Harvest AL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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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 Q4 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

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

Harvest Housing Market Information

With a population of 5,487, 1,978 total housing units (homes and apartments), and a median house value of $218,595, 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 80.39% of the town's housing units. Other types of housing that are prevalent in Harvest include mobile homes or trailers ( 10.73%), large apartment complexes or high rise apartments ( 5.28%), and a few row houses and other attached homes ( 3.61%).

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 79.93% of Harvest's homes, and 83.32% 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. 52.61% 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 ( 38.50%), and between 1940-1969 ( 8.88%).

Vacant housing appears to be an issue in Harvest. Fully 10.82% 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

Harvest's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Harvest during the period has been just 0.79%, which is lower than 80% of US communities.

Appreciation rates are so strong in Harvest that despite a nationwide downturn in the housing market, Harvest real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Harvest appreciation rates continue to be some of the highest in America, at 7.16%, which is higher than appreciation rates in 93.39% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Harvest. Harvest appreciation rates in the latest quarter were at 2.45%, which equates to an annual appreciation rate of 10.15%.

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 90% of the other cities and towns in Alabama.

Average Home Values

 

Median Home Value:
$218,595

Harvest, AL HOME PRICES

Value Range
> $1,142,000 0.0
$856,001 - $1,142,000 1.6
$571,001 - $856,000 2.3
$457,001 - $571,000 5.6
$343,001 - $457,000 10.1
$229,001 - $343,000 20.7
$114,001 - $229,000 43.1
$57,001 - $114,000 3.6
$0 - $57,000 13.0

Very High for AL
High for Nation

Value Relative to Nation Value Relative to State
34.4 5.7356608478803

Number Of Homes And Apartments:
1,978

Harvest Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
AL*
Compared To
America*
Latest Quarter:
2019 Q3 - 2019 Q4
Last 12 Months:
2018 Q4 - 2019 Q4
Last 2 Years:
2017 Q4 - 2019 Q4
Last 5 Years:
2014 Q4 - 2019 Q4
Last 10 Years:
2009 Q4 - 2019 Q4
Since 2000:
2000 Q1 - 2019 Q4
43.49% 1.82%
5
3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,377 / per month

Homeownership Rate

Homeownership
Owners 79.93
Renters 20.07
Vacant 10.82

Housing Market Details

 

Age of Homes

AGE OF Harvest HOMES
2000 or Newer 52.6
1970 - 1999 38.5
1940 - 1969 8.9
1939 or Older 0.0

Types of Homes

TYPE OF Harvest HOMES
Single-Family 80.4
Townhomes 3.6
Small Apt. Buildings 0.0
Apt. Complexes 5.3
Mobile Homes 10.7
Other 0.0

Home Size

SIZE OF Harvest HOMES
No Bedroom 0.00
1 Bedroom 0.00
2 Bedrooms 8.48
3 Bedrooms 48.33
4 Bedrooms 34.99
5 or more bedrooms 8.21

Popular Neighborhoods in Harvest

Zip Codes in Harvest, AL