Harlem, New York, NY—10026
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Harlem, New York, NY
As of Oct '25, the median home price in Harlem, New York, NY is $836,000, with a year-over-year change of 2.8%. This indicates that home prices in Harlem, New York, NY are increasing. According to Zillow, the 1-year price projection is 1.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $836,000 | 2.8% |
| Single Family | $1,343,000 | 2.4% |
| Condos | $813,000 | 2.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $618,000 | 0.2% |
2 Bed | $899,000 | -1.7% |
3 Bed | $1,218,000 | 2.4% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Harlem, New York, NY
As of July '25, Rentcast reports the average rent in Harlem, New York, NY is $3,910, with a year-over-year rent change of -0.3%. Per bedroom, the median rent as of July '25 in Harlem, New York, NY is studios: $4,340, 1-bedrooms: $3,400, 2-bedrooms: $4,440, 3-bedrooms: $4,440, 4-bedrooms: $3,340. The most common rental property sizes in Harlem, New York, NY are 2-bedroom and 1-bedroom, accounting for 44.0% and 25.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,800 | $3,910 |
| Studio Rent | $3,000 | $4,340 |
| 1 Bed Rent | $3,350 | $3,400 |
| 2 Bed Rent | $4,300 | $4,440 |
| 3 Bed Rent | $4,700 | $4,440 |
| 4 Bed Rent | $1,660 | $3,340 |
% of Rental Stock
Property Listings — Harlem, New York, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Harlem, New York, NY is 100. This is a decrease of -11.0% 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 11.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $984,000 | 0.0% |
Listing Count | 110 | -18.0% |
| Listings as % of Homes | 0.5% | -18.0% |
Days on Market | 100 | -11.0% |
Demographics — Harlem, New York, NY
As of the latest ACS Survey released in 2023, Harlem, New York, NY has a population of 37,100, which has decreased by -5.7% over the past 5 years. Harlem, New York, NY is a moderately popular place for families, as children make up 18.9% of the population. The area has a highly educated workforce, with 53.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 20.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 37,100 | -5.7% |
% Under 18 | 18.9% | -2.1% |
% Seniors | 10.6% | 1.9% |
% WFH | 20.0% | 263.6% |
% w/ College Degree | 53.5% | 20.5% |
As of the latest ACS Survey released in 2023, Harlem, New York, NY is a predominantly black area, with 47.8% of the population identifying as black. The black population has shrunk by 10.5% in the last 5 years. The second most common race or ethnicity in Harlem, New York, NY is white, making up 25.0% of the population. Foreign-born residents account for 27.2% of the population in Harlem, New York, NY, and this percentage has increased by 13.8% 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 | 25.0% | 26.9% |
% Black | 47.8% | -10.5% |
% Hispanic | 17.8% | -16.4% |
% Asian | 6.4% | 8.5% |
% Foreign Born | 27.2% | 13.8% |
Mortgage and Risk — Harlem, New York, NY
According to HUD data as of 2023, there were 85 mortgage originations in Harlem, New York, NY, of which 100.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 5.0% above 90% LTV (normal). This implies small mortgage risk in Harlem, New York, NY. Investor activity is low, as 5.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 85 |
% Conventional Loans | 100.0% |
% Government Loans | 0.0% |
% Investor Loans | 5.0% |
% Second Loans | 5.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — Harlem, New York, NY
As of 2024, the percent of homes in Harlem, New York, NY under the Section 8 program is 18.1%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Harlem, New York, NY, because HUD payments exceed market rent, while 1-bedroom and 2-bedroom and 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 4,060 |
Total Units Section 8 | 2,228 |
% Rentals under Section 8 | 18.1% |
% Occupied Section 8 | 90.1% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$900 | $3,350 | $2,450 |
| 2 Bedroom | -$1,590 | $4,300 | $2,710 |
| 3 Bedroom | -$1,320 | $4,700 | $3,380 |
| 4 Bedroom | $1,980 | $1,660 | $3,640 |
Affordability — Harlem, New York, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 11.4 |
| Median Home Price | $836,000 |
| Median Household Income | $74,100 |