Harrington, DE
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Harrington, DE 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

Harrington Housing Market Information

With a population of 3,691, 1,320 total housing units (homes and apartments), and a median house value of $198,445, Harrington real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Harrington, accounting for 55.90% of the city's housing units. Other types of housing that are prevalent in Harrington include large apartment complexes or high rise apartments ( 28.11%), duplexes, homes converted to apartments or other small apartment buildings ( 9.35%), and a few row houses and other attached homes ( 4.58%).

The most prevalent building size and type in Harrington are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 47.80% owning and 52.20% renting.

There is a lot of housing in Harrington 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 Harrington built between 1940-1969 ( 25.92%). A lesser amount of the housing stock also hails from between 2000 and later ( 22.95%). There's also some housing in Harrington built before 1939 ( 16.83%).

Vacant housing appears to be an issue in Harrington. Fully 14.89% of the housing stock is classified as vacant. Left unchecked, vacant Harrington homes and apartments can be a drag on the real estate market, holding Harrington 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.

Harrington Home Appreciation Rates

Harrington's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Harrington during the period has been just -1.65%, which is lower than 80% of US communities.

Appreciation rates are so strong in Harrington that despite a nationwide downturn in the housing market, Harrington real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Harrington appreciation rates continue to be some of the highest in America, at 6.15%, which is higher than appreciation rates in 75.28% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Harrington. Harrington appreciation rates in the latest quarter were at 3.34%, which equates to an annual appreciation rate of 14.05%.

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

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

Average Home Values

 

Median Home Value:
$198,445

Harrington, DE HOME PRICES

Value Range
> $1,139,000 1.1
$855,001 - $1,139,000 0.0
$569,001 - $855,000 1.1
$456,001 - $569,000 0.0
$342,001 - $456,000 6.1
$228,001 - $342,000 27.7
$114,001 - $228,000 41.7
$57,001 - $114,000 15.6
$0 - $57,000 6.6

Low for DE
High for Nation

Value Relative to Nation Value Relative to State
32.6878003046994 75.0

Number Of Homes And Apartments:
1,320

Harrington Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
DE*
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
56.13% 2.62% 6 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,123 / per month

Homeownership Rate

Homeownership
Owners 47.80
Renters 52.20
Vacant 14.89

Housing Market Details

 

Age of Homes

AGE OF Harrington HOMES
2000 or Newer 23.0
1970 - 1999 34.3
1940 - 1969 25.9
1939 or Older 16.8

Types of Homes

TYPE OF Harrington HOMES
Single-Family 55.9
Townhomes 4.6
Small Apt. Buildings 9.3
Apt. Complexes 28.1
Mobile Homes 2.1
Other 0.0

Home Size

SIZE OF Harrington HOMES
No Bedroom 2.32
1 Bedroom 8.70
2 Bedrooms 34.04
3 Bedrooms 39.59
4 Bedrooms 10.12
5 or more bedrooms 5.22

Popular Neighborhoods in Harrington

Zip Codes in Harrington, DE