Harlem, New York, NY10027

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$816,000
0.7% YoY Growth
Median Household Income
$64,200
39.3% 5-Year Growth
Days on Market
72
9.0% Longer than last year
Home Price Forecast
0.0%
Median Rent
$3,650
5.9% YoY Growth
1-Bed Rent
$3,350
10.9% YoY Growth
2-Bed Rent
$4,200
15.9% YoY Growth
3-Bed Rent
$4,500
10.9% YoY Growth

Other Zip Codes in Harlem, New York, NY

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 72. This is a increase of 9.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 8.0%, representing a small inventory and little supply pressure on home prices.

MetricZip Code AverageYear over Year % Change
Median Listing Price
$961,0004.0%
Listing Count
144-22.0%
Listings as % of Homes0.5%-22.0%
Days on Market
729.0%
Loading chart...

Demographics — Harlem, New York, NY

As of the latest ACS Survey released in 2023, Harlem, New York, NY has a population of 65,100, which has remained stable by 0.8% over the past 5 years. Harlem, New York, NY is a moderately popular place for families, as children make up 17.9% of the population. The area has a highly educated workforce, with 51.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 22.6% reporting working from home.

MetricLatest CensusYoY % Change
Population
65,1000.8%
% Under 18
17.9%2.9%
% Seniors
11.2%9.8%
% WFH
22.6%232.4%
% w/ College Degree
51.8%8.1%
Loading chart...

As of the latest ACS Survey released in 2023, Harlem, New York, NY is a predominantly black area, with 36.1% of the population identifying as black. The black population has shrunk by 8.6% in the last 5 years. The second most common race or ethnicity in Harlem, New York, NY is white, making up 27.1% of the population. Foreign-born residents account for 25.5% of the population in Harlem, New York, NY, and this percentage has decreased by 1.9% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

Race and Ethnicity

MetricLatest Census5-Year % Change
% White
27.1%8.0%
% Black
36.1%-8.6%
% Hispanic
23.8%-6.3%
% Asian
10.2%7.4%
% Foreign Born
25.5%-1.9%
Loading chart...

Mortgage and Risk — Harlem, New York, NY

According to HUD data as of 2023, there were 139 mortgage originations in Harlem, New York, NY, of which 99.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 4.0% above 90% LTV (normal). This implies small mortgage risk in Harlem, New York, NY. Investor activity is low, as 1.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

MetricZip Code Average
Total Loan Originations
139
% Conventional Loans
99.0%
% Government Loans
1.0%
% Investor Loans
1.0%
% Second Loans
4.0%
% Cash Out Refinance
6.0%

Loan Activity

Loading chart...
Loading chart...

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 8.4%. 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. In Harlem, New York, NY, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.

Section 8 Market Size

Total Units under HUD
5,312
Total Units Section 8
1,793
% Rentals under Section 8
8.4%
% Occupied Section 8
87.2%

Section 8 Opportunity

Home SizeHUD PremiumMarket RentMax HUD Rent
1 Bedroom-$1,140$3,350$2,210
2 Bedroom-$1,720$4,200$2,480
3 Bedroom-$1,400$4,500$3,100
4 Bedroom-$770$4,100$3,330

Affordability — Harlem, New York, NY

Home Price to Income Ratio

MetricZip Code Average
Home Price to Income Ratio14.3
Median Home Price$816,000
Median Household Income$64,200

Harlem, New York, NY — ZIP Code Boundary Map

Loading map...

Frequently Asked Questions