Harlem, New York, NY10030

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$686,000
3.7% YoY Growth
Median Household Income
$42,700
14.8% 5-Year Growth
Days on Market
92
14.0% Longer than last year
Home Price Forecast
0.0%
Median Rent
$2,700
9.6% YoY Growth
1-Bed Rent
$2,700
4.5% YoY Growth
2-Bed Rent
$3,600
22.9% YoY Growth
3-Bed Rent
$1,200
38.5% 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 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.

MetricZip Code AverageYear over Year % Change
Median Listing Price
$700,000-12.0%
Listing Count
6043.0%
Listings as % of Homes0.3%43.0%
Days on Market
9214.0%
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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.

MetricLatest CensusYoY % Change
Population
30,8003.0%
% Under 18
19.4%10.2%
% Seniors
13.3%19.8%
% WFH
16.0%226.5%
% w/ College Degree
34.9%15.2%
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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

MetricLatest Census5-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%
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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

MetricZip 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

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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 SizeHUD PremiumMarket RentMax 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

MetricZip Code Average
Home Price to Income Ratio15.8
Median Home Price$686,000
Median Household Income$42,700

Harlem, New York, NY — ZIP Code Boundary Map

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Frequently Asked Questions