Harlem, New York, NY—10030
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 $686,000, with a year-over-year change of 3.7%. This indicates that home prices in Harlem, New York, NY are increasing. According to Zillow, the 1-year price projection is 0.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $686,000 | 3.7% |
| Single Family | $1,349,000 | -7.0% |
| Condos | $639,000 | 5.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $525,000 | 1.0% |
2 Bed | $728,000 | -3.3% |
3 Bed | N/A | N/A |
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 $2,930, with a year-over-year rent change of -9.6%. Per bedroom, the median rent as of July '25 in Harlem, New York, NY is studios: $2,610, 1-bedrooms: $2,800, 2-bedrooms: $3,810, 3-bedrooms: $2,330, 4-bedrooms: $2,250. The most common rental property sizes in Harlem, New York, NY are 1-bedroom and 2-bedroom, accounting for 35.4% and 34.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,700 | $2,930 |
| Studio Rent | $2,410 | $2,610 |
| 1 Bed Rent | $2,700 | $2,800 |
| 2 Bed Rent | $3,600 | $3,810 |
| 3 Bed Rent | $1,200 | $2,330 |
| 4 Bed Rent | $1,330 | $2,250 |
% 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 92. This is a increase of 14.0% 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 10.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $700,000 | -12.0% |
Listing Count | 60 | 43.0% |
| Listings as % of Homes | 0.3% | 43.0% |
Days on Market | 92 | 14.0% |
Demographics — Harlem, New York, NY
As of the latest ACS Survey released in 2023, Harlem, New York, NY has a population of 30,800, which has increased by 3.0% over the past 5 years. Harlem, New York, NY is a moderately popular place for families, as children make up 19.4% of the population. The area has a moderately educated workforce, with 34.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 16.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 30,800 | 3.0% |
% Under 18 | 19.4% | 10.2% |
% Seniors | 13.3% | 19.8% |
% WFH | 16.0% | 226.5% |
% w/ College Degree | 34.9% | 15.2% |
As of the latest ACS Survey released in 2023, Harlem, New York, NY is a predominantly black area, with 58.3% of the population identifying as black. The black population has shrunk by 7.6% in the last 5 years. The second most common race or ethnicity in Harlem, New York, NY is hispanic, making up 27.2% of the population. Foreign-born residents account for 26.5% of the population in Harlem, New York, NY, and this percentage has increased by 11.8% 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 | 9.4% | -13.0% |
% Black | 58.3% | -7.6% |
% Hispanic | 27.2% | 6.2% |
% Asian | 4.9% | 133.3% |
% Foreign Born | 26.5% | 11.8% |
Mortgage and Risk — Harlem, New York, NY
According to HUD data as of 2023, there were 37 mortgage originations in Harlem, New York, NY, of which 97.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 14.0% above 90% LTV (elevated). This implies medium mortgage risk in 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 | 37 |
% Conventional Loans | 97.0% |
% Government Loans | 3.0% |
% Investor Loans | 5.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 3.0% |
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 21.1%. 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. 3-bedroom and 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 units do not.
Section 8 Market Size
Total Units under HUD | 3,843 |
Total Units Section 8 | 2,833 |
% Rentals under Section 8 | 21.1% |
% Occupied Section 8 | 87.8% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$490 | $2,700 | $2,210 |
| 2 Bedroom | -$1,120 | $3,600 | $2,480 |
| 3 Bedroom | $1,900 | $1,200 | $3,100 |
| 4 Bedroom | $2,000 | $1,330 | $3,330 |
Affordability — Harlem, New York, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 15.8 |
| Median Home Price | $686,000 |
| Median Household Income | $42,700 |