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 29,369, 8,242 total housing units (homes and apartments), and a median house value of $1,071,081, Harrison house prices are not only among the most expensive in New York, Harrison real estate also is some of the most expensive in all of America.
Single-family detached homes are the single most common housing type in Harrison, accounting for 53.76% of the village's housing units. Other types of housing that are prevalent in Harrison include duplexes, homes converted to apartments or other small apartment buildings ( 29.04%), large apartment complexes or high rise apartments ( 10.95%), and a few row houses and other attached homes ( 6.25%).
The most prevalent building size and type in Harrison are three and four bedroom dwellings, chiefly found in single-family detached homes. The village has a mixture of owners and renters, with 58.91% owning and 41.09% 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. Harrison's housing was primarily built during this period, from the '40s through the '60s. A full 40.54% of the village's housing hails from this era. Other housing ages represented in Harrison include homes built between 1970-1999 ( 27.72%) and housing constructed before 1939 ( 21.39%). There's also some housing in Harrison built between 2000 and later ( 10.36%).
Real estate appreciation rates in Harrison's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.91% during the period.
Appreciation rates are so strong in Harrison that despite a nationwide downturn in the housing market, Harrison real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Harrison appreciation rates continue to be some of the highest in America, at 9.83%, which is higher than appreciation rates in 86.52% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Harrison. Harrison appreciation rates in the latest quarter were at 2.82%, which equates to an annual appreciation rate of 11.77%.
Relative to New York, our data show that Harrison's latest annual appreciation rate is higher than 80% of the other cities and towns in New York.
One very important thing to keep in mind is that these are average appreciation rates for the village. Individual neighborhoods within Harrison differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Harrison - 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 Harrison real estate investment or home purchase decisions.
$1,071,081
for New york
for nation
8,242
$5,172 / per month