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  1. Home
  2. /Browse ZIP Codes
  3. /New Jersey
  4. /Harrison, NJ - 07029

Harrison, NJ—07029

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$584,000
1.3% YoY Growth
Household Income
$80,500
23.1% YoY Growth
Days on Market
72
33.0% Longer YoY
Home Price Forecast
2.0%
Median Rent
$2,430
8.5% YoY Growth
1-Bed Rent
$1,700
17.5% YoY Growth
2-Bed Rent
$2,500
11.0% YoY Growth
3-Bed Rent
$2,800
0.7% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Harrison, NJ

As of May '26, the median home price in Harrison, NJ is $584,000, with a year-over-year change of 1.3%. This indicates that home prices in Harrison, NJ are increasing. According to Zillow, the 1-year price projection is 2.0%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$584,0001.3%
Single Family $640,0001.7%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$492,000-3.7%
    3 Bed
    		N/AN/A
    4 Bed
    		N/AN/A
    5 Bed N/AN/A
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    % of Housing Stock

    Studio
    11.3%
    1 Bedroom
    27.3%
    2 Bedrooms
    34.8%
    3 Bedrooms
    22.7%
    4 Bedrooms
    2.1%
    5+ Bedrooms
    1.7%

    Rental Trends — Harrison, NJ

    As of July '25, Rentcast reports the average rent in Harrison, NJ is $2,470, with a year-over-year rent change of -8.5%. Per bedroom, the median rent as of July '25 in Harrison, NJ is studios: $2,250, 1-bedrooms: $1,980, 2-bedrooms: $2,580, 3-bedrooms: $2,840, 4-bedrooms: $2,880. The most common rental property sizes in Harrison, NJ are 2-bedroom and 1-bedroom, accounting for 33.9% and 30.5% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$2,430$2,470
    Studio Rent $2,220$2,250
    1 Bed Rent $1,700$1,980
    2 Bed Rent $2,500$2,580
    3 Bed Rent $2,800$2,840
    4 Bed Rent $2,750$2,880
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    % of Rental Stock

    Studio
    13.4%
    1 Bedroom
    30.5%
    2 Bedrooms
    33.9%
    3 Bedrooms
    20.3%
    4 Bedrooms
    1.1%
    5+ Bedrooms
    0.8%

    Property Listings — Harrison, NJ

    As of May '26, Realtor.com reports that the median days on market for a home in Harrison, NJ is 72. This is a increase of 33.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$405,000-19.0%
    Listing Count
    		1254.0%
    Listings as % of Homes0.0%54.0%
    Days on Market
    		7233.0%
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    Demographics — Harrison, NJ

    As of the latest ACS Survey released in 2023, Harrison, NJ has a population of 22,100, which has increased by 17.1% over the past 5 years. Harrison, NJ is a moderately popular place for families, as children make up 18.3% of the population. The area has a highly educated workforce, with 46.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 18.1% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		22,10017.1%
    % Under 18
    		18.3%-15.7%
    % Seniors
    		11.3%21.5%
    % WFH
    		18.1%1,106.7%
    % w/ College Degree
    		46.7%33.8%
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    As of the latest ACS Survey released in 2023, Harrison, NJ is a predominantly hispanic area, with 45.7% of the population identifying as hispanic. The hispanic population has shrunk by 9.0% in the last 5 years. The second most common race or ethnicity in Harrison, NJ is white, making up 24.1% of the population. Foreign-born residents account for 55.8% of the population in Harrison, NJ, and this percentage has increased by 2.6% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		24.1%-14.8%
    % Black
    		6.3%75.0%
    % Hispanic
    		45.7%-9.0%
    % Asian
    		20.9%10.6%
    % Foreign Born
    		55.8%2.6%
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    Mortgage and Risk — Harrison, NJ

    According to HUD data as of 2023, there were 68 mortgage originations in Harrison, NJ, of which 88.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 24.0% above 90% LTV (very high). This implies large mortgage risk in Harrison, NJ. Investor activity is low, as 15.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		68
    % Conventional Loans
    		88.0%
    % Government Loans
    		12.0%
    % Investor Loans
    		15.0%
    % Second Loans
    		0.0%
    % Cash Out Refinance
    		15.0%
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    Rentals and Section 8 — Harrison, NJ

    As of 2024, the percent of homes in Harrison, NJ under the Section 8 program is 0.3%. 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. 1-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Harrison, NJ, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom units do not.

    Section 8 Market Size

    Total Units under HUD
    		295
    Total Units Section 8
    		27
    % Rentals under Section 8
    		0.3%
    % Occupied Section 8
    		100.0%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$130$1,700$1,830
    2 Bedroom-$430$2,500$2,070
    3 Bedroom-$230$2,800$2,570
    4 Bedroom$120$2,750$2,870

    Affordability — Harrison, NJ

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio6.4
    Median Home Price$584,000
    Median Household Income$80,500

    Harrison, NJ — ZIP Code Boundary Map

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    Frequently Asked Questions