Harrison, AR
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Harrison, AR 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 Q2 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

Harrison Housing Market Information

With a population of 13,138, 5,563 total housing units (homes and apartments), and a median house value of $112,492, house prices in Harrison are solidly below the national average.

Single-family detached homes are the single most common housing type in Harrison, accounting for 71.90% of the city's housing units. Other types of housing that are prevalent in Harrison include large apartment complexes or high rise apartments ( 11.90%), duplexes, homes converted to apartments or other small apartment buildings ( 9.04%), and a few mobile homes or trailers ( 3.82%).

The most prevalent building size and type in Harrison are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 53.91% owning and 46.09% renting.

There is a lot of housing in Harrison built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Harrison built between 1940-1969 ( 28.44%). A lesser amount of the housing stock also hails from before 1939 ( 11.65%). There's also some housing in Harrison built between 2000 and later ( 7.26%).

Harrison Home Appreciation Rates

Real estate appreciation rates in Harrison's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.57% during the period.

Over the last year, Harrison appreciation rates have trailed the rest of the nation. In the last twelve months, Harrison's appreciation rate has been 1.03%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Harrison were at 0.58%, which equates to an annual appreciation rate of 2.33%.

Relative to Arkansas, our data show that Harrison's latest annual appreciation rate is lower than 80% of the other cities and towns in Arkansas.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Harrison differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Harrison - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Harrison real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$112,492

Harrison, AR HOME PRICES

Value Range
> $1,011,000 0.7
$758,001 - $1,011,000 0.0
$506,001 - $758,000 0.1
$404,001 - $506,000 1.1
$303,001 - $404,000 2.0
$202,001 - $303,000 8.3
$101,001 - $202,000 34.2
$51,001 - $101,000 39.2
$0 - $51,000 14.3

High for AR
Low for Nation

Value Relative to Nation Value Relative to State
71.028748755782 30.6338028169014

Number Of Homes And Apartments:
5,563

Harrison Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
AR*
Compared To
America*
Latest Quarter:
2017 Q1 - 2017 Q2
Last 12 Months:
2016 Q2 - 2017 Q2
Last 2 Years:
2015 Q2 - 2017 Q2
Last 5 Years:
2012 Q2 - 2017 Q2
Last 10 Years:
2007 Q2 - 2017 Q2
Since 2000:
2000 Q1 - 2017 Q2
21.73% 1.13% 2 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$718 / per month

Homeownership Rate

Homeownership
Owners 53.91
Renters 46.09
Vacant 9.84

Housing Market Details

 

Age of Homes

AGE OF Harrison HOMES
2000 or Newer 7.3
1970 - 1999 52.6
1940 - 1969 28.4
1939 or Older 11.7

Types of Homes

TYPE OF Harrison HOMES
Single-Family 71.9
Townhomes 3.3
Small Apt. Buildings 9.0
Apt. Complexes 11.9
Mobile Homes 3.8
Other 0.0

Home Size

SIZE OF Harrison HOMES
No Bedroom 0.00
1 Bedroom 11.23
2 Bedrooms 32.59
3 Bedrooms 44.41
4 Bedrooms 8.49
5 or more bedrooms 3.27

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Zip Codes in Harrison, AR