Harrisburg NC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Harrisburg, NC 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 Q2 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Harrisburg Housing Market Information

With 16,075 people, 4,854 houses or apartments, and a median cost of homes of $354,847, Harrisburg real estate is some of the most expensive in North Carolina, although Harrisburg home values aren't among America's most expensive.

Harrisburg is a town of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Harrisburg than is found in 98% of the communities in America.

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Harrisburg. Owner-occupied housing accounts for 84.28% of Harrisburg's homes, and 66.41% have either three or four bedrooms, which is average sized relative to America.

Harrisburg homes and real estate are some of the newest in America. 68.46% of Harrisburg's housing was built since 2000, making the town have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Harrisburg real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 26.43%), and between 1940-1969 ( 4.47%).

Harrisburg Home Appreciation Rates

Appreciation rates for homes in Harrisburg have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 29.42%, which ranks in the top 50% nationwide. This equates to an annual average Harrisburg house appreciation rate of 2.61%.

NeighborhoodScout's data show that during the latest twelve months, Harrisburg's appreciation rate, at 4.80%, has been at or slightly above the national average. In the latest quarter, Harrisburg's appreciation rate has been 1.67%, which annualizes to a rate of 6.83%.

Importantly, this makes Harrisburg 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 Harrisburg's latest annual appreciation rate is lower than 60% of the other cities and towns in North Carolina.

Average Home Values

 

Median Home Value:
$354,847

Harrisburg, NC HOME PRICES

Value Range
> $1,252,000 0.0
$939,001 - $1,252,000 0.4
$626,001 - $939,000 1.0
$501,001 - $626,000 3.4
$375,001 - $501,000 23.1
$251,001 - $375,000 39.4
$125,001 - $251,000 28.2
$63,001 - $125,000 2.7
$0 - $63,000 1.9

Very High for NC
Very High for Nation

Value Relative to Nation Value Relative to State
15.8423357664234 7.97101449275362

Number Of Homes And Apartments:
4,854

Harrisburg Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NC*
Compared To
America*
Latest Quarter:
2020 Q1 - 2020 Q2
Last 12 Months:
2019 Q2 - 2020 Q2
Last 2 Years:
2018 Q2 - 2020 Q2
Last 5 Years:
2015 Q2 - 2020 Q2
Last 10 Years:
2010 Q2 - 2020 Q2
Since 2000:
2000 Q1 - 2020 Q2
50.58% 2.02%
6
3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,164 / per month

Homeownership Rate

Homeownership
Owners 84.28
Renters 15.72
Vacant 1.48

Housing Market Details

 

Age of Homes

AGE OF Harrisburg HOMES
2000 or Newer 68.5
1970 - 1999 26.4
1940 - 1969 4.5
1939 or Older 0.6

Types of Homes

TYPE OF Harrisburg HOMES
Single-Family 87.5
Townhomes 7.2
Small Apt. Buildings 1.1
Apt. Complexes 3.6
Mobile Homes 0.5
Other 0.0

Home Size

SIZE OF Harrisburg HOMES
No Bedroom 2.11
1 Bedroom 0.00
2 Bedrooms 8.36
3 Bedrooms 34.56
4 Bedrooms 31.84
5 or more bedrooms 23.12

Popular Neighborhoods in Harrisburg

Zip Codes in Harrisburg, NC