Borough Park Neighborhood Profile

Neighborhood Indicators

Demographics

Indicator	2000	2006	2010	2019	2021
Population
Born in New York State		60.5%	58.9%	64.6%	68.4%
Disabled population			8.1%	4.6%	5.7%
Foreign-born population	39.8%	33.9%	35.9%	26.5%	23.8%
Population	158,548	155,509	168,915	153,470	172,253
Population aged 65+	13.2%	11.0%	9.3%	11.9%	11.5%
Households
Households with children under 18 years old	41.1%	41.1%	45.5%	44.0%	43.9%
Single-person households		26.5%	18.0%	18.1%	20.9%
Race and Ethnicity
Percent Asian	11.2%	13.4%	16.3%	12.7%	12.4%
Percent Black	2.8%	2.9%	1.5%	1.5%	3.3%
Percent Hispanic	10.7%	10.9%	10.0%	10.5%	10.8%
Percent white	70.8%	70.6%	71.0%	72.1%	67.4%
Racial diversity index	0.47	0.47	0.46	0.45	0.52
Income and Poverty
Income diversity ratio		4.9	4.8	5.6	5.5
Median household income (2022$)	$55,550	$56,270	$46,530	$61,400	$61,280
Median household income, homeowners (2022$)		$88,550	$69,860	$91,980	$89,220
Median household income, renters (2022$)		$43,950	$39,080	$45,830	$48,310
Poverty rate	28.5%	24.5%	32.2%	26.8%	23.8%
Poverty rate, population aged 65+		18.7%	15.4%	15.1%	12.2%
Poverty rate, population under 18 years old		32.8%	44.7%	37.1%	31.8%
Labor Market
Labor force participation rate		56.2%	54.1%	58.4%	61.2%
Population aged 25+ without a high school diploma		24.1%	27.3%	21.2%	18.5%
Unemployment rate	7.44%	6.13%	8.05%	3.99%	13.22%

Housing Market and Conditions

Indicator	2000	2006	2010	2019	2021	2022
Housing Stock
Homeownership rate	29.3%	31.1%	30.6%	33.7%	32.6%
Housing units		49,181	50,573	48,050	54,686
Rental vacancy rate			3.0%	3.4%	2.9%
Serious housing code violations (per 1,000 privately owned rental units)		33.3	41.9	69.4	59.9	65.6
Severe crowding rate (% of renter households)			7.5%	10.2%	9.5%
Total housing code violations (per 1,000 privately owned rental units)		179.0	196.8	263.7	326.1	318.7
Finance - Distress
Notices of foreclosure rate (per 1,000 1-4 family and condo properties)	4.8	3.9	20.4	8.2	6.4	7.8
Notices of foreclosure, all residential properties	83	70	365	152	120	154
Notices of foreclosure, initial, 1-4 family and condo properties	48	47	270	60	30	63
Notices of foreclosure, repeat, 1-4 family and condo properties	27	17	74	84	83	78
Pre-foreclosure notice rate (per 1,000 1-4 family and condo properties)				27.6	13.8	29.9
Pre-foreclosure notices, 1-4 family and condo properties				482	249	539
Properties entering REO, 1-4 family	6	0	0
Finance - Lending
FHA/VA-backed home purchase loans (% of home purchase loans)		0.0%	6.9%	0.0%	0.7%
Higher-cost home purchase loans (% of home purchase loans)		7.6%	0.8%	1.9%	3.2%
Higher-cost refinance loans (% of refinance loans)		19.8%	1.7%	2.4%	0.9%
Home purchase loan rate (per 1,000 properties)		24.6	12.6	15.7	33.6
Home purchase loans in LMI tracts (% of home purchase loans)		66.9%	12.6%	65.4%	70.9%
Home purchase loans to LMI borrowers (% of home purchase loans)		5.3%	59.3%	5.2%	7.6%
Refinance loan rate (per 1,000 properties)		26.0	12.2	20.5	54.9
Sales - Volume
Sales volume, 1 family building	122	105	58	71	68	94
Sales volume, 2-4 family building	362	404	178	155	180	289
Sales volume, 5+ family building	20	18	20	12	11	20
Sales volume, condominium	62	144	142	130	327	186
Sales volume, all property types	566	671	398	368	586	589
Sales - Median Prices
Median sales price per unit, 1 family building (2022$)	$526,810	$948,550	$740,380	$1,337,950	$1,379,860	$1,388,130
Median sales price per unit, 2-4 family building (2022$)	$263,410	$483,060	$418,480	$650,390	$697,620	$725,000
Median sales price per unit, 5+ family building (2022$)	$93,470	$173,460	$138,350	$233,440	$306,640	$212,920
Median sales price per unit, condominium (2022$)	$327,140	$619,850	$575,790	$851,480	$928,400	$934,500
Sales - Housing Price Index
Index of housing price appreciation, 1 family building	100.0	200.8	170.4	348.3	394.4	392.6
Index of housing price appreciation, 2-4 family building	100.0	220.4	179.7	376.2	381.5	397.4
Index of housing price appreciation, 5+ family building	100.0	198.5	274.3	683.6	524.4	429.5
Index of housing price appreciation, condominium	100.0	177.7	180.2	304.6	311.8	394.2
Index of housing price appreciation, all property types	100.0	211.8	183.6	353.4	360.7	401.2
Subsidized Housing
Total number of subsidized properties (properties)						49
HUD Financing or Insurance (properties)						2
HUD Financing or Insurance (units)						0
HUD Project-based Rental Assistance Program (properties)						15
HUD Project-based Rental Assistance Program (units)						695
Low Income Housing Tax Credit (properties)						5
Low Income Housing Tax Credit (units)						359
Public Housing (properties)						0
Public Housing (units)						0
Mitchell-Lama (properties)						1
Mitchell-Lama (units)						183
421-a Tax Exemption (properties)						138
421-a Tax Exemption (units)						2,963
420-c Tax Exemption (properties)						7
420-c Tax Exemption (units)						460
NYC Housing Production Programs and Zoning Incentives or Requirements (properties)						19
Eligible to expire from housing programs between 2023 and 2028 (properties)						11
Eligible to expire from housing programs between 2023 and 2028 (units)						308
Eligible to expire from housing programs between 2029 and 2038 (properties)						7
Eligible to expire from housing programs between 2029 and 2038 (units)						399
Eligible to expire from housing programs in 2039 and later (properties)						1
Eligible to expire from housing programs in 2039 and later (units)						0

