Harvest, AL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Harvest, AL Real Estate Data


Harvest Housing Market Information

With a population of 5,487, 1,758 total housing units (homes and apartments), and a median house value of $177,256, 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 -0.42% during the period.

Over the last year, Harvest appreciation rates have trailed the rest of the nation. In the last twelve months, Harvest's appreciation rate has been 1.93%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Harvest were at -0.49%, which equates to an annual appreciation rate of -1.95%.

Notably, Harvest's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Alabama, our data show that Harvest's latest annual appreciation rate is lower than 60% of the other cities and towns in Alabama.

Average Home Values

 

Median Home Value:
$177,256

Harvest, AL HOME PRICES

Value Range
> $1,016,000 0.0
$763,001 - $1,016,000 0.0
$508,001 - $763,000 1.1
$407,001 - $508,000 2.0
$305,001 - $407,000 7.2
$203,001 - $305,000 19.2
$101,001 - $203,000 57.1
$51,001 - $101,000 5.9
$0 - $51,000 7.5

Very High for AL
High for Nation

Value Relative to Nation Value Relative to State
38.8257353802883 7.5

Number Of Homes And Apartments:
1,758

Rent & Ownership

 

Average Market Rent:
$1,271 / 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

Harvest Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
AL*
Compared To
America*
Latest Quarter:
2016 Q3 - 2016 Q4
Last 12 Months:
2015 Q4 - 2016 Q4
Last 2 Years:
2014 Q4 - 2016 Q4
Last 5 Years:
2011 Q4 - 2016 Q4
Last 10 Years:
2006 Q4 - 2016 Q4
Since 2000:
2000 Q1 - 2016 Q4
23.26% 1.22% 4 2
* 10 is highest

Popular Neighborhoods in Harvest

Zip Codes in Harvest, AL