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 7,982 people, 3,579 houses or apartments, and a median cost of homes of $132,232, house prices in Harrisburg are some of the most affordable in Illinois as well as the nation.
Single-family detached homes are the single most common housing type in Harrisburg, accounting for 69.66% of the city's housing units. Other types of housing that are prevalent in Harrisburg include large apartment complexes or high rise apartments ( 14.98%), mobile homes or trailers ( 7.39%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 7.37%).
People in Harrisburg primarily live in small (one, two or no bedroom) single-family detached homes. Harrisburg has a mixture of owner-occupied and renter-occupied housing.
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. Harrisburg's housing was primarily built during this period, from the '40s through the '60s. A full 37.58% of the city's housing hails from this era. Other housing ages represented in Harrisburg include homes built between 1970-1999 ( 27.97%) and housing constructed before 1939 ( 19.27%). There's also some housing in Harrisburg built between 2000 and later ( 15.18%).
Vacant housing appears to be an issue in Harrisburg. Fully 11.80% of the housing stock is classified as vacant. Left unchecked, vacant Harrisburg homes and apartments can be a drag on the real estate market, holding Harrisburg 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.
Harrisburg's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Harrisburg during the period has been just 4.89%, which is lower than 80% of US communities.
Appreciation rates are so strong in Harrisburg that despite a nationwide downturn in the housing market, Harrisburg real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Harrisburg appreciation rates continue to be some of the highest in America, at 13.48%, which is higher than appreciation rates in 96.10% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Harrisburg. Harrisburg appreciation rates in the latest quarter were at 1.42%, which equates to an annual appreciation rate of 5.82%.
Relative to Illinois, our data show that Harrisburg's latest annual appreciation rate is higher than 90% of the other cities and towns in Illinois.
$132,232
for Illinois
for nation
3,579
$986 / per month