: Private back deck featuring stunning, peaceful sunset views. Prime Location: Just moments from the MAX Park & Ride, making your morning commute effortless. Don’t miss this rare opportunity to own a well-crafted home with incredible financing potential. Schedule your private tour today!

8996 SE CHLOE LN, Happy Valley

8717 SE MONTEREY AVE Unit #209, Happy Valley

$215,000

2 Beds ⋅ 2 Baths ⋅ 637549816 MLS

Welcome to a beautifully maintained 2-bedroom, 2-bath condo in the heart of Happy Valley. This light-filled home features two spacious bedrooms, each with its own en suite bathroom and large closet—including a walk-in closet in the primary suite. The open kitchen flows into a bright living room, while a tiled, enclosed sunroom adds a gorgeous bonus space. Step onto the covered balcony for peaceful tree-top views. Appliances are lightly used and recently serviced, and utility bills are low—making this an easy, efficient home to own. Unit has new garbage disposal, new sink and faucets, wood trim throughout, new AC capscitor, new toilets, and a kitchen bar with room for 4 bar stools! The secure, well-managed complex offers exceptional amenities: a covered, gated parking lot with a car-washing area and sink, grocery carts for easy elevator trips to your unit, a deeded parking space, private floor-level storage, and video surveillance of the building. Residents enjoy two interior common spaces—a welcoming lobby lounge and a larger reservable room with TV, dining area, and restroom, ideal for private gatherings.Outside, a well-landscaped side and backyard offers a relaxing mix of sun and shade. The community is quiet and respectful, with elevator access throughout. Ideally located minutes from I-205 and public transit, and walkable to the mall and movie theater. Comfort, convenience, and community—all in one. Recent improvements complex has a new roof. -you can reserve common areas, trash shoot, secure parking, trash/recyling, car wash, carts in garage to help residents transport groceries via elevators to their units.

8717 SE MONTEREY AVE Unit #209, Happy Valley

$375,000

3 Beds ⋅ 2 Baths ⋅ 796312596 MLS

Beautifully maintained two-story townhome offering comfort, style and convenience in an ideal location. The open-concept main level features 9-foot ceilings, luxury vinyl plank flooring and a spacious kitchen with granite countertops, stainless steel appliances, a pantry, eat bar and abundant cabinetry. The kitchen flows seamlessly into the dining and living areas, creating the perfect space for everyday living and entertaining. A slider off the dining area leads to a large covered deck, extending your living space outdoors year-round. Upstairs, the generous primary suite offers a large walk-in closet, double vanity and walk-in shower. Two additional spacious bedrooms, a second full bathroom, and new carpet throughout the upper level provide comfortable accommodations for family, guests or a home office. Additional features include brand new carpet and fresh paint, central air conditioning, a convenient main-level powder room, storage space under the stairs, and an attached one-car garage. Ideally located near Clackamas Town Center with easy access to I-205, shopping, dining, parks and everyday amenities, this move-in ready townhome combines low-maintenance living with exceptional convenience.

10005 SE OLD TOWN CT, Happy Valley

$229,000

3 Beds ⋅ 3 Baths ⋅ 367930153 MLS

Fantastic investment opportunity in a highly desirable Happy Valley location! Just minutes from Clackamas Town Center, shopping, restaurants, medical facilities, parks, and convenient freeway access. This vacant property offers tremendous value-add potential and is ideal for investors, flippers, or buyers looking to build equity through renovation. Significant cleanup, repairs, and updates are needed due to prior occupant/squatter damage. Property is being sold as-is. The short sale process is active, creating an excellent opportunity to purchase in a sought-after area. Bring your vision and transform this property into something special. Please use caution when touring the home.

12143 SE 104TH CT, Happy Valley

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