Harker Heights, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Harker Heights Neighborhoods Since 2000




Harker Heights, TX 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

Harker Heights Housing Market Information

With 29,142 people, 9,119 houses or apartments, and a median cost of homes of $169,787, 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 64.62% of the city's housing units. Other types of housing that are prevalent in Harker Heights include duplexes, homes converted to apartments or other small apartment buildings ( 14.59%), mobile homes or trailers ( 13.17%), and a few large apartment complexes or high rise apartments ( 4.86%).

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 63.22% owning and 36.78% 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 ( 37.95%). A lesser amount of the housing stock also hails from between 1940-1969 ( 8.36%).

Vacant housing appears to be an issue in Harker Heights. Fully 15.05% 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

Real estate appreciation rates in Harker Heights's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.09% during the period.

Over the last year, Harker Heights appreciation rates have trailed the rest of the nation. In the last twelve months, Harker Heights's appreciation rate has been -1.64%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Harker Heights were at 2.95%, which equates to an annual appreciation rate of 12.32%.

Importantly, NeighborhoodScout’s exclusive research found that Harker Heights's housing market shows one of the <a href="/blog/highest-appreciating-cities">top real estate appreciation rates in the U.S.A.</a> in the latest quarter, which may signal the city’s near-future real estate investment strength.

Relative to Texas, our data show that Harker Heights's latest annual appreciation rate is lower than 90% of the other cities and towns in Texas.

Average Home Values

 

Median Home Value:
$169,787

Harker Heights, TX HOME PRICES

Value Range
> $1,018,000 0.1
$763,001 - $1,018,000 0.0
$509,001 - $763,000 0.6
$407,001 - $509,000 1.6
$305,001 - $407,000 5.8
$204,001 - $305,000 26.5
$102,001 - $204,000 43.9
$51,001 - $102,000 11.4
$0 - $51,000 10.2

High for TX
Average for Nation

Value Relative to Nation Value Relative to State
41.7262393062229 25.1945525291829

Number Of Homes And Apartments:
9,119

Harker Heights Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TX*
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
26.73% 1.38% 1 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$895 / per month

Homeownership Rate

Homeownership
Owners 63.22
Renters 36.78
Vacant 15.05

Housing Market Details

 

Age of Homes

AGE OF Harker Heights HOMES
2000 or Newer 38.0
1970 - 1999 53.5
1940 - 1969 8.4
1939 or Older 0.2

Types of Homes

TYPE OF Harker Heights HOMES
Single-Family 64.6
Townhomes 2.8
Small Apt. Buildings 14.6
Apt. Complexes 4.9
Mobile Homes 13.2
Other 0.0

Home Size

SIZE OF Harker Heights HOMES
No Bedroom 0.67
1 Bedroom 3.65
2 Bedrooms 21.62
3 Bedrooms 42.77
4 Bedrooms 27.25
5 or more bedrooms 4.04