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Happy Valley, AK
Full City Profile · Alaska · Kenai Peninsula Borough County
3.0
/5.0
B
Good
773
Population
9/sq mi density
$55,521
Median Income
$41,778 per capita
$208,600
Home Value
$329,734 Zillow
37°F
Avg Temperature
269 sunny days/yr
595
Violent Crime/100K
4,481 property/100K
B
Overall
3.0 / 5.0
Good overall score based on economy, affordability, safety and education
B+
Economy
3.6 / 5.0
$55,521 median income, 3.7% unemployment
A+
Affordability
4.6 / 5.0
$208,600 home value, /mo rent
F
Safety
1.0 / 5.0
595 violent crimes/100K (57% above avg)
C+
Education
2.9 / 5.0
23.4% bachelor's degree or higher
Housing Overview
Median Home Value
$208,600
26% below
US avg: $281,900
Homeownership Rate
91.3%
40% above US avg (65.4%)
Total Housing Units
622
Median year built: 1995
Home Value by Source
Census Median
$208,600
Zillow (ZHVI)
$329,734
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
91.3%
Owner-Occupied
8.7%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$1,061/mo
1 Bedroom
$1,194/mo
2 Bedroom
$1,467/mo
3 Bedroom
$1,941/mo
4 Bedroom
$2,304/mo
Affordability & Housing Stock
Rent Burden
29.6%
of renters spending 30%+ of income on housing
5% below US avg (31.0%)
Median Year Built
1995
Average age of housing stock: 31 years
Homeownership Rate
91.3%
Complete Housing Data
Home Values
| Census Median Value | $208,600 |
| Zillow Home Value (ZHVI) | $329,734 |
Rent
| FMR Studio | $1,061 |
| FMR 1-Bedroom | $1,194 |
| FMR 2-Bedroom | $1,467 |
| FMR 3-Bedroom | $1,941 |
| FMR 4-Bedroom | $2,304 |
Market
Ownership & Stock
| Owner-Occupied | 91.3% |
| Renter-Occupied | 8.7% |
| Homeownership Rate | 91.3% |
| Total Housing Units | 622 |
| Median Year Built | 1995 |
| Rent Burden | 29.6% |