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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Harrison, TN Real Estate Market

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2023 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Harrison, TN Housing Market Trends

With 7,902 people, 3,485 houses or apartments, and a median cost of homes of $402,995, Harrison real estate is some of the most expensive in Tennessee, although Harrison home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Harrison, accounting for 85.46% of the town's housing units. Other types of housing that are prevalent in Harrison include duplexes, homes converted to apartments or other small apartment buildings ( 5.64%), large apartment complexes or high rise apartments ( 5.14%), and a few row houses and other attached homes ( 3.23%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Harrison. Owner-occupied housing accounts for 74.34% of Harrison's homes, and 71.00% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Harrison 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 Harrison built between 1940-1969 ( 21.31%). A lesser amount of the housing stock also hails from between 2000 and later ( 16.65%).

Harrison Home Appreciation Rates

In the last 10 years, Harrison has experienced some of the highest home appreciation rates of any community in the nation. Harrison real estate appreciated 140.96% over the last ten years, which is an average annual home appreciation rate of 9.19%, putting Harrison in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Harrison definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, Harrison appreciation rates have trailed the rest of the nation. In the last twelve months, Harrison's appreciation rate has been 6.55%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Harrison were at -0.73%, which equates to an annual appreciation rate of -2.89%.

Notably, Harrison's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Tennessee, our data show that Harrison's latest annual appreciation rate is higher than 70% of the other cities and towns in Tennessee.

Average Home Values

Median Home Value

$402,995

Harrison, TN Home Prices
> $1,444,000
$1,083,001 - $1,444,000
$722,001 - $1,083,000
$577,001 - $722,000
$433,001 - $577,000
$289,001 - $433,000
$144,001 - $289,000
$72,001 - $144,000
$0 - $72,000
1.3%
1.3%
1.2%
1.2%
10.7%
10.7%
11.4%
11.4%
13.2%
13.2%
36.1%
36.1%
22.4%
22.4%
2.0%
2.0%
1.6%
1.6%
0% 100.0%
% of Homes
Very High

for Tennessee

High

for nation

Number of Homes And Apartments:

3,485

Harrison Appreciation Rates

Rent & Ownership

Average Market Rent:

$2,086 / per month

Homeownership Rate

Owners
Renters
74.3%
74.3%
25.7%
25.7%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
2.2%
2.2%
97.8%
97.8%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
16.6%
16.6%
62.0%
62.0%
21.3%
21.3%
0.0%
0.0%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
85.5%
85.5%
3.2%
3.2%
5.6%
5.6%
5.1%
5.1%
0.5%
0.5%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.2%
1.2%
4.1%
4.1%
14.0%
14.0%
44.1%
44.1%
26.9%
26.9%
9.7%
9.7%
0% 100.0%
% of Homes