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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 2,209 people, 970 houses or apartments, and a median cost of homes of $133,731, house prices in Harrisburg are solidly below the national average.
Single-family detached homes are the single most common housing type in Harrisburg, accounting for 74.76% of the city's housing units. Other types of housing that are prevalent in Harrisburg include duplexes, homes converted to apartments or other small apartment buildings ( 15.14%), mobile homes or trailers ( 4.95%), and a few large apartment complexes or high rise apartments ( 4.00%).
The most prevalent building size and type in Harrisburg are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 50.92% owning and 49.08% renting.
There is a lot of housing in Harrisburg 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 Harrisburg built between 1940-1969 ( 19.90%). A lesser amount of the housing stock also hails from between 2000 and later ( 19.81%). There's also some housing in Harrisburg built before 1939 ( 5.52%).
Real estate appreciation rates in Harrisburg's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.90% during the period.
Over the last year, Harrisburg appreciation rates have trailed the rest of the nation. In the last twelve months, Harrisburg's appreciation rate has been 2.20%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Harrisburg were at 2.36%, which equates to an annual appreciation rate of 9.80%.
Importantly, this makes Harrisburg one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
Relative to Arkansas, our data show that Harrisburg's latest annual appreciation rate is lower than 90% of the other cities and towns in Arkansas.
$133,731
for Arkansas
for nation
970
$1,278 / per month