The typical owner-occupied home in Harlem is worth about $100,800, 73% below the Montana median of $375,800 and 70% below the national median of $332,700. Owners pay a median $2,240 a year in property taxes, about 2.22% of their home's value, higher than the Montana rate of 0.72%. The median household earns $82,596 a year, so the median home costs 1.2 times the median income (5.2 times for Montana). 62% of occupied homes here are lived in by their owners, and 30% of those owners still have a mortgage.
Harlem at a glance
| Harlem | Montana | U.S. | |
|---|---|---|---|
| Median home value | $100,800 | $375,800 | $332,700 |
| Median property tax paid per year | $2,240 | $2,693 | $3,119 |
| Property tax as a share of value | 2.22% | 0.72% | 0.94% |
| Median household income | $82,596 | $72,509 | $80,734 |
| Homes lived in by their owners | 62% | 69% | 65% |
| Owner homes with a mortgage | 30% | 55% | 61% |
| Median monthly costs, owners with a mortgage | $1,358 | $1,798 | $1,963 |
| Those costs as a share of the owners' income | 13.8% | 21.9% | 21.0% |
| Median rent | $824 | $1,081 | $1,413 |
| Rent as a share of renters' income | 17.8% | 27.8% | 30.6% |
| Median year homes were built | 1956 | 1981 | 1980 |
| Vacant homes | 24.9% | 13.2% | 10.1% |
| Population | 822 | 1,116,875 | 334,922,499 |
What a typical home costs per month in Harlem
At this week's average 30-year rate of 7.11%, buying the median Harlem home of $100,800 with 20% down costs about $771 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $939, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $33,041 for the 20%-down payment. That payment is 11% of the median Harlem household income of $82,596; at that income and 20% down, the 28% guideline points to a home of about $252,000.
The median rent here is $824 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $20,160 |
|---|---|
| Loan amount | $80,640 |
| Principal and interest | $542 |
| Property taxes (2.22% a year) | $186 |
| Homeowners insurance (our estimate, 0.5% a year) | $42 |
| PMI | $0 |
| Total per month | $771 |
Change the numbers in the calculator
| Down payment | $3,528 |
|---|---|
| Loan amount | $98,974 |
| Principal and interest | $666 |
| Property taxes (2.22% a year) | $186 |
| Homeowners insurance (our estimate, 0.5% a year) | $42 |
| FHA mortgage insurance | $45 |
| Total per month | $939 |
Change the numbers in the calculator
Questions about home buying in Harlem
What is the median home value in Harlem?
About $100,800 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Harlem?
Homeowners pay a median $2,240 a year, which is about 2.22% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Harlem?
For the median home with 20% down at 7.11%, the payment is about $771 a month. Keeping that under 28% of gross income takes about $33,041 a year.
More about Harlem
- Mortgage Refinance in Harlem
- Debt Relief in Harlem
- Home Equity Loans in Harlem
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data