The typical owner-occupied home in Harrison is worth about $505,800, 11% above the New Jersey median of $454,400 and 52% above the national median of $332,700. Owners pay a median $10,001 a year in property taxes, about 1.98% of their home's value, lower than the New Jersey rate of 2.11%. The median household earns $93,013 a year, so the median home costs 5.4 times the median income (4.4 times for New Jersey). 21% of occupied homes here are lived in by their owners, and 57% of those owners still have a mortgage.
Harrison at a glance
| Harrison | New Jersey | U.S. | |
|---|---|---|---|
| Median home value | $505,800 | $454,400 | $332,700 |
| Median property tax paid per year | $10,001 | $9,590 | $3,119 |
| Property tax as a share of value | 1.98% | 2.11% | 0.94% |
| Median household income | $93,013 | $103,556 | $80,734 |
| Homes lived in by their owners | 21% | 64% | 65% |
| Owner homes with a mortgage | 57% | 64% | 61% |
| Median monthly costs, owners with a mortgage | $2,802 | $2,829 | $1,963 |
| Those costs as a share of the owners' income | 35.4% | 22.9% | 21.0% |
| Median rent | $2,226 | $1,720 | $1,413 |
| Rent as a share of renters' income | 28.7% | 30.9% | 30.6% |
| Median year homes were built | 1990 | 1970 | 1980 |
| Vacant homes | 6.7% | 7.5% | 10.1% |
| Population | 20,369 | 9,343,809 | 334,922,499 |
What a typical home costs per month in Harrison
At this week's average 30-year rate of 7.11%, buying the median Harrison home of $505,800 with 20% down costs about $3,767 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $4,610, 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 $161,458 for the 20%-down payment. That payment is 49% of the median Harrison household income of $93,013; at that income and 20% down, the 28% guideline points to a home of about $291,000.
The median rent here is $2,226 a month, so owning the median home costs about $1,541 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $101,160 |
|---|---|
| Loan amount | $404,640 |
| Principal and interest | $2,722 |
| Property taxes (1.98% a year) | $835 |
| Homeowners insurance (our estimate, 0.5% a year) | $211 |
| PMI | $0 |
| Total per month | $3,767 |
Change the numbers in the calculator
| Down payment | $17,703 |
|---|---|
| Loan amount | $496,639 |
| Principal and interest | $3,341 |
| Property taxes (1.98% a year) | $835 |
| Homeowners insurance (our estimate, 0.5% a year) | $211 |
| FHA mortgage insurance | $224 |
| Total per month | $4,610 |
Change the numbers in the calculator
Questions about home buying in Harrison
What is the median home value in Harrison?
About $505,800 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Harrison?
Homeowners pay a median $10,001 a year, which is about 1.98% 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 Harrison?
For the median home with 20% down at 7.11%, the payment is about $3,767 a month. Keeping that under 28% of gross income takes about $161,458 a year.
More about Harrison
- Mortgage Refinance in Harrison
- Debt Relief in Harrison
- Home Equity Loans in Harrison
- 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