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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With a population of 563, 241 total housing units (homes and apartments), and a median house value of $131,136, house prices in Harmony are solidly below the national average.
Single-family detached homes are the single most common housing type in Harmony, accounting for 77.89% of the town's housing units. Other types of housing that are prevalent in Harmony include mobile homes or trailers ( 21.09%), row houses and other attached homes ( 1.02%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Harmony. Owner-occupied housing accounts for 66.80% of Harmony's homes, and 53.40% 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. Harmony's housing was primarily built during this period, from the '40s through the '60s. A full 40.48% of the town's housing hails from this era. Other housing ages represented in Harmony include homes built between 1970-1999 ( 36.05%) and housing constructed before 1939 ( 18.71%). There's also some housing in Harmony built between 2000 and later ( 4.76%).
Vacant housing appears to be an issue in Harmony. Fully 18.03% of the housing stock is classified as vacant. Left unchecked, vacant Harmony homes and apartments can be a drag on the real estate market, holding Harmony 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.
Real estate appreciation rates in Harmony's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.01% during the period.
Over the last year, Harmony appreciation rates have trailed the rest of the nation. In the last twelve months, Harmony's appreciation rate has been 1.39%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Harmony were at 1.88%, which equates to an annual appreciation rate of 7.72%.
Importantly, this makes Harmony one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.
Relative to North Carolina, our data show that Harmony's latest annual appreciation rate is lower than 70% of the other cities and towns in North Carolina.
|$815,001 - $1,087,000||0.1|
|$543,001 - $815,000||0.5|
|$435,001 - $543,000||0.4|
|$326,001 - $435,000||8.2|
|$217,001 - $326,000||11.6|
|$109,001 - $217,000||39.1|
|$54,001 - $109,000||25.2|
|$0 - $54,000||14.3|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Harmony HOMES|
|2000 or Newer||4.8|
|1970 - 1999||36.1|
|1940 - 1969||40.5|
|1939 or Older||18.7|
|TYPE OF Harmony HOMES|
|Small Apt. Buildings||0.0|
|SIZE OF Harmony HOMES|
|5 or more bedrooms||4.42|