Harlem, MT
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Harlem, MT Real Estate Data


Harlem Housing Market Information

With a population of 822, 303 total housing units (homes and apartments), and a median house value of $91,972, house prices in Harlem are some of the most affordable in Montana as well as the nation.

Single-family detached homes are the single most common housing type in Harlem, accounting for 69.62% of the city's housing units. Other types of housing that are prevalent in Harlem include mobile homes or trailers ( 17.72%), large apartment complexes or high rise apartments ( 6.33%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.38%).

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

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 ( 29.11%). A lesser amount of the housing stock also hails from before 1939 ( 28.48%). There's also some housing in Harlem built between 2000 and later ( 4.43%).

Harlem Home Appreciation Rates

Appreciation rates for homes in Harlem have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 9.26%, which ranks in the top 40% nationwide. This equates to an annual average Harlem house appreciation rate of 0.89%.

Over the last year, Harlem appreciation rates have trailed the rest of the nation. In the last twelve months, Harlem's appreciation rate has been 3.39%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Harlem were at 2.00%, which equates to an annual appreciation rate of 8.24%.

Relative to Montana, our data show that Harlem's latest annual appreciation rate is lower than 50% of the other cities and towns in Montana.

Average Home Values

 

Median Home Value:
$91,972

Harlem, MT HOME PRICES

Value Range
> $1,198,000 0.3
$899,001 - $1,198,000 0.0
$599,001 - $899,000 0.5
$479,001 - $599,000 0.0
$360,001 - $479,000 2.5
$239,001 - $360,000 0.8
$120,001 - $239,000 29.7
$60,001 - $120,000 39.9
$0 - $60,000 26.3

Very Low for MT
Very Low for Nation

Value Relative to Nation Value Relative to State
84.0662879896937 92.96875

Number Of Homes And Apartments:
303

Rent & Ownership

 

Average Market Rent:
$1,922 / per month

Homeownership Rate

Homeownership
Owners 58.17
Renters 41.83
Vacant 4.11

Housing Market Details

 

Age of Homes

AGE OF Harlem HOMES
2000 or Newer 4.4
1970 - 1999 38.0
1940 - 1969 29.1
1939 or Older 28.5

Types of Homes

TYPE OF Harlem HOMES
Single-Family 69.6
Townhomes 0.9
Small Apt. Buildings 5.4
Apt. Complexes 6.3
Mobile Homes 17.7
Other 0.0

Home Size

SIZE OF Harlem HOMES
No Bedroom 0.00
1 Bedroom 11.08
2 Bedrooms 43.99
3 Bedrooms 29.11
4 Bedrooms 14.24
5 or more bedrooms 1.58

Harlem Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MT*
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
80.06% 3.52% 5 9
* 10 is highest

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