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 3,934, 1,718 total housing units (homes and apartments), and a median house value of $360,140, Harrington real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Harrington, accounting for 72.95% of the city's housing units. Other types of housing that are prevalent in Harrington include large apartment complexes or high rise apartments ( 19.66%), duplexes, homes converted to apartments or other small apartment buildings ( 6.14%), and a few row houses and other attached homes ( 1.25%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Harrington. Owner-occupied housing accounts for 65.19% of Harrington's homes, and 63.13% have either three or four bedrooms, which is average sized relative to America.
The housing in Harrington was primarily built before 1939 ( 29.32%), making the housing stock in Harrington some of the oldest overall in America, although there is a range of ages of homes in Harrington. The next most important housing age is between 1970-1999 ( 25.34%), followed by between 1940-1969 ( 23.75%). There's also some housing in Harrington built between 2000 and later ( 21.59%).
Real estate appreciation rates in Harrington's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.09% during the period.
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 10.10%, which is higher than appreciation rates in 99.71% 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 8.80%, which equates to an annual appreciation rate of 40.12%.
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 80% of the other cities and towns in Delaware.
$360,140
for Delaware
for nation
1,718
$1,778 / per month