Land Use and Development

Indicator	2000	2006	2010	2019	2021	2022
Density
Population density (1,000 persons per square mile)		49.4	53.7	48.8	54.8
Development
Units authorized by new residential building permits	122	0	52	140	89	265
Units issued new certificates of occupancy	47	227	272	209	304	97

Neighborhood Services and Conditions

Indicator	2000	2006	2010	2019	2021	2022
Commute
Car-free commute (% of commuters)	63.1%	65.6%	71.3%	67.3%	57.5%
Mean travel time to work (minutes)	37.3	34.6	36.0	36.9	34.9
Crime and Incarceration
Serious crime rate (per 1,000 residents)		7.5	6.6	4.8	4.7	6.1
Serious crime rate, property (per 1,000 residents)		5.7	4.8	3.5	3.6	4.5
Serious crime rate, violent (per 1,000 residents)		1.9	1.8	1.3	1.1	1.5
Schools
Students performing at grade level in English language arts, 4th grade				56.4%		55.7%
Students performing at grade level in math, 4th grade				62.6%		54.5%

Renters

Indicator	2000	2006	2010	2019	2021	2022
Median Rent
Median rent, 2- and 3-bedrooms (2022$)			$1,540	$1,760	$1,790
Median rent, all (2022$)	$1,240	$1,370	$1,540	$1,770	$1,730
Median rent, recent movers (2022$)			$1,530	$1,960	$1,990
Median rent, studios and 1-bedrooms (2022$)			$1,210	$1,460	$1,550
Change in collected rent (2019-2020)					1.2%
Affordability
Rental units affordable at 30% AMI (% of recently available units)			1.8%	4.0%	4.8%
Rental units affordable at 80% AMI (% of recently available units)			67.9%	61.5%	69.2%
Rental units affordable at 120% AMI (% of recently available units)			97.2%	94.1%	97.6%
Rent Burden
Moderately rent-burdened households		22.3%	24.1%	24.6%	20.6%
Moderately rent-burdened households, low income			28.1%	28.1%	28.5%
Moderately rent-burdened households, moderate income			15.8%	13.1%	8.3%
Severely rent-burdened households	35.0%		39.1%	43.5%	39.8%
Severely rent-burdened households, low income			51.5%	56.5%	52.4%
Severely rent-burdened households, moderate income			0.0%	0.0%	0.0%
Rental Subsidy
Housing choice vouchers (% of occupied, privately owned rental units)			12.1%	11.6%
Public housing (% of rental units)						0.0%

DEMOGRAPHICS

In 2021, there were an estimated 172,253 people in Borough Park, of which 12.4% identified as Asian, 3.3% identified as Black, 10.8% identified as Hispanic, and 67.4% identified as white.

