NYU Furman Center

State of New York City’s Housing & Neighborhoods

State of the City 2019

Borough Park BK12

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DEMOGRAPHICS
In 2018, there were about 138,570 people in Borough Park, with 14.0% of the population identified as Asian, 2.0% identified as black, 9.4% identified as Hispanic, and 73.6% identified as white. Median household income in 2018 was $51,390, about 21% less than citywide median household income ($64,850). The poverty rate in Borough Park was 27.8% in 2018 compared to 17.3% citywide.

Poverty Rate, 2018

The poverty rate in Borough Park was 27.8% in 2018 compared to 17.3% citywide.
Sources: American Community Survey, NYU Furman Center
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HOUSING

Renters

Real median gross rent in Borough Park increased from $1,230 in 2006 to $1,580 in 2018. In 2018, 44.7% of renter households in Borough Park were severely rent burdened (spent more than 50% of household income on rent). 60.8% of the rental units are affordable at the 80% Area Median Income, 7 percentage points lower than the share in 2010. None of the rental units are public housing rental units in 2018. The overall rental vacancy rate in Borough Park was 3.0%.

Real Median Gross Rent 2006 - 2018 (2019$)

Real median gross rent in Borough Park increased from $1,230 in 2006 to $1,580 in 2018.
Sources: American Community Survey, NYU Furman Center
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Share of Rental Units Located in New York City Housing Authority Public Housing

None of the rental units in Borough Park are public housing rental units in 2018.
Sources: American Community Survey, NYU Furman Center
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Homeowners

In 2018, the homeownership rate in Borough Park was 35.3%, higher than the citywide share of 32.8%. The homeownership rate in the neighborhood has increased by 4.7 percentage points since 2010. In 2018, the home purchase loan rate was 17.7 per 1,000 properties (owner-occupied 1-4 family buildings, condominiums, or cooperative apartments) and the refinance loan rate was 15.6 per 1,000 properties in the neighborhood. 202 properties had a filing of mortgage foreclosure in Borough Park in 2018. There were 11.3 mortgage foreclosure actions initiated per 1,000 1-4 family properties and condominium units.

Rate of Mortgage Foreclosure Actions Initiated Per 1,000 1-4 Family Properties and Condominium Units 2000 - 2018

There were 11.3 mortgage foreclosure actions initiated per 1,000 1-4 family properties and condominium units in Borough Park in 2018.
Sources: Home Mortgage Disclosure Act, NYU Furman Center
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Development

In 2019, there were 107 units authorized by new residential building permits, which is 1.1% of total new units in Brooklyn, and 0.4% of the citywide total, in Borough Park. Department of Buildings issued new certificates of occupancy to 209 residential units in new buildings in Borough Park last year, 35 more than the number of units certified in 2018.

Units Issued New Certificates of Occupancy, 2000 - 2019

Department of Buildings issued new certificates of occupancy to `209 residential units in new buildings in Borough Park last year, `35 more than the number of units certified in 2018.
Sources: Department of Buildings, Department of City Planning, NYU Furman Center
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NEIGHBORHOOD SERVICES AND CONDITIONS
In 2019, 62.6% of 4th grade students attending schools in Borough Park performed at grade level in math, compared to 52.3% in Brooklyn, and 49.4% citywide; 56.4% of Borough Park 4th graders performed at grade level in English language arts, compared to 51.2% in Brooklyn, and 49.6% citywide. The serious crime rate was 4.6 serious crimes per 1,000 residents in 2019, compared to 11.3 serious crimes per 1,000 residents citywide.

