Harrogate, TN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Harrogate Neighborhoods Since 2000




Harrogate, TN 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

Harrogate Housing Market Information

With a population of 4,388, 1,463 total housing units (homes and apartments), and a median house value of $136,362, 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 86.87% of the city's housing units. Other types of housing that are prevalent in Harrogate include duplexes, homes converted to apartments or other small apartment buildings ( 6.80%), mobile homes or trailers ( 6.32%).

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 69.68% of Harrogate's homes, and 67.72% 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 ( 22.55%). A lesser amount of the housing stock also hails from between 2000 and later ( 9.90%). There's also some housing in Harrogate built before 1939 ( 5.01%).

Vacant housing appears to be an issue in Harrogate. Fully 12.71% 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 9.68%, which ranks in the top 30% nationwide. This equates to an annual average Harrogate house appreciation rate of 0.93%.

NeighborhoodScout's data show that during the latest twelve months, Harrogate's appreciation rate, at 3.23%, has been at or slightly above the national average. In the latest quarter, Harrogate's appreciation rate has been 0.00%, which annualizes to a rate of 0.00%.

Relative to Tennessee, our data show that Harrogate's latest annual appreciation rate is lower than 50% of the other cities and towns in Tennessee.

Average Home Values

 

Median Home Value:
$136,362

Harrogate, TN HOME PRICES

Value Range
> $1,111,000 0.6
$833,001 - $1,111,000 0.0
$555,001 - $833,000 0.1
$444,001 - $555,000 1.7
$333,001 - $444,000 5.8
$222,001 - $333,000 7.4
$111,001 - $222,000 45.1
$55,001 - $111,000 32.5
$0 - $55,000 6.8

High for TN
Average for Nation

Value Relative to Nation Value Relative to State
56.5627563576702 38.265306122449

Number Of Homes And Apartments:
1,463

Harrogate Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TN*
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
42.82% 2.09% 7 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$742 / per month

Homeownership Rate

Homeownership
Owners 69.68
Renters 30.32
Vacant 12.71

Housing Market Details

 

Age of Homes

AGE OF Harrogate HOMES
2000 or Newer 9.9
1970 - 1999 62.5
1940 - 1969 22.6
1939 or Older 5.0

Types of Homes

TYPE OF Harrogate HOMES
Single-Family 86.9
Townhomes 0.0
Small Apt. Buildings 6.8
Apt. Complexes 0.0
Mobile Homes 6.3
Other 0.0

Home Size

SIZE OF Harrogate HOMES
No Bedroom 0.00
1 Bedroom 2.74
2 Bedrooms 25.12
3 Bedrooms 59.49
4 Bedrooms 8.23
5 or more bedrooms 4.42