It consists of two neighborhoods with unclear boundaries, Valle and Hovin. Valle was a farm under Nonneseter but was bought by privates in 1765; the farm Hovin was probably under Torshov, then under Oslo Cathedral before the Reformation. It was bought by privates in 1664. The farms Valle and Hovin were both bought by Oslo Municipality in 1915. The municipality planned to use the area for an airfield in the 1930s, but in the 1960s it was decided to create the sports complex Valle Hovin. It is also used for larger musical shows. In 2001 the indoor arena, mostly for soccer, Vallhall Arena was opened. In 2017, Vålerengas new stadium, Intility Arena was opened.