Harlem median real estate price is $665,334, which is more expensive than 90.7% of the neighborhoods in New York and 95.7% of the neighborhoods in the U.S.
The average rental price in Harlem is currently $993, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price then 57.3% of New York neighborhoods.
Harlem is a densely urban neighborhood (based on population density) located in New York, New York.
Harlem real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) apartment complexes/high-rise apartments and small apartment buildings. Most of the residential real estate is renter occupied. Many of the residences in the Harlem neighborhood are relatively historic, built no later than 1939, and in some cases, quite a bit earlier. A number of residences were also built between 1970 and 1999.
Vacant apartments or homes are a major fact of life in Harlem. The current real estate vacancy rate here is 22.6%. This is higher than the rate of vacancies in 88.3% of all U.S. neighborhoods. This can sometimes be the case in neighborhoods dominated by seasonal homes (such as vacation areas), and occasionally it is also found in neighborhoods that are primarily filled with college students, as some apartments could be vacant when school is not in session. But often neighborhoods with vacancy rates this high are places that can be plagued by a protracted vacancy problem. If you live here, you may find that a number of buildings in your neighborhood are actually empty.