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 4,419 people, 1,590 houses or apartments, and a median cost of homes of $231,150, house prices in Harrogate are solidly below the national average.
Single-family detached homes are the single most common housing type in Harrogate, accounting for 84.98% of the city's housing units. Other types of housing that are prevalent in Harrogate include mobile homes or trailers ( 7.59%), duplexes, homes converted to apartments or other small apartment buildings ( 4.12%), and a few row houses and other attached homes ( 2.82%).
The most prevalent building size and type in Harrogate are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 60.45% owning and 39.55% renting.
There is a lot of housing in Harrogate 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 Harrogate built before 1939 ( 12.91%). A lesser amount of the housing stock also hails from between 2000 and later ( 12.58%). There's also some housing in Harrogate built between 1940-1969 ( 11.55%).
Vacant housing appears to be an issue in Harrogate. Fully 13.77% of the housing stock is classified as vacant. Left unchecked, vacant Harrogate homes and apartments can be a drag on the real estate market, holding Harrogate 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.
In the last 10 years, Harrogate has experienced some of the highest home appreciation rates of any community in the nation. Harrogate real estate appreciated 131.87% over the last ten years, which is an average annual home appreciation rate of 8.77%, putting Harrogate in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Harrogate definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
NeighborhoodScout's data show that during the latest twelve months, Harrogate's appreciation rate, at 5.96%, has been at or slightly above the national average. In the latest quarter, Harrogate's appreciation rate has been 2.75%, which annualizes to a rate of 11.45%.
Relative to Tennessee, our data show that Harrogate's latest annual appreciation rate is lower than 50% of the other cities and towns in Tennessee.
$231,150
for Tennessee
for nation
1,590
$1,962 / per month