Serious Crime Rate Per 1,000 Residents, 2019

The serious crime rate was 4.6 serious crimes per 1,000 residents in 2019, compared to 11.3 serious crimes per 1,000 residents citywide.
Sources: New York City Police Department, NYU Furman Center
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Neighborhood Indicators: BK12 Borough Park

Demographics

Indicator 2000 2006 2010 2018 2019 Rank (2000) Rank (18/19)
Population
Born in New York State 60.5% 58.9% 64.5% 2
Disabled population 8.1% 5.1% 43
Foreign-born population 39.8% 33.9% 35.9% 26.7% 18 43
Population 158,548 155,509 168,915 138,570
Population aged 65+ 13.2% 11.0% 9.3% 12.4% 19 38
Households
Households with children under 18 years old 41.1% 41.1% 45.5% 40.5% 23 2
Single-person households 26.5% 18.0% 23.9% 41
Race and Ethnicity
Percent Asian 11.2% 13.4% 16.3% 14.0% 17 21
Percent Black 2.8% 2.9% 1.5% 2.0% 46 48
Percent Hispanic 10.7% 10.9% 10.0% 9.4% 42 48
Percent white 70.8% 70.6% 71.0% 73.6% 7 3
Racial diversity index 0.47 0.47 0.46 0.43 40 52
Income and Poverty
Income diversity ratio 4.9 4.8 5.4 31
Median household income (2019$) $49,820 $50,470 $41,740 $51,390 36 43
Median household income, homeowners (2019$) $79,420 $62,660 $79,040 45
Median household income, renters (2019$) $39,420 $35,050 $40,890 42
Poverty rate 28.5% 24.5% 32.2% 27.8% 16 8
Poverty rate, population aged 65+ 18.7% 15.4% 20.1% 28
Poverty rate, population under 18 years old 32.8% 44.7% 37.9% 11
Labor Market
Labor force participation rate 56.2% 54.1% 59.1% 42
Population aged 25+ without a high school diploma 24.1% 27.3% 19.0% 22
Unemployment rate 7.44% 6.13% 8.05% 4.24% 35 43

Housing Market and Conditions

Indicator 2000 2006 2010 2018 2019 Rank (2000) Rank (18/19)
Housing Stock
Homeownership rate 29.3% 31.1% 30.6% 35.3% 23 24
Housing units 49,181 50,573 45,908 52
Rental vacancy rate 3.0% 3.0% 25
Serious housing code violations (per 1,000 privately owned rental units) 33.3 41.9 35.6 69.4 26
Severe crowding rate (% of renter households) 7.5% 9.9% 2
Total housing code violations (per 1,000 privately owned rental units) 179.0 196.8 226.8 263.2 26
Finance - Distress
Notices of foreclosure rate (per 1,000 1-4 family and condo properties) 4.8 3.9 20.4 11.3 36 22
Notices of foreclosure, all residential properties 83 70 365 202 24 14
Notices of foreclosure, initial, 1-4 family and condo properties 48 47 270 63 26 17
Notices of foreclosure, repeat, 1-4 family and condo properties 27 17 74 134 14 11
Pre-foreclosure notice rate (per 1,000 1-4 family and condo properties) 29.5 27.6 34
Pre-foreclosure notices, 1-4 family and condo properties 516 482 25
Properties entering REO, 1-4 family 6 0 0 25
Finance - Lending
FHA/VA-backed home purchase loans (% of home purchase loans) 0.0% 6.9% 0.0% 42
Higher-cost home purchase loans (% of home purchase loans) 0.0% 0.8%
Higher-cost refinance loans (% of refinance loans) 0.0% 1.7%
Home purchase loan rate (per 1,000 properties) 24.6 12.6 17.7 36
Home purchase loans in LMI tracts (% of home purchase loans) 66.9% 59.3% 80.5% 7
Home purchase loans to LMI borrowers (% of home purchase loans) 5.3% 12.6% 5.4% 37
Refinance loan rate (per 1,000 properties) 26.0 12.2 15.6 16
Sales - Volume
Sales volume, 1 family building 122 105 58 92 25 25
Sales volume, 2-4 family building 362 404 178 239 18 21
Sales volume, 5+ family building 20 18 20 22 25 26
Sales volume, all property types 566 671 398 533 21 30
Sales volume, condominium 62 144 142 180 19 19
Sales - Median Prices
Median sales price per unit, 1 family building (2019$) $464,810 $836,920 $653,250 $1,247,750 15 17
Median sales price per unit, 2-4 family building (2019$) $232,410 $426,210 $369,230 $625,000 14 15
Median sales price per unit, 5+ family building (2019$) $82,470 $153,050 $122,070 $258,000 21 25
Median sales price per unit, condominium (2019$) $288,640 $546,900 $508,030 $723,500 19 18
Sales - Housing Price Index
Index of housing price appreciation, 1 family building 100.0 200.6 169.6 346.3 1 15
Index of housing price appreciation, 2-4 family building 100.0 222.6 179.9 344.2 1 17
Index of housing price appreciation, 5+ family building 100.0 201.0 282.4 524.9 1 29
Index of housing price appreciation, all property types 100.0 213.8 182.9 352.5 1 17
Index of housing price appreciation, condominium 100.0 198.8 201.4 303.4 1 31
Subsidized Housing
Total number of subsidized properties (properties) 29 40
HUD Financing or Insurance (properties) 3 27
HUD Financing or Insurance (units) 0 39
HUD Project-based Rental Assistance Program (properties) 9 22
HUD Project-based Rental Assistance Program (units) 638 28
Low Income Housing Tax Credit (properties) 6 36
Low Income Housing Tax Credit (units) 426 41
Public Housing (properties) 0 42
Public Housing (units) 0 42
Mitchell-Lama (properties) 1 37
Mitchell-Lama (units) 183 39
421-a Tax Exemption (properties) 22 29
421-a Tax Exemption (units) 247 48
420-c Tax Exemption (properties) 7 27
420-c Tax Exemption (units) 460 30
NYC Housing Production Programs and Zoning Incentives or Requirements (properties) 3 48
Eligible to expire from housing programs between 2020 and 2025 (properties) 4 27
Eligible to expire from housing programs between 2020 and 2025 (units) 235 33
Eligible to expire from housing programs between 2026 and 2035 (properties) 5 28
Eligible to expire from housing programs between 2026 and 2035 (units) 247 39
Eligible to expire from housing programs in 2036 and later (properties) 4 40
Eligible to expire from housing programs in 2036 and later (units) 164 47

