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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
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.
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.
|$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|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Harvest HOMES|
|2000 or Newer||50.0|
|1970 - 1999||42.4|
|1940 - 1969||3.3|
|1939 or Older||4.3|
|TYPE OF Harvest HOMES|
|Small Apt. Buildings||0.0|
|SIZE OF Harvest HOMES|
|5 or more bedrooms||4.61|