Harrington, DE
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Harrington Neighborhoods Since 2000




Harrington, DE Real Estate Data


Harrington Housing Market Information

With 3,691 people, 1,355 houses or apartments, and a median cost of homes of $200,408, 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 57.45% of the city's housing units. Other types of housing that are prevalent in Harrington include large apartment complexes or high rise apartments ( 25.99%), duplexes, homes converted to apartments or other small apartment buildings ( 10.49%), and a few row houses and other attached homes ( 4.82%).

People in Harrington primarily live in small (one, two or no bedroom) single-family detached homes. Harrington has a mixture of owner-occupied and renter-occupied housing.

Harrington homes and real estate are some of the newest in America. 30.67% of Harrington's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Harrington real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 27.90%), and between 1940-1969 ( 24.01%). There's also some housing in Harrington built before 1939 ( 17.41%).

Vacant housing appears to be an issue in Harrington. Fully 10.62% 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 -1.43%, 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 8.75%, which is higher than appreciation rates in 94.86% 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 3.88%, which equates to an annual appreciation rate of 16.43%.

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 90% of the other cities and towns in Delaware.

Average Home Values

 

Median Home Value:
$200,408

Harrington, DE HOME PRICES

Value Range
> $1,124,000 1.7
$843,001 - $1,124,000 0.0
$562,001 - $843,000 0.8
$450,001 - $562,000 0.0
$338,001 - $450,000 11.2
$225,001 - $338,000 23.3
$113,001 - $225,000 41.8
$56,001 - $113,000 12.3
$0 - $56,000 8.8

Low for DE
High for Nation

Value Relative to Nation Value Relative to State
33.0210224278269 68.1818181818182

Number Of Homes And Apartments:
1,355

Rent & Ownership

 

Average Market Rent:
$1,023 / per month

Homeownership Rate

Homeownership
Owners 45.83
Renters 54.17
Vacant 10.62

Housing Market Details

 

Age of Homes

AGE OF Harrington HOMES
2000 or Newer 30.7
1970 - 1999 27.9
1940 - 1969 24.0
1939 or Older 17.4

Types of Homes

TYPE OF Harrington HOMES
Single-Family 57.5
Townhomes 4.8
Small Apt. Buildings 10.5
Apt. Complexes 26.0
Mobile Homes 1.3
Other 0.0

Home Size

SIZE OF Harrington HOMES
No Bedroom 2.51
1 Bedroom 8.38
2 Bedrooms 36.87
3 Bedrooms 30.54
4 Bedrooms 15.30
5 or more bedrooms 6.40

Harrington Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
DE*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
54.33% 2.59% 4 7
* 10 is highest

Popular Neighborhoods in Harrington

Zip Codes in Harrington, DE