Harrison, New Jersey Housing Market Prices
Harrison Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 47% below the New Jersey median$187,524
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Median rent 29% above the New Jersey median$2,225
Housing Market Overview
| Metric | Harrison | New Jersey Avg | US Average |
|---|---|---|---|
| Median Home Price | $187,524 | $352,792 | $248,835 |
| Price Trend (Annual %) | 0.0% | 4.4% | 7.5% |
| Median Gross Rent | $2,225 | $1,719 | $1,407 |
| Rent Trend (Annual %) | 7.3% | 4.5% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Harrison is about 47% lower than in New Jersey. Rent is about 29% higher than the New Jersey average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2021
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Harrison, up about 0.0% and 7.3% a year respectively. Rent is changing faster.
Median rent in Harrison rose about 83.6% between 2015 and 2024, from $1,212 to $2,225. Over the same span, rent in New Jersey rose about 44.3%.
Affordability
On average, housing unit costs 2.0 yearly household incomes in Harrison.
Buying the median-priced home in Harrison costs roughly 7.0 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Harrison. The price-to-rent ratio in New Jersey is about 17.1.
| Metric | Harrison | New Jersey Avg | US Average |
|---|---|---|---|
| Median Home Price | $187,524 | $352,792 | $248,835 |
| Median Household Income | $93,692 | $103,817 | $80,455 |
| Price-to-Income Ratio | 2.0 | 3.4 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2021, the median home price in Harrison fell about 3.8%, while median household income rose about 64.6% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Harrison | New Jersey Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 19.7% | 59.1% | 58.5% |
| Rental Rate | 73.6% | 33.5% | 31.2% |
| Vacancy Rate | 6.7% | 7.5% | 10.2% |
| Median Tenure (years) | 12.0 | 16.0 | 15.0 |
| Median Year Moved In | 2014 | 2010 | 2011 |
Harrison has a homeownership rate of 19.7%, lower than the New Jersey average of 59.1%. Its housing vacancy rate is 6.7%, compared with 7.5% in New Jersey.
Housing Stock
| Metric | Harrison | New Jersey Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.16 people | 2.61 people | 2.53 people |
| Median Structure Built Year | 1986 | 1968 | 1978 |
| Median Number of Rooms | 3.7 | 5.7 | 5.5 |
The typical housing unit in Harrison was built around 1986. On average, 2.2 people live in a home with about 3.7 rooms, staying for about 12.0 years on average.
Harrison, NJ Housing Compared With Nearby Cities
How Harrison, NJ compares with the 2 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Harrison, NJ | 20,334 | $187,524 #3/3 | $2,225 #1/3 | 21.1% #3/3 |
| Newark, NJ | 309,652 | $190,352 | $1,392 | 24.4% |
| Kearny, NJ | 40,646 | $307,143 | $1,720 | 42.9% |
Frequently Asked Questions
Common questions about the housing market in Harrison, New Jersey.
What is the median home price in Harrison, New Jersey?
The median home price in Harrison, New Jersey is $187,524, lower than the New Jersey average of $352,792.
What is the average home price in Harrison, New Jersey?
The typical home price in Harrison, New Jersey, reported as the median sale price, is $187,524. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Harrison, New Jersey?
The median gross rent in Harrison, New Jersey is $2,225 per month, higher than the New Jersey average of $1,719.
What was the median gross rent in Harrison in 2020?
In 2020, the median gross rent in Harrison, New Jersey was $1,621 per month.
What is the price-to-rent ratio in Harrison, New Jersey?
The price-to-rent ratio in Harrison, New Jersey is about 7.0, meaning it would take roughly 7.0 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Harrison.
Are home prices or rent rising faster in Harrison, New Jersey?
Both home prices and rent are rising in Harrison, up about 0.0% and 7.3% a year respectively. Rent is changing faster.
What is the homeownership rate in Harrison, New Jersey?
19.7% of households in Harrison, New Jersey own their home, lower than the New Jersey average of 59.1%.
What is the vacancy rate in Harrison, New Jersey?
The housing vacancy rate in Harrison, New Jersey is 6.7%, lower than the New Jersey average of 7.5%.
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