Harahan, LA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Harahan Neighborhoods Since 2000




Harahan, LA 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

Harahan Housing Market Information

With a population of 9,350, 3,870 total housing units (homes and apartments), and a median house value of $263,406, Harahan real estate is some of the most expensive in Louisiana, although Harahan home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Harahan, accounting for 82.62% of the city's housing units. Other types of housing that are prevalent in Harahan include duplexes, homes converted to apartments or other small apartment buildings ( 11.02%), large apartment complexes or high rise apartments ( 3.23%), and a few row houses and other attached homes ( 1.96%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Harahan. Owner-occupied housing accounts for 73.51% of Harahan's homes, and 66.45% 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. Harahan's housing was primarily built during this period, from the '40s through the '60s. A full 51.00% of the city's housing hails from this era. Other housing ages represented in Harahan include homes built between 1970-1999 ( 40.05%) and housing constructed between 2000 and later ( 4.66%). There's also some housing in Harahan built before 1939 ( 4.28%).

Harahan Home Appreciation Rates

Appreciation rates for homes in Harahan have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 0.51%, which ranks in the top 50% nationwide. This equates to an annual average Harahan house appreciation rate of 0.05%.

Over the last year, Harahan appreciation rates have trailed the rest of the nation. In the last twelve months, Harahan's appreciation rate has been 2.98%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Harahan were at -1.40%, which equates to an annual appreciation rate of -5.49%.

Notably, Harahan's appreciation rate in the latest quarter is one of the lowest in America.

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

Average Home Values

 

Median Home Value:
$263,406

Harahan, LA HOME PRICES

Value Range
> $1,126,000 1.4
$845,001 - $1,126,000 1.5
$563,001 - $845,000 1.3
$451,001 - $563,000 4.1
$338,001 - $451,000 16.2
$225,001 - $338,000 32.3
$113,001 - $225,000 32.4
$57,001 - $113,000 6.9
$0 - $57,000 3.9

Very High for LA
High for Nation

Value Relative to Nation Value Relative to State
20.625805695535 1.39372822299652

Number Of Homes And Apartments:
3,870

Harahan Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
LA*
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
49.01% 2.34% 3 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,203 / per month

Homeownership Rate

Homeownership
Owners 73.51
Renters 26.49
Vacant 7.46

Housing Market Details

 

Age of Homes

AGE OF Harahan HOMES
2000 or Newer 4.7
1970 - 1999 40.1
1940 - 1969 51.0
1939 or Older 4.3

Types of Homes

TYPE OF Harahan HOMES
Single-Family 82.6
Townhomes 2.0
Small Apt. Buildings 11.0
Apt. Complexes 3.2
Mobile Homes 1.2
Other 0.0

Home Size

SIZE OF Harahan HOMES
No Bedroom 0.19
1 Bedroom 5.95
2 Bedrooms 23.10
3 Bedrooms 50.81
4 Bedrooms 15.64
5 or more bedrooms 4.30