Harrisburg, NC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Harrisburg Neighborhoods Since 2000




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 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

Harrisburg Housing Market Information

With a population of 14,539, 4,422 total housing units (homes and apartments), and a median house value of $306,117, Harrisburg real estate is some of the most expensive in North Carolina, although Harrisburg home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Harrisburg, accounting for 87.81% of the town's housing units. Other types of housing that are prevalent in Harrisburg include large apartment complexes or high rise apartments ( 5.66%), row houses and other attached homes ( 5.04%), and a few mobile homes or trailers ( 1.23%).

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 87.40% of Harrisburg's homes, and 69.47% 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. 63.70% 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 ( 31.37%), 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 5.65%, which ranks in the top 40% nationwide. This equates to an annual average Harrisburg house appreciation rate of 0.55%.

Appreciation rates are so strong in Harrisburg that despite a nationwide downturn in the housing market, Harrisburg real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Harrisburg appreciation rates continue to be some of the highest in America, at 7.72%, which is higher than appreciation rates in 85.37% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Harrisburg. Harrisburg appreciation rates in the latest quarter were at 1.88%, which equates to an annual appreciation rate of 7.72%.

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 higher than 90% of the other cities and towns in North Carolina.

Average Home Values

 

Median Home Value:
$306,117

Harrisburg, NC HOME PRICES

Value Range
> $1,185,000 0.0
$889,001 - $1,185,000 0.0
$592,001 - $889,000 0.7
$474,001 - $592,000 7.2
$355,001 - $474,000 13.2
$237,001 - $355,000 36.7
$118,001 - $237,000 40.2
$59,001 - $118,000 0.9
$0 - $59,000 1.0

Very High for NC
Very High for Nation

Value Relative to Nation Value Relative to State
15.8326497128794 7.07803992740472

Number Of Homes And Apartments:
4,422

Harrisburg Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NC*
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
29.08% 1.49% 6 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,709 / per month

Homeownership Rate

Homeownership
Owners 87.40
Renters 12.60
Vacant 2.66

Housing Market Details

 

Age of Homes

AGE OF Harrisburg HOMES
2000 or Newer 63.7
1970 - 1999 31.4
1940 - 1969 4.5
1939 or Older 0.5

Types of Homes

TYPE OF Harrisburg HOMES
Single-Family 87.8
Townhomes 5.0
Small Apt. Buildings 0.3
Apt. Complexes 5.7
Mobile Homes 1.2
Other 0.0

Home Size

SIZE OF Harrisburg HOMES
No Bedroom 3.06
1 Bedroom 0.00
2 Bedrooms 7.11
3 Bedrooms 43.32
4 Bedrooms 26.15
5 or more bedrooms 20.36

Popular Neighborhoods in Harrisburg

Zip Codes in Harrisburg, NC