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These days, finding an affordable place to live in the Harlem area can be challenging. Home prices in Harlem are now at a median cost of $892,198, lower than the Manhattan average of $1,108,809.
The average cost of rent is $1,510/mo in Harlem, primarily driven by the current value of real estate in the Harlem area. In Harlem, 84.30% of households rent, and 54.12% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Harlem is $5,485 per month. Households that rent pay about 27.54% of their income on rent here. Harlem’s most expensive areas are in the southern regions, while the cheapest areas are in the eastern parts of the neighborhood.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Neighborhoods
- Hamilton Heights, Manhattan, NY: less expensive homes
- Morningside Heights, Manhattan, NY: higher priced homes
- East Harlem, Manhattan, NY: less expensive homes
- Mott Haven, Bronx, NY: less expensive homes
- Yorkville, Manhattan, NY: higher priced homes
- Highbridge, Bronx, NY: less expensive homes
- South Bronx, Bronx, NY: less expensive homes
- Carnegie Hill, Manhattan, NY: higher priced homes
- Washington Heights, Manhattan, NY: less expensive homes
- Upper West Side, Manhattan, NY: higher priced homes
Neighborhoods with Similar Populations
- Wakefield-Williamsbridge, Bronx, NY: less expensive homes
- Bullard, Fresno, CA: less expensive homes
- Brownsville, Brooklyn, NY: less expensive homes
- Corona, Queens, NY: less expensive homes
- Sugarland, Houston, TX: less expensive homes
- Jamaica, Queens, NY: less expensive homes
- Westlake, Los Angeles, CA: less expensive homes
- South Bronx, Bronx, NY: less expensive homes
- South Mountain, Phoenix, AZ: less expensive homes
- South Side, Corpus Christi, TX: less expensive homes
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