Harlem, New York, NY—10037
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 $572,000, with a year-over-year change of 5.9%. 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 | $572,000 | 5.9% |
| Single Family | N/A | N/A |
| Condos | $536,000 | 1.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $509,000 | 18.6% |
2 Bed | $631,000 | 22.3% |
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 $2,820, with a year-over-year rent change of -8.1%. Per bedroom, the median rent as of July '25 in Harlem, New York, NY is studios: $2,290, 1-bedrooms: $2,680, 2-bedrooms: $3,250. The most common rental property sizes in Harlem, New York, NY are 1-bedroom and 2-bedroom, accounting for 49.3% and 29.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,650 | $2,820 |
| Studio Rent | $2,150 | $2,290 |
| 1 Bed Rent | $2,600 | $2,680 |
| 2 Bed Rent | $3,100 | $3,250 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% 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 82. This is a increase of 11.0% 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 18.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $543,000 | 8.0% |
Listing Count | 22 | 8.0% |
| Listings as % of Homes | 0.2% | 8.0% |
Days on Market | 82 | 11.0% |
Demographics — Harlem, New York, NY
As of the latest ACS Survey released in 2023, Harlem, New York, NY has a population of 18,300, which has decreased by -13.3% over the past 5 years. Harlem, New York, NY is a moderately popular place for families, as children make up 15.9% of the population. The area has a moderately educated workforce, with 43.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 21.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 18,300 | -13.3% |
% Under 18 | 15.9% | -34.0% |
% Seniors | 19.8% | 36.6% |
% WFH | 21.7% | 334.0% |
% w/ College Degree | 43.2% | 12.5% |
As of the latest ACS Survey released in 2023, Harlem, New York, NY is a predominantly black area, with 64.0% of the population identifying as black. The black population has shrunk by 11.0% in the last 5 years. The second most common race or ethnicity in Harlem, New York, NY is hispanic, making up 20.7% of the population. Foreign-born residents account for 15.8% of the population in Harlem, New York, NY, and this percentage has decreased by 16.8% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 10.9% | 84.7% |
% Black | 64.0% | -11.0% |
% Hispanic | 20.7% | -3.3% |
% Asian | 4.2% | 68.0% |
% Foreign Born | 15.8% | -16.8% |
Mortgage and Risk — Harlem, New York, NY
According to HUD data as of 2023, there were 4 mortgage originations in Harlem, New York, NY, of which 100.0% of loans were conventional mortgages. The average loan-to-value was 78.0%, with 25.0% above 90% LTV (very high). This implies large mortgage risk in Harlem, New York, NY. Investor activity is low, as 0.0% of loans were by investors. 0.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 4 |
% Conventional Loans | 100.0% |
% Government Loans | 0.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 0.0% |
Loan Activity
Rentals and Section 8 — Harlem, New York, NY
Harlem, New York, NY lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 2,400 |
Total Units Section 8 | 1,030 |
% Rentals under Section 8 | 10.7% |
% Occupied Section 8 | 90.1% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$390 | $2,600 | $2,210 |
| 2 Bedroom | -$620 | $3,100 | $2,480 |
| 3 Bedroom | N/A | N/A | $3,100 |
| 4 Bedroom | N/A | N/A | $3,330 |
Affordability — Harlem, New York, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 11.8 |
| Median Home Price | $572,000 |
| Median Household Income | $51,200 |