Harker Heights, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Harker Heights Neighborhoods Since 2000




Harker Heights, TX Real Estate Data


Harker Heights Housing Market Information

With 29,142 people, 8,901 houses or apartments, and a median cost of homes of $171,859, Harker Heights real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Harker Heights, accounting for 64.58% of the city's housing units. Other types of housing that are prevalent in Harker Heights include mobile homes or trailers ( 14.52%), duplexes, homes converted to apartments or other small apartment buildings ( 14.37%), and a few large apartment complexes or high rise apartments ( 4.09%).

The most prevalent building size and type in Harker Heights are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 60.52% owning and 39.48% renting.

There is a lot of housing in Harker Heights 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 Harker Heights built between 2000 and later ( 37.43%). A lesser amount of the housing stock also hails from between 1940-1969 ( 7.09%).

Vacant housing appears to be an issue in Harker Heights. Fully 16.12% of the housing stock is classified as vacant. Left unchecked, vacant Harker Heights homes and apartments can be a drag on the real estate market, holding Harker Heights 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.

Harker Heights Home Appreciation Rates

Appreciation rates for homes in Harker Heights have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 9.15%, which ranks in the top 40% nationwide. This equates to an annual average Harker Heights house appreciation rate of 0.88%.

Appreciation rates are so strong in Harker Heights that despite a nationwide downturn in the housing market, Harker Heights real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Harker Heights appreciation rates continue to be some of the highest in America, at 7.31%, which is higher than appreciation rates in 87.11% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Harker Heights. Harker Heights appreciation rates in the latest quarter were at -0.37%, which equates to an annual appreciation rate of -1.46%.

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

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

Average Home Values

 

Median Home Value:
$171,859

Harker Heights, TX HOME PRICES

Value Range
> $1,053,000 0.1
$790,001 - $1,053,000 0.0
$526,001 - $790,000 0.5
$421,001 - $526,000 1.2
$316,001 - $421,000 6.3
$211,001 - $316,000 21.9
$105,001 - $211,000 48.1
$53,001 - $105,000 12.3
$0 - $53,000 9.5

High for TX
Average for Nation

Value Relative to Nation Value Relative to State
42.0507114832816 25.5339805825243

Number Of Homes And Apartments:
8,901

Rent & Ownership

 

Average Market Rent:
$1,209 / per month

Homeownership Rate

Homeownership
Owners 60.52
Renters 39.48
Vacant 16.12

Housing Market Details

 

Age of Homes

AGE OF Harker Heights HOMES
2000 or Newer 37.4
1970 - 1999 55.3
1940 - 1969 7.1
1939 or Older 0.2

Types of Homes

TYPE OF Harker Heights HOMES
Single-Family 64.6
Townhomes 2.4
Small Apt. Buildings 14.4
Apt. Complexes 4.1
Mobile Homes 14.5
Other 0.0

Home Size

SIZE OF Harker Heights HOMES
No Bedroom 0.45
1 Bedroom 3.33
2 Bedrooms 21.95
3 Bedrooms 43.30
4 Bedrooms 27.09
5 or more bedrooms 3.87

Harker Heights Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TX*
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
33.07% 1.70% 1 4
* 10 is highest