Harlem, New York, NY—10039
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 $621,000, with a year-over-year change of -1.0%. This indicates that home prices in Harlem, New York, NY are flat. According to Zillow, the 1-year price projection is 1.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $621,000 | -1.0% |
| Single Family | N/A | N/A |
| Condos | $606,000 | -4.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
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 $3,500, with a year-over-year rent change of 1.2%. Per bedroom, the median rent as of July '25 in Harlem, New York, NY is studios: $3,100, 1-bedrooms: $2,950, 2-bedrooms: $4,000, 3-bedrooms: $3,580. The most common rental property sizes in Harlem, New York, NY are 2-bedroom and 1-bedroom, accounting for 44.8% and 29.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,400 | $3,500 |
| Studio Rent | $3,100 | $3,100 |
| 1 Bed Rent | $3,250 | $2,950 |
| 2 Bed Rent | $4,000 | $4,000 |
| 3 Bed Rent | $3,200 | $3,580 |
| 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 94. This is a increase of 25.0% 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 5.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $599,000 | -8.0% |
Listing Count | 42 | 76.0% |
| Listings as % of Homes | 0.2% | 76.0% |
Days on Market | 94 | 25.0% |
Demographics — Harlem, New York, NY
As of the latest ACS Survey released in 2023, Harlem, New York, NY has a population of 30,500, which has increased by 10.0% over the past 5 years. Harlem, New York, NY is a moderately popular place for families, as children make up 21.3% of the population. The area has a moderately educated workforce, with 27.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 30,500 | 10.0% |
% Under 18 | 21.3% | -14.5% |
% Seniors | 11.5% | 22.3% |
% WFH | 8.8% | 120.0% |
% w/ College Degree | 27.2% | -10.5% |
As of the latest ACS Survey released in 2023, Harlem, New York, NY is a predominantly black area, with 54.9% of the population identifying as black. The black population has shrunk by 11.3% in the last 5 years. The second most common race or ethnicity in Harlem, New York, NY is hispanic, making up 32.7% of the population. Foreign-born residents account for 23.4% of the population in Harlem, New York, NY, and this percentage has decreased by 8.6% 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 | 7.0% | 2.9% |
% Black | 54.9% | -11.3% |
% Hispanic | 32.7% | -3.3% |
% Asian | 1.5% | -6.2% |
% Foreign Born | 23.4% | -8.6% |
Mortgage and Risk — Harlem, New York, NY
According to HUD data as of 2023, there were 21 mortgage originations in Harlem, New York, NY, of which 100.0% of loans were conventional mortgages. The average loan-to-value was 71.0%, with 5.0% above 90% LTV (normal). This implies small mortgage risk in Harlem, New York, NY. Investor activity is low, as 0.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 21 |
% Conventional Loans | 100.0% |
% Government Loans | 0.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 10.0% |
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 | 4,116 |
Total Units Section 8 | 1,380 |
% Rentals under Section 8 | 12.8% |
% Occupied Section 8 | 86.8% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$1,040 | $3,250 | $2,210 |
| 2 Bedroom | -$1,520 | $4,000 | $2,480 |
| 3 Bedroom | -$100 | $3,200 | $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 | 14.5 |
| Median Home Price | $621,000 |
| Median Household Income | $48,800 |