Harrah, OK
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Harrah Neighborhoods Since 2000




Harrah, OK 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

Harrah Housing Market Information

With 5,891 people, 2,032 houses or apartments, and a median cost of homes of $149,697, Harrah real estate is some of the most expensive in Oklahoma, although Harrah home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Harrah, accounting for 80.17% of the city's housing units. Other types of housing that are prevalent in Harrah include mobile homes or trailers ( 11.33%), large apartment complexes or high rise apartments ( 6.97%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.53%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Harrah. Owner-occupied housing accounts for 70.24% of Harrah's homes, and 72.89% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Harrah 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 Harrah built between 1940-1969 ( 22.23%). A lesser amount of the housing stock also hails from between 2000 and later ( 19.40%). There's also some housing in Harrah built before 1939 ( 5.10%).

Vacant housing appears to be an issue in Harrah. Fully 11.42% of the housing stock is classified as vacant. Left unchecked, vacant Harrah homes and apartments can be a drag on the real estate market, holding Harrah 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.

Harrah Home Appreciation Rates

In the last 10 years, Harrah has experienced some of the highest home appreciation rates of any community in the nation. Harrah real estate appreciated 17.16% over the last ten years, which is an average annual home appreciation rate of 1.60%, putting Harrah in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Harrah definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, Harrah appreciation rates have trailed the rest of the nation. In the last twelve months, Harrah's appreciation rate has been 1.98%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Harrah were at 0.33%, which equates to an annual appreciation rate of 1.34%.

Relative to Oklahoma, our data show that Harrah's latest annual appreciation rate is lower than 80% of the other cities and towns in Oklahoma.

Average Home Values

 

Median Home Value:
$149,697

Harrah, OK HOME PRICES

Value Range
> $1,084,000 0.0
$813,001 - $1,084,000 0.0
$542,001 - $813,000 0.6
$434,001 - $542,000 1.0
$325,001 - $434,000 2.8
$217,001 - $325,000 16.8
$109,001 - $217,000 50.4
$54,001 - $109,000 23.5
$0 - $54,000 4.9

Very High for OK
Average for Nation

Value Relative to Nation Value Relative to State
50.1406304933786 9.96978851963746

Number Of Homes And Apartments:
2,032

Harrah Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OK*
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
55.30% 2.58% 5 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$771 / per month

Homeownership Rate

Homeownership
Owners 70.24
Renters 29.76
Vacant 11.42

Housing Market Details

 

Age of Homes

AGE OF Harrah HOMES
2000 or Newer 19.4
1970 - 1999 53.3
1940 - 1969 22.2
1939 or Older 5.1

Types of Homes

TYPE OF Harrah HOMES
Single-Family 80.2
Townhomes 0.0
Small Apt. Buildings 1.5
Apt. Complexes 7.0
Mobile Homes 11.3
Other 0.0

Home Size

SIZE OF Harrah HOMES
No Bedroom 1.31
1 Bedroom 5.67
2 Bedrooms 19.40
3 Bedrooms 61.07
4 Bedrooms 11.81
5 or more bedrooms 0.74