Harrisburg, SD
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Harrisburg, SD Real Estate Data


Harrisburg Housing Market Information

With 5,498 people, 1,444 houses or apartments, and a median cost of homes of $207,150, Harrisburg real estate is some of the most expensive in South Dakota, 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 85.68% of the city's housing units. Other types of housing that are prevalent in Harrisburg include large apartment complexes or high rise apartments ( 7.40%), duplexes, homes converted to apartments or other small apartment buildings ( 5.20%), and a few row houses and other attached homes ( 1.73%).

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 84.90% of Harrisburg's homes, and 69.75% 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. 67.75% of Harrisburg's housing was built since 2000, making the city 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 ( 17.65%), and between 1940-1969 ( 7.40%). There's also some housing in Harrisburg built before 1939 ( 7.20%).

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 10.35%, which ranks in the top 40% nationwide. This equates to an annual average Harrisburg house appreciation rate of 0.99%.

NeighborhoodScout's data show that during the latest twelve months, Harrisburg's appreciation rate, at 4.70%, has been at or slightly above the national average. In the latest quarter, Harrisburg's appreciation rate has been 0.90%, which annualizes to a rate of 3.65%.

Notably, Harrisburg's appreciation rate in the latest quarter is one of the lowest in America.

Relative to South Dakota, our data show that Harrisburg's latest annual appreciation rate is higher than 50% of the other cities and towns in South Dakota.

Average Home Values

 

Median Home Value:
$207,150

Harrisburg, SD HOME PRICES

Value Range
> $1,161,000 7.0
$871,001 - $1,161,000 1.3
$581,001 - $871,000 0.0
$465,001 - $581,000 1.5
$349,001 - $465,000 5.4
$232,001 - $349,000 17.8
$116,001 - $232,000 56.2
$58,001 - $116,000 8.5
$0 - $58,000 2.3

Very High for SD
High for Nation

Value Relative to Nation Value Relative to State
31.4340926392223 7.31707317073171

Number Of Homes And Apartments:
1,444

Rent & Ownership

 

Average Market Rent:
$895 / per month

Homeownership Rate

Homeownership
Owners 84.90
Renters 15.10
Vacant 3.80

Housing Market Details

 

Age of Homes

AGE OF Harrisburg HOMES
2000 or Newer 67.8
1970 - 1999 17.7
1940 - 1969 7.4
1939 or Older 7.2

Types of Homes

TYPE OF Harrisburg HOMES
Single-Family 85.7
Townhomes 1.7
Small Apt. Buildings 5.2
Apt. Complexes 7.4
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Harrisburg HOMES
No Bedroom 0.00
1 Bedroom 3.86
2 Bedrooms 22.39
3 Bedrooms 29.71
4 Bedrooms 40.04
5 or more bedrooms 4.00

Harrisburg Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
SD*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
39.81% 1.99% 1 5
* 10 is highest

Popular Neighborhoods in Harrisburg

Zip Codes in Harrisburg, SD