Harrogate, TN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Harrogate, TN Real Estate Data


Harrogate Housing Market Information

With a population of 4,388, 1,517 total housing units (homes and apartments), and a median house value of $125,434, house prices in Harrogate are solidly below the national average.

Single-family detached homes are the single most common housing type in Harrogate, accounting for 89.28% of the city's housing units. Other types of housing that are prevalent in Harrogate include mobile homes or trailers ( 6.47%), duplexes, homes converted to apartments or other small apartment buildings ( 3.74%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Harrogate. Owner-occupied housing accounts for 69.37% of Harrogate's homes, and 72.32% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Harrogate 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 Harrogate built between 1940-1969 ( 21.38%). A lesser amount of the housing stock also hails from between 2000 and later ( 10.15%). There's also some housing in Harrogate built before 1939 ( 9.70%).

Vacant housing appears to be an issue in Harrogate. Fully 13.95% of the housing stock is classified as vacant. Left unchecked, vacant Harrogate homes and apartments can be a drag on the real estate market, holding Harrogate 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.

Harrogate Home Appreciation Rates

Appreciation rates for homes in Harrogate have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 15.93%, which ranks in the top 30% nationwide. This equates to an annual average Harrogate house appreciation rate of 1.49%.

NeighborhoodScout's data show that during the latest twelve months, Harrogate's appreciation rate, at 5.04%, has been at or slightly above the national average. In the latest quarter, Harrogate's appreciation rate has been 1.80%, which annualizes to a rate of 7.39%.

Relative to Tennessee, our data show that Harrogate's latest annual appreciation rate is higher than 60% of the other cities and towns in Tennessee.

Average Home Values

 

Median Home Value:
$125,434

Harrogate, TN HOME PRICES

Value Range
> $1,114,000 0.8
$835,001 - $1,114,000 0.0
$557,001 - $835,000 0.1
$445,001 - $557,000 1.6
$334,001 - $445,000 6.4
$223,001 - $334,000 6.5
$111,001 - $223,000 40.0
$55,001 - $111,000 33.9
$0 - $55,000 10.6

Average for TN
Low for Nation

Value Relative to Nation Value Relative to State
63.4127774199215 48.469387755102

Number Of Homes And Apartments:
1,517

Rent & Ownership

 

Average Market Rent:
$763 / per month

Homeownership Rate

Homeownership
Owners 69.37
Renters 30.63
Vacant 13.95

Housing Market Details

 

Age of Homes

AGE OF Harrogate HOMES
2000 or Newer 10.2
1970 - 1999 58.8
1940 - 1969 21.4
1939 or Older 9.7

Types of Homes

TYPE OF Harrogate HOMES
Single-Family 89.3
Townhomes 0.5
Small Apt. Buildings 3.7
Apt. Complexes 0.0
Mobile Homes 6.5
Other 0.0

Home Size

SIZE OF Harrogate HOMES
No Bedroom 0.00
1 Bedroom 2.04
2 Bedrooms 22.63
3 Bedrooms 62.62
4 Bedrooms 9.70
5 or more bedrooms 3.01

Harrogate Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TN*
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
45.78% 2.24% 8 5
* 10 is highest