Harvest, AL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Harvest Neighborhoods Since 2000




Harvest, AL Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Harvest Housing Market Information

With 5,487 people, 1,758 houses or apartments, and a median cost of homes of $181,008, Harvest real estate is some of the most expensive in Alabama, although Harvest home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Harvest, accounting for 87.08% of the town's housing units. Other types of housing that are prevalent in Harvest include mobile homes or trailers ( 5.25%), row houses and other attached homes ( 4.18%), and a few large apartment complexes or high rise apartments ( 3.50%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Harvest. Owner-occupied housing accounts for 75.60% of Harvest's homes, and 88.93% have either three or four bedrooms, which is average sized relative to America.

Harvest homes and real estate are some of the newest in America. 49.98% of Harvest's housing was built since 2000, making the town have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Harvest real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 42.40%), and before 1939 ( 4.32%). There's also some housing in Harvest built between 1940-1969 ( 3.30%).

Vacant housing appears to be an issue in Harvest. Fully 14.62% of the housing stock is classified as vacant. Left unchecked, vacant Harvest homes and apartments can be a drag on the real estate market, holding Harvest real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Harvest Home Appreciation Rates

Real estate appreciation rates in Harvest's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.30% during the period.

NeighborhoodScout's data show that during the latest twelve months, Harvest's appreciation rate, at 3.83%, has been at or slightly above the national average. In the latest quarter, Harvest's appreciation rate has been 1.95%, which annualizes to a rate of 8.03%.

Importantly, this makes Harvest one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.

Relative to Alabama, our data show that Harvest's latest annual appreciation rate is higher than 70% of the other cities and towns in Alabama.

Average Home Values

 

Median Home Value:
$181,008

Harvest, AL HOME PRICES

Value Range
> $1,038,000 0.0
$779,001 - $1,038,000 0.0
$519,001 - $779,000 1.1
$415,001 - $519,000 2.0
$311,001 - $415,000 7.2
$208,001 - $311,000 19.2
$103,001 - $208,000 57.1
$52,001 - $103,000 5.9
$0 - $52,000 7.5

Very High for AL
High for Nation

Value Relative to Nation Value Relative to State
37.7885854916208 6.25

Number Of Homes And Apartments:
1,758

Harvest Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
AL*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
25.88% 1.34% 4 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,322 / per month

Homeownership Rate

Homeownership
Owners 75.60
Renters 24.40
Vacant 14.62

Housing Market Details

 

Age of Homes

AGE OF Harvest HOMES
2000 or Newer 50.0
1970 - 1999 42.4
1940 - 1969 3.3
1939 or Older 4.3

Types of Homes

TYPE OF Harvest HOMES
Single-Family 87.1
Townhomes 4.2
Small Apt. Buildings 0.0
Apt. Complexes 3.5
Mobile Homes 5.2
Other 0.0

Home Size

SIZE OF Harvest HOMES
No Bedroom 0.00
1 Bedroom 0.00
2 Bedrooms 6.46
3 Bedrooms 58.77
4 Bedrooms 30.16
5 or more bedrooms 4.61

Popular Neighborhoods in Harvest

Zip Codes in Harvest, AL