Harvey, LA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Harvey Neighborhoods Since 2000




Harvey, 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

Harvey Housing Market Information

With 20,523 people, 7,758 houses or apartments, and a median cost of homes of $117,519, house prices in Harvey are solidly below the national average.

Single-family detached homes are the single most common housing type in Harvey, accounting for 58.47% of the town's housing units. Other types of housing that are prevalent in Harvey include large apartment complexes or high rise apartments ( 19.67%), duplexes, homes converted to apartments or other small apartment buildings ( 14.98%), and a few row houses and other attached homes ( 5.85%).

The most prevalent building size and type in Harvey are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 56.37% owning and 43.63% renting.

There is a lot of housing in Harvey 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 Harvey built between 1940-1969 ( 36.31%). A lesser amount of the housing stock also hails from between 2000 and later ( 6.94%). There's also some housing in Harvey built before 1939 ( 2.53%).

Vacant housing appears to be an issue in Harvey. Fully 14.04% of the housing stock is classified as vacant. Left unchecked, vacant Harvey homes and apartments can be a drag on the real estate market, holding Harvey 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.

Harvey Home Appreciation Rates

Harvey's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Harvey during the period has been just -1.35%, which is lower than 80% of US communities.

Over the last year, Harvey appreciation rates have trailed the rest of the nation. In the last twelve months, Harvey's appreciation rate has been 0.22%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Harvey were at -1.40%, which equates to an annual appreciation rate of -5.49%.

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

Relative to Louisiana, our data show that Harvey's latest annual appreciation rate is lower than 60% of the other cities and towns in Louisiana.

One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Harvey differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Harvey - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Harvey real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$117,519

Harvey, LA HOME PRICES

Value Range
> $1,023,000 0.3
$768,001 - $1,023,000 0.1
$512,001 - $768,000 0.2
$410,001 - $512,000 1.6
$307,001 - $410,000 2.7
$205,001 - $307,000 9.4
$103,001 - $205,000 59.9
$51,001 - $103,000 21.5
$0 - $51,000 4.3

Average for LA
Low for Nation

Value Relative to Nation Value Relative to State
66.9225360365639 45.6445993031359

Number Of Homes And Apartments:
7,758

Harvey 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
26.53% 1.37% 1 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,102 / per month

Homeownership Rate

Homeownership
Owners 56.37
Renters 43.63
Vacant 14.04

Housing Market Details

 

Age of Homes

AGE OF Harvey HOMES
2000 or Newer 6.9
1970 - 1999 54.2
1940 - 1969 36.3
1939 or Older 2.5

Types of Homes

TYPE OF Harvey HOMES
Single-Family 58.5
Townhomes 5.9
Small Apt. Buildings 15.0
Apt. Complexes 19.7
Mobile Homes 1.0
Other 0.1

Home Size

SIZE OF Harvey HOMES
No Bedroom 2.04
1 Bedroom 13.44
2 Bedrooms 28.84
3 Bedrooms 41.19
4 Bedrooms 13.76
5 or more bedrooms 0.73