Harlem, GA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Harlem, GA 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

Harlem Housing Market Information

With a population of 2,967, 1,103 total housing units (homes and apartments), and a median house value of $124,957, house prices in Harlem are solidly below the national average.

Single-family detached homes are the single most common housing type in Harlem, accounting for 80.75% of the city's housing units. Other types of housing that are prevalent in Harlem include duplexes, homes converted to apartments or other small apartment buildings ( 6.81%), row houses and other attached homes ( 5.16%), and a few mobile homes or trailers ( 4.23%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Harlem. Owner-occupied housing accounts for 70.56% of Harlem's homes, and 66.67% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Harlem 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 Harlem built between 1940-1969 ( 28.33%). A lesser amount of the housing stock also hails from between 2000 and later ( 25.20%). There's also some housing in Harlem built before 1939 ( 6.42%).

Vacant housing appears to be an issue in Harlem. Fully 13.69% of the housing stock is classified as vacant. Left unchecked, vacant Harlem homes and apartments can be a drag on the real estate market, holding Harlem 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.

Harlem Home Appreciation Rates

Real estate appreciation rates in Harlem's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.35% during the period.

Appreciation rates are so strong in Harlem that despite a nationwide downturn in the housing market, Harlem real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Harlem appreciation rates continue to be some of the highest in America, at 6.88%, which is higher than appreciation rates in 80.53% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Harlem. Harlem appreciation rates in the latest quarter were at 0.72%, which equates to an annual appreciation rate of 2.91%.

Relative to Georgia, our data show that Harlem's latest annual appreciation rate is higher than 70% of the other cities and towns in Georgia.

Average Home Values

 

Median Home Value:
$124,957

Harlem, GA HOME PRICES

Value Range
> $1,088,000 0.0
$816,001 - $1,088,000 0.0
$544,001 - $816,000 0.4
$436,001 - $544,000 1.0
$327,001 - $436,000 2.3
$218,001 - $327,000 12.9
$109,001 - $218,000 44.8
$54,001 - $109,000 28.6
$0 - $54,000 10.0

Average for GA
Low for Nation

Value Relative to Nation Value Relative to State
62.5981483651705 48.2029598308668

Number Of Homes And Apartments:
1,103

Harlem Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
GA*
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
31.78% 1.61% 8 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$946 / per month

Homeownership Rate

Homeownership
Owners 70.56
Renters 29.44
Vacant 13.69

Housing Market Details

 

Age of Homes

AGE OF Harlem HOMES
2000 or Newer 25.2
1970 - 1999 40.1
1940 - 1969 28.3
1939 or Older 6.4

Types of Homes

TYPE OF Harlem HOMES
Single-Family 80.8
Townhomes 5.2
Small Apt. Buildings 6.8
Apt. Complexes 3.1
Mobile Homes 4.2
Other 0.0

Home Size

SIZE OF Harlem HOMES
No Bedroom 0.00
1 Bedroom 4.54
2 Bedrooms 27.78
3 Bedrooms 48.83
4 Bedrooms 17.84
5 or more bedrooms 1.02

Popular Neighborhoods in Harlem

Zip Codes in Harlem, GA