Harrisburg, SD
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Harrisburg Neighborhoods Since 2000




Harrisburg, SD 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 5,498, 1,591 total housing units (homes and apartments), and a median house value of $206,842, 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 84.15% of the city's housing units. Other types of housing that are prevalent in Harrisburg include large apartment complexes or high rise apartments ( 10.59%), duplexes, homes converted to apartments or other small apartment buildings ( 4.17%), and a few row houses and other attached homes ( 1.09%).

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 85.67% of Harrisburg's homes, and 68.60% 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. 69.99% 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 ( 16.27%), and between 1940-1969 ( 7.92%). There's also some housing in Harrisburg built before 1939 ( 5.81%).

Harrisburg Home Appreciation Rates

In the last 10 years, Harrisburg has experienced some of the highest home appreciation rates of any community in the nation. Harrisburg real estate appreciated 16.77% over the last ten years, which is an average annual home appreciation rate of 1.56%, putting Harrisburg in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Harrisburg definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

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 5.78%, which is higher than appreciation rates in 72.11% 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 1.51%, which equates to an annual appreciation rate of 6.18%.

Relative to South Dakota, our data show that Harrisburg's latest annual appreciation rate is higher than 80% of the other cities and towns in South Dakota.

Average Home Values

 

Median Home Value:
$206,842

Harrisburg, SD HOME PRICES

Value Range
> $1,164,000 4.8
$873,001 - $1,164,000 0.0
$582,001 - $873,000 0.0
$465,001 - $582,000 1.6
$349,001 - $465,000 9.0
$233,001 - $349,000 19.0
$116,001 - $233,000 53.5
$58,001 - $116,000 9.1
$0 - $58,000 3.0

Very High for SD
High for Nation

Value Relative to Nation Value Relative to State
30.5636938942927 9.16666666666667

Number Of Homes And Apartments:
1,591

Harrisburg Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
SD*
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
46.41% 2.23% 1 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$984 / per month

Homeownership Rate

Homeownership
Owners 85.67
Renters 14.33
Vacant 3.75

Housing Market Details

 

Age of Homes

AGE OF Harrisburg HOMES
2000 or Newer 70.0
1970 - 1999 16.3
1940 - 1969 7.9
1939 or Older 5.8

Types of Homes

TYPE OF Harrisburg HOMES
Single-Family 84.2
Townhomes 1.1
Small Apt. Buildings 4.2
Apt. Complexes 10.6
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Harrisburg HOMES
No Bedroom 0.00
1 Bedroom 5.20
2 Bedrooms 21.17
3 Bedrooms 30.85
4 Bedrooms 37.75
5 or more bedrooms 5.02

Popular Neighborhoods in Harrisburg

Zip Codes in Harrisburg, SD