East Harlem, New York, NY—10029
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in East Harlem, New York, NY
Home Price Trends — East Harlem, New York, NY
As of Oct '25, the median home price in East Harlem, New York, NY is $736,000, with a year-over-year change of -1.7%. This indicates that home prices in East Harlem, New York, NY are decreasing. According to Zillow, the 1-year price projection is 0.4%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $736,000 | -1.7% |
| Single Family | $1,286,000 | 0.5% |
| Condos | $678,000 | -2.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $557,000 | -1.6% |
2 Bed | $784,000 | -1.8% |
3 Bed | $1,588,000 | -1.5% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — East Harlem, New York, NY
As of July '25, Rentcast reports the average rent in East Harlem, New York, NY is $3,760, with a year-over-year rent change of 5.0%. Per bedroom, the median rent as of July '25 in East Harlem, New York, NY is studios: $3,080, 1-bedrooms: $3,410, 2-bedrooms: $3,920, 3-bedrooms: $4,930, 4-bedrooms: $4,850. The most common rental property sizes in East Harlem, New York, NY are 2-bedroom and 1-bedroom, accounting for 44.2% and 27.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,500 | $3,760 |
| Studio Rent | $2,950 | $3,080 |
| 1 Bed Rent | $3,300 | $3,410 |
| 2 Bed Rent | $3,500 | $3,920 |
| 3 Bed Rent | $4,200 | $4,930 |
| 4 Bed Rent | $5,300 | $4,850 |
% of Rental Stock
Property Listings — East Harlem, New York, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in East Harlem, New York, NY is 71. This is a increase of 29.0% 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 14.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $798,000 | -3.0% |
Listing Count | 71 | -4.0% |
| Listings as % of Homes | 0.2% | -4.0% |
Days on Market | 71 | 29.0% |
Demographics — East Harlem, New York, NY
As of the latest ACS Survey released in 2023, East Harlem, New York, NY has a population of 74,800, which has decreased by -6.0% over the past 5 years. East Harlem, New York, NY is a moderately popular place for families, as children make up 18.8% of the population. The area has a moderately educated workforce, with 35.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 74,800 | -6.0% |
% Under 18 | 18.8% | -6.5% |
% Seniors | 16.9% | 26.1% |
% WFH | 13.9% | 231.0% |
% w/ College Degree | 35.7% | 12.6% |
As of the latest ACS Survey released in 2023, East Harlem, New York, NY is a predominantly hispanic area, with 42.0% of the population identifying as hispanic. The hispanic population has shrunk by 12.3% in the last 5 years. The second most common race or ethnicity in East Harlem, New York, NY is black, making up 31.6% of the population. Foreign-born residents account for 26.1% of the population in East Harlem, New York, NY, and this percentage has increased by 11.5% 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 | 14.0% | -9.7% |
% Black | 31.6% | 1.9% |
% Hispanic | 42.0% | -12.3% |
% Asian | 11.9% | 25.3% |
% Foreign Born | 26.1% | 11.5% |
Mortgage and Risk — East Harlem, New York, NY
According to HUD data as of 2023, there were 105 mortgage originations in East Harlem, New York, NY, of which 100.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 8.0% above 90% LTV (normal). This implies small mortgage risk in East Harlem, New York, NY. Investor activity is low, as 5.0% of loans were by investors. 3.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 105 |
% Conventional Loans | 100.0% |
% Government Loans | 0.0% |
% Investor Loans | 5.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 3.0% |
Loan Activity
Rentals and Section 8 — East Harlem, New York, NY
As of 2024, the percent of homes in East Harlem, New York, NY under the Section 8 program is 13.3%. 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. In East 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 | 15,418 |
Total Units Section 8 | 4,113 |
% Rentals under Section 8 | 13.3% |
% Occupied Section 8 | 87.8% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$1,090 | $3,300 | $2,210 |
| 2 Bedroom | -$1,020 | $3,500 | $2,480 |
| 3 Bedroom | -$1,100 | $4,200 | $3,100 |
| 4 Bedroom | -$1,970 | $5,300 | $3,330 |
Affordability — East Harlem, New York, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 22.3 |
| Median Home Price | $736,000 |
| Median Household Income | $38,300 |