97086 Real Estate Search

97086 Homes for Sale

Overview of the Real Estate Market in 97086

The 97086 zip code, which encompasses parts of Happy Valley and surrounding areas in Oregon, has seen a dynamic real estate market in recent years. With a growing population and flourishing amenities, this area has become increasingly attractive to homebuyers and investors alike. The appeal of 97086 is bolstered by its proximity to Portland, providing easy access to urban conveniences while still offering a suburban lifestyle. As demand continues to rise, home prices have also experienced upward pressure, reflecting the area's desirability.

Current Trends in Home Prices

Popular Neighborhoods in 97086

Several neighborhoods within the 97086 area stand out for their unique charm and community spirit. Areas like Happy Valley, which offers parks, excellent schools, and a family-oriented atmosphere, are particularly sought after. Other neighborhoods, such as the more established spots near downtown Clackamas, provide a mix of older, character-filled homes and newer developments. The diversity of neighborhoods in 97086 allows buyers to find the perfect match for their lifestyle and preferences, whether they prioritize schools, green spaces, or proximity to shopping and dining.

Investment Opportunities

For real estate investors, 97086 presents numerous opportunities to capitalize on a growing market. Rental properties, particularly single-family homes and multi-family units, can offer lucrative returns due to the strong demand for housing in the area. The influx of families and young professionals seeking homes means that rental properties are likely to be occupied quickly, minimizing vacancy rates. Furthermore, with ongoing developments and infrastructure improvements, the potential for property value appreciation in this area remains promising.

Community Amenities and Lifestyle

The lifestyle in the 97086 area is enriched by a variety of community amenities that cater to residents of all ages. Parks, recreational facilities, shopping centers, and dining options are all easily accessible, contributing to a vibrant community feel. Additionally, the emphasis on family-friendly activities and events fosters a sense of belonging among residents. Schools in the area are well-regarded, making it an ideal location for families with children. The combination of a strong community, convenient amenities, and a desirable living environment make 97086 an enticing choice for potential homebuyers and investors.

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97086 Homes for Sale

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Newest 97086 Homes for Sale

8750 SE 155TH AVE Unit #28, Happy Valley
$194,777
2 Beds ⋅ 2 Baths ⋅ 735090650 MLS
A modern little retreat tucked into the trees, right in Happy Valley. This charming 2 bedroom, 2 bathroom home gives you the best of both worlds: peaceful and private enough to feel like you've escaped for a minute, while still keeping everyday conveniences close by.Completely remodeled throughout in 2024–2025, the inside feels fresh, warm and thoughtfully put together. Vaulted ceilings and an open floor plan bring the kitchen, dining and living areas together into one bright, comfortable space that's perfect for cozy nights in or having friends over. The primary suite has its own full bathroom and walk-in closet, and there's ample storage throughout without sacrificing the clean, open feel.Step outside and you'll understand why this home is a little special. Mature trees and greenery surround the property, creating a beautiful backdrop for the fenced yard and deck. There's even a doggy door for the tiny roommate who will undoubtedly consider the whole setup theirs. Two additional sheds give you plenty of room to tuck away everything else.And there's one more update still to come. With an accepted offer, the seller will install brand-new kitchen countertops, with a selection of options for the buyer to choose from. Your house, your pick.Now offered at $194,777. Freshly remodeled, cozy, peaceful and tucked into one seriously pretty little corner of Happy Valley. Come see it in person. You may be surprised how quickly it feels like home.

8750 SE 155TH AVE Unit #28, Happy Valley

10469 SE Quail Ridge DR, Happy Valley
$325,000
206501098 MLS
Custom Luxury Awaits in the Prestigious Gated Altamont Neighborhood of Happy Valley. Located in the highly sought-after Altamont community. Home to Street of Dreams showcases in 1999, 2008, and select homes in 2014. This .35-acre vacant view lot offers a perfect canvas to design your dream estate or build the previously HOA-approved Modern Prairie home plans featured in the photos. Enjoy sweeping Cascade Mountain views, including Mt. St. Helens and Mt. Adams. The sloped design is ideal for daylight or lower-level living with potential for a basement, maximizing panoramic views from main living areas and future decks.All utilities—water, sewer, and electricity are available, ready for your builder to get started. The hillside orientation works with the natural terrain, creating a more cost-effective construction approach by minimizing excavation and complex foundation work. The Modern Prairie design incorporates manufactured roof trusses to help manage construction costs. The lower floor is efficiently integrated within the cripple wall space, expanding usable square footage without adding significant structural expense. Retaining walls have been minimized, located primarily around the garage and front entry, aligning with the home’s placement and planned landscape grading to reduce site development costs. The primary living level features a spacious kitchen, dining area, great room, laundry, primary suite, and three-car garage, perfect for convenient main-level living while leaving flexibility for an expanded lower level.Enjoy the best of Happy Valley with easy access to I-205, top-rated schools, shopping, and dining, all just minutes away. This is your opportunity to create a custom luxury estate with unparalleled views and thoughtful design in one of Happy Valley’s premier gated neighborhoods. Bring us an offer!

10469 SE Quail Ridge DR, Happy Valley

10022 SE 172ND AVE, Happy Valley
$3,000,000
22064396 MLS
This 6.06-acre parcel (Tax ID #00137765) is split-zoned Mixed Commercial Center (MCC, ~4 acres) and Mixed Use Residential-Multifamily (MUR-M2, 25–34 units per acre, ~2 acres), offering a buyer two paths: a mixed-use commercial/residential development consistent with the current split zoning, or rezoning the commercial portion to MUR-M2 through a Type III zone change to bring the entire site under MUR-M2 designation. The City is advancing its own commercial development to the south and has signaled it would not want this site competing with that effort — as a result, City staff have indicated willingness to support a zone change eliminating the commercial designation here in favor of multifamily. A prior development team took a 184-unit mixed-use concept through a full City Pre-Application Conference in 2024, so the planning groundwork and the City's disposition toward a rezone are already established for an incoming buyer. The site is level, with approximately ±300 feet of frontage on SE 172nd Avenue and access aligning to SE Huckleberry Street. An intermittent creek runs through the back (northeast) corner of the property, affecting roughly one acre between the waterway and its required buffers. A wetland determination identified a few additional wetland areas approximately 0.14 acres on-site, all minor and addressable through standard mitigation. The home is tenant-occupied — ALTA survey, wetland reports, and all City pre-application materials are available.

10022 SE 172ND AVE, Happy Valley

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The content relating to real estate for sale on this site comes in part from the IDX program of the RMLS of Portland, Oregon. Real Estate listings held by brokerage firms other than this firm are marked with the RMLS logo, and detailed information about these properties include the name of the listing's broker. Listing content is copyright © 2026 RMLS of Portland, Oregon. All information provided is deemed reliable but is not guaranteed and should be independently verified. This content last updated on . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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