Harlan, IA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Harlan Neighborhoods Since 2000




Harlan, IA 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

Harlan Housing Market Information

With 5,002 people, 2,275 houses or apartments, and a median cost of homes of $139,238, house prices in Harlan are solidly below the national average.

Single-family detached homes are the single most common housing type in Harlan, accounting for 79.94% of the city's housing units. Other types of housing that are prevalent in Harlan include large apartment complexes or high rise apartments ( 10.13%), duplexes, homes converted to apartments or other small apartment buildings ( 4.95%), and a few mobile homes or trailers ( 2.98%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Harlan. Owner-occupied housing accounts for 75.75% of Harlan's homes, and 50.94% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Harlan's housing was primarily built during this period, from the '40s through the '60s. A full 36.51% of the city's housing hails from this era. Other housing ages represented in Harlan include homes built before 1939 ( 30.88%) and housing constructed between 1970-1999 ( 26.34%). There's also some housing in Harlan built between 2000 and later ( 6.27%).

Harlan Home Appreciation Rates

In the last 10 years, Harlan has experienced some of the highest home appreciation rates of any community in the nation. Harlan real estate appreciated 16.70% over the last ten years, which is an average annual home appreciation rate of 1.56%, putting Harlan in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Harlan definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Harlan that despite a nationwide downturn in the housing market, Harlan real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Harlan appreciation rates continue to be some of the highest in America, at 6.08%, which is higher than appreciation rates in 74.76% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Harlan. Harlan appreciation rates in the latest quarter were at 0.99%, which equates to an annual appreciation rate of 4.00%.

Relative to Iowa, our data show that Harlan's latest annual appreciation rate is higher than 90% of the other cities and towns in Iowa.

Average Home Values

 

Median Home Value:
$139,238

Harlan, IA HOME PRICES

Value Range
> $1,134,000 0.5
$851,001 - $1,134,000 0.0
$567,001 - $851,000 0.3
$454,001 - $567,000 1.7
$340,001 - $454,000 4.8
$227,001 - $340,000 8.3
$113,001 - $227,000 39.1
$57,001 - $113,000 33.4
$0 - $57,000 11.9

High for IA
Average for Nation

Value Relative to Nation Value Relative to State
55.1271534044299 38.5185185185185

Number Of Homes And Apartments:
2,275

Harlan Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IA*
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
50.36% 2.39% 6 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$602 / per month

Homeownership Rate

Homeownership
Owners 75.75
Renters 24.25
Vacant 8.52

Housing Market Details

 

Age of Homes

AGE OF Harlan HOMES
2000 or Newer 6.3
1970 - 1999 26.3
1940 - 1969 36.5
1939 or Older 30.9

Types of Homes

TYPE OF Harlan HOMES
Single-Family 79.9
Townhomes 2.0
Small Apt. Buildings 4.9
Apt. Complexes 10.1
Mobile Homes 3.0
Other 0.0

Home Size

SIZE OF Harlan HOMES
No Bedroom 0.80
1 Bedroom 7.40
2 Bedrooms 35.14
3 Bedrooms 28.75
4 Bedrooms 22.20
5 or more bedrooms 5.71

Popular Neighborhoods in Harlan

Popular Communities Near Harlan, IA

Zip Codes in Harlan, IA