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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Harlingen, TX Real Estate Market

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 Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Harlingen, TX Housing Market Trends

With a population of 71,678, 25,489 total housing units (homes and apartments), and a median house value of $138,220, house prices in Harlingen are some of the most affordable in Texas as well as the nation.

Single-family detached homes are the single most common housing type in Harlingen, accounting for 59.27% of the city's housing units. Other types of housing that are prevalent in Harlingen include large apartment complexes or high rise apartments ( 16.33%), duplexes, homes converted to apartments or other small apartment buildings ( 10.75%), and a few mobile homes or trailers ( 10.44%).

The most prevalent building size and type in Harlingen are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 56.00% owning and 44.00% renting.

There is a lot of housing in Harlingen 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 Harlingen built between 2000 and later ( 26.18%). A lesser amount of the housing stock also hails from between 1940-1969 ( 20.98%). There's also some housing in Harlingen built before 1939 ( 2.90%).

Vacant housing appears to be an issue in Harlingen. Fully 12.77% of the housing stock is classified as vacant. Left unchecked, vacant Harlingen homes and apartments can be a drag on the real estate market, holding Harlingen 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.

Harlingen Home Appreciation Rates

Real estate appreciation rates in Harlingen's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.13% during the period.

Appreciation rates are so strong in Harlingen that despite a nationwide downturn in the housing market, Harlingen real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Harlingen appreciation rates continue to be some of the highest in America, at 9.49%, which is higher than appreciation rates in 93.97% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Harlingen. Harlingen appreciation rates in the latest quarter were at 7.19%, which equates to an annual appreciation rate of 32.00%.

Importantly, NeighborhoodScout’s exclusive research found that Harlingen'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 Harlingen's latest annual appreciation rate is higher than 90% of the other cities and towns in Texas.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Harlingen differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Harlingen - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Harlingen real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$138,220

Harlingen, TX Home Prices
> $1,400,000
$1,050,001 - $1,400,000
$700,001 - $1,050,000
$560,001 - $700,000
$420,001 - $560,000
$280,001 - $420,000
$140,001 - $280,000
$70,001 - $140,000
$0 - $70,000
0.3%
0.3%
0.0%
0.0%
0.9%
0.9%
0.9%
0.9%
3.4%
3.4%
10.6%
10.6%
36.1%
36.1%
31.5%
31.5%
16.3%
16.3%
0% 100.0%
% of Homes
Very Low

for Texas

Very Low

for nation

Number of Homes And Apartments:

25,489

Harlingen Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,360 / per month

Homeownership Rate

Owners
Renters
56.0%
56.0%
44.0%
44.0%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
12.8%
12.8%
87.2%
87.2%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
26.2%
26.2%
49.9%
49.9%
21.0%
21.0%
2.9%
2.9%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
59.3%
59.3%
3.1%
3.1%
10.7%
10.7%
16.3%
16.3%
10.4%
10.4%
0.2%
0.2%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
4.4%
4.4%
12.3%
12.3%
32.3%
32.3%
38.3%
38.3%
11.2%
11.2%
1.5%
1.5%
0% 100.0%
% of Homes