Harrison, NY Real Estate Market

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 Q4 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Harrison, NY Housing Market Trends

With a population of 28,943, 8,412 total housing units (homes and apartments), and a median house value of $793,761, Harrison house prices are not only among the most expensive in New York, Harrison real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Harrison, accounting for 52.96% of the village's housing units. Other types of housing that are prevalent in Harrison include duplexes, homes converted to apartments or other small apartment buildings ( 29.79%), large apartment complexes or high rise apartments ( 10.38%), and a few row houses and other attached homes ( 6.87%).

The most prevalent building size and type in Harrison are three and four bedroom dwellings, chiefly found in single-family detached homes. The village has a mixture of owners and renters, with 57.78% owning and 42.22% renting.

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. Harrison's housing was primarily built during this period, from the '40s through the '60s. A full 42.61% of the village's housing hails from this era. Other housing ages represented in Harrison include homes built between 1970-1999 ( 25.38%) and housing constructed before 1939 ( 22.47%). There's also some housing in Harrison built between 2000 and later ( 9.55%).

Harrison Home Appreciation Rates

Real estate appreciation rates in Harrison's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 2.64% during the period.

Over the last year, Harrison appreciation rates have trailed the rest of the nation. In the last twelve months, Harrison's appreciation rate has been 4.09%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Harrison were at 1.69%, which equates to an annual appreciation rate of 6.92%.

Relative to New York, our data show that Harrison's latest annual appreciation rate is lower than 70% of the other cities and towns in New York.

One very important thing to keep in mind is that these are average appreciation rates for the village. Individual neighborhoods within Harrison differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Harrison - 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 Harrison real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$793,761

Harrison, NY HOME PRICES

> $1,101,000
34.9%
34.9%
$826,001 - $1,101,000
19.1%
19.1%
$551,001 - $826,000
24.9%
24.9%
$441,001 - $551,000
6.1%
6.1%
$330,001 - $441,000
1.5%
1.5%
$220,001 - $330,000
3.5%
3.5%
$110,001 - $220,000
7.4%
7.4%
$55,001 - $110,000
1.3%
1.3%
$0 - $55,000
1.3%
1.3%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Very High for NY

Value Relative To Nation

Number Of Homes And Apartments:
8,412

Harrison Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NY*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
88.16% 3.06%
5
7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$3,829 / per month

Homeownership Rate

Owners
57.8%
57.8%
Renters
42.2%
42.2%
Vacant
7.3%
7.3%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
9.5%
9.5%
1970 - 1999
25.4%
25.4%
1940 - 1969
42.6%
42.6%
1939 or Older
22.5%
22.5%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
53.0%
53.0%
Townhomes
6.9%
6.9%
Small Apt. Buildings
29.8%
29.8%
Apt. Complexes
10.4%
10.4%
Mobile Homes
0.0%
0.0%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
2.1%
2.1%
1 Bedroom
11.6%
11.6%
2 Bedrooms
14.9%
14.9%
3 Bedrooms
32.7%
32.7%
4 Bedrooms
19.4%
19.4%
5 or more bedrooms
19.2%
19.2%
0.0% 100.0%
% OF HOMES