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 a population of 3,821, 1,458 total housing units (homes and apartments), and a median house value of $311,505, Harrington 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 Harrington, accounting for 71.85% of the city's housing units. Other types of housing that are prevalent in Harrington include large apartment complexes or high rise apartments ( 23.95%), duplexes, homes converted to apartments or other small apartment buildings ( 2.74%).
The most prevalent building size and type in Harrington are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 57.00% owning and 43.00% renting.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Harrington's housing was primarily built during this period, from the '40s through the '60s. A full 31.02% of the city's housing hails from this era. Other housing ages represented in Harrington include homes built between 1970-1999 ( 28.29%) and housing constructed before 1939 ( 20.48%). There's also some housing in Harrington built between 2000 and later ( 20.21%).
Appreciation rates for homes in Harrington have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 99.26%, which ranks in the top 40% nationwide. This equates to an annual average Harrington house appreciation rate of 7.14%.
Appreciation rates are so strong in Harrington that despite a nationwide downturn in the housing market, Harrington real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Harrington appreciation rates continue to be some of the highest in America, at 14.72%, which is higher than appreciation rates in 97.30% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Harrington. Harrington appreciation rates in the latest quarter were at 6.48%, which equates to an annual appreciation rate of 28.54%.
Importantly, this makes Harrington 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 Delaware, our data show that Harrington's latest annual appreciation rate is higher than 90% of the other cities and towns in Delaware.
$311,505
for Delaware
for nation
1,458
$1,852 / per month