Graph showing the racial and ethnic composition of Borough Park in both 2000 and 2017-2021.

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In 2021, the household income group with the largest share (23.9%) of households was $100,001 - $250,000. In 2000, the same household income group had the largest share as well, with a slightly lower share of 22.8%.

Graph showing the distribution of household income in Borough Park in both 2000 and 2017-2021.

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Median household income in 2021 was $61,280, about 15% less than citywide median household income ($72,150). The poverty rate in Borough Park was 23.8% in 2021 compared to 18.0% citywide.

The poverty rate in Borough Park was 23.8% in 2021 compared to 18.0% citywide.

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The rent distribution shows the share of apartments by their size (according to the number of bedrooms), and then for each apartment size in the community district, the share of apartments according to their monthly gross rent. This distribution compares 5-year ACS figures from 2010 to 5-year ACS figures from 2021.

Graph showing the distribution of rents in Borough Park in both 2010 and 2017-2021.

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HOUSING

Renters

Real median gross rent in Borough Park increased from $1,370 in 2006 to $1,730 in 2021. This represents a 26.3% increase over the same period. As of 2021, the change in median gross rent outpaced the change in median household income by 16.4 percentage points. In 2021, 39.8% of renter households in Borough Park were severely rent burdened (spent more than 50% of household income on rent). 69.2% of the rental units were affordable at 80% Area Median Income, 1 percentage points higher than the share in 2010. None of the rental units were public housing rental units, as of 2022. The overall rental vacancy rate in Borough Park was 2.9% in 2021.

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Graph showing the change in real median gross rent and median renter household income in Borough Park from 2006 to 2021.

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None of the rental units in Borough Park are public housing rental units in 2022.

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Homeowners

In 2021, the homeownership rate in Borough Park was 32.6%, which is lower than the citywide share of 33.3%. The homeownership rate in the neighborhood has increased by 2.0 percentage points since 2010. In 2021, the home purchase loan rate was 33.6 per 1,000 properties (owner-occupied 1-4 family buildings, condominiums, or cooperative apartments) and the refinance loan rate was 54.9 per 1,000 properties in the neighborhood. Out of all the first-time home purchase loans and refinance loans in Borough Park, 3.2% and 0.9% were high cost loans, respectively. 154 properties had a filing of mortgage foreclosure in Borough Park in 2022. There were 7.8 mortgage foreclosure actions initiated per 1,000 1-4 family properties and condominium units.

There were 7.8 mortgage foreclosure notices per 1,000 1-4 family properties and condominium units in Borough Park in 2022

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Development

The Department of Buildings issued new certificates of occupancy to 97 residential units in new buildings in Borough Park in 2022, 207 fewer than the number of units certified in 2021.

Department of Buildings issued new certificates of occupancy to 97 residential units in new buildings in Borough Park last year, the same as the number of units certified in 2022.

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Over the last decade, 1,568 units in 4+ unit buildings were built in Borough Park. 97% were market rate, compared to 0% that were income-targeted. We use data from a variety of sources to count the number of income-restricted units targeted to households earning between 80% and 165% of AMI. However, due to restricted availability of granular data our calculations of income-restricted units should be read as conservative estimates. Read more about our methodology in the technical appendix of the 2021 Focus Report.

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NEIGHBORHOOD SERVICES AND CONDITIONS

The serious crime rate was 6.1 serious crimes per 1,000 residents in 2022, compared to 14.2 serious crimes per 1,000 residents citywide.

The serious crime rate was 6.1 serious crimes per 1,000 residents in 2022, compared to 14.2 serious crimes per 1,000 residents citywide.

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Data Notes: See Indicator Definitions, Rankings, and Methods for more information.

Indicators: The rental vacancy rate, severe crowding rate, and the severely rent-burdened households indicators use five-year American Community Survey (ACS) estimates. Data under the 2010 heading comes from the 2006 – 2010 ACS, data under the 2019 heading comes from the 2015 – 2019 ACS and data under the 2021 heading comes from 2017 – 2021 ACS .