Harrison, NJ—07029
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Harrison, NJ
As of Oct '25, the median home price in Harrison, NJ is $569,000, with a year-over-year change of 3.7%. This indicates that home prices in Harrison, NJ are increasing. According to Zillow, the 1-year price projection is 0.7%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $569,000 | 3.7% |
| Single Family | $620,000 | 4.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $482,000 | -2.0% |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Harrison, NJ
As of July '25, Rentcast reports the average rent in Harrison, NJ is $2,470, with a year-over-year rent change of -8.5%. Per bedroom, the median rent as of July '25 in Harrison, NJ is studios: $2,250, 1-bedrooms: $1,980, 2-bedrooms: $2,580, 3-bedrooms: $2,840, 4-bedrooms: $2,880. The most common rental property sizes in Harrison, NJ are 2-bedroom and 1-bedroom, accounting for 33.9% and 30.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,430 | $2,470 |
| Studio Rent | $2,220 | $2,250 |
| 1 Bed Rent | $1,700 | $1,980 |
| 2 Bed Rent | $2,500 | $2,580 |
| 3 Bed Rent | $2,800 | $2,840 |
| 4 Bed Rent | $2,750 | $2,880 |
% of Rental Stock
Property Listings — Harrison, NJ
As of Oct '25, Realtor.com reports that the median days on market for a home in Harrison, NJ is 53. This is a decrease of -10.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $471,000 | -12.0% |
Listing Count | 8 | 100.0% |
| Listings as % of Homes | 0.0% | 100.0% |
Days on Market | 53 | -10.0% |
Demographics — Harrison, NJ
As of the latest ACS Survey released in 2023, Harrison, NJ has a population of 22,100, which has increased by 17.1% over the past 5 years. Harrison, NJ is a moderately popular place for families, as children make up 18.3% of the population. The area has a highly educated workforce, with 46.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 18.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 22,100 | 17.1% |
% Under 18 | 18.3% | -15.7% |
% Seniors | 11.3% | 21.5% |
% WFH | 18.1% | 1,106.7% |
% w/ College Degree | 46.7% | 33.8% |
As of the latest ACS Survey released in 2023, Harrison, NJ is a predominantly hispanic area, with 45.7% of the population identifying as hispanic. The hispanic population has shrunk by 9.0% in the last 5 years. The second most common race or ethnicity in Harrison, NJ is white, making up 24.1% of the population. Foreign-born residents account for 55.8% of the population in Harrison, NJ, and this percentage has increased by 2.6% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 24.1% | -14.8% |
% Black | 6.3% | 75.0% |
% Hispanic | 45.7% | -9.0% |
% Asian | 20.9% | 10.6% |
% Foreign Born | 55.8% | 2.6% |
Mortgage and Risk — Harrison, NJ
According to HUD data as of 2023, there were 68 mortgage originations in Harrison, NJ, of which 88.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 24.0% above 90% LTV (very high). This implies large mortgage risk in Harrison, NJ. Investor activity is low, as 15.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 68 |
% Conventional Loans | 88.0% |
% Government Loans | 12.0% |
% Investor Loans | 15.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Harrison, NJ
As of 2024, the percent of homes in Harrison, NJ under the Section 8 program is 0.3%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Harrison, NJ, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 295 |
Total Units Section 8 | 27 |
% Rentals under Section 8 | 0.3% |
% Occupied Section 8 | 100.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $130 | $1,700 | $1,830 |
| 2 Bedroom | -$430 | $2,500 | $2,070 |
| 3 Bedroom | -$230 | $2,800 | $2,570 |
| 4 Bedroom | $120 | $2,750 | $2,870 |
Affordability — Harrison, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.2 |
| Median Home Price | $569,000 |
| Median Household Income | $80,500 |