Harahan appreciation rates and housing market information

Harahan housing market information

With 9,861 people, 4,124 houses or apartments, and a median cost of homes of $249,535, Harahan real estate is some of the most expensive in Louisiana, although Harahan home values aren't among America's most expensive.

single-family detached homes are the single most common housing type in Harahan, accounting for 81.04% of the city's housing units. Other types of housing that are prevalent in Harahan include duplexes, homes converted to apartments, or other small apartment buildings (10.91%), large apartment complexes or high rise apartments (5.31%), and a few row houses and other attached homes (2.40%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in Harahan. Owner-occupied housing accounts for 75.75% of Harahan's homes, and 64.09% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Harahan's housing was primarily built during this period, from the '40s through the '60s. A full 62.92% of the city's housing hails from this era. Other housing ages represented in Harahan include homes built between 1970-1994 (31.55%), and housing constructed from 1939 and earlier (2.84%). There's also some housing in Harahan built between 1995 and later (2.69%).

Harahan home appreciation rates

Appreciation rates for homes in Harahan have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 86.02%, which ranks in the top 40% nationwide. This equates to an annual average Harahan house appreciation rate of 8.60%.

NeighborhoodScout's data show that during the latest twelve months, Harahan home appreciation rates, at 0.71%, have been at or slightly above the national average. In the latest quarter, Harahan's appreciation rate has been 0.14%, which annualizes to a rate of 0.56%.

Relative to Louisiana, our data show that Harahan's latest annual appreciation rate is higher than 47% of the other cities and towns in Louisiana.