Land Use and Development

Indicator 2000 2006 2010 2018 2019 Rank (2000) Rank (18/19)
Density
Population density (1,000 persons per square mile) 49.4 53.7 44.1 22
Development
Units authorized by new residential building permits 122 374 56 166 107 34 50
Units issued new certificates of occupancy 47 227 271 174 209 46 33

Neighborhood Services and Conditions

Indicator 2000 2006 2010 2018 2019 Rank (2000) Rank (18/19)
Commute
Car-free commute (% of commuters) 63.1% 65.6% 71.3% 69.4% 34 33
Mean travel time to work (minutes) 37.3 34.6 36.0 34.8 42 48
Crime and Incarceration
Serious crime rate (per 1,000 residents) 7.5 6.6 4.9 4.6 55
Serious crime rate, property (per 1,000 residents) 5.7 4.8 3.7 3.3 56
Serious crime rate, violent (per 1,000 residents) 1.9 1.8 1.2 1.3 55
Schools
Students performing at grade level in English language arts, 4th grade 56.8% 56.4% 23
Students performing at grade level in math, 4th grade 61.2% 62.6% 17

Renters

Indicator 2000 2006 2010 2018 2019 Rank (2000) Rank (18/19)
Median Rent
Median rent, 2- and 3-bedrooms (2019$) $1,380 $1,590 26
Median rent, all (2019$) $1,110 $1,230 $1,380 $1,580 24 21
Median rent, recent movers (2019$) $1,370 $1,720 24
Median rent, studios and 1-bedrooms (2019$) $1,090 $1,340 19
Median rent, asking $1,580 $1,980 35
Affordability
Rental units affordable at 30% AMI (% of recently available units) 1.8% 3.3% 36
Rental units affordable at 80% AMI (% of recently available units) 67.9% 60.8% 22
Rental units affordable at 120% AMI (% of recently available units) 97.2% 94.3% 26
Rent Burden
Moderately rent-burdened households 22.3% 24.1% 27.0% 13
Moderately rent-burdened households, low income 28.1% 27.1% 46
Moderately rent-burdened households, moderate income 15.8% 14.5% 21
Severely rent-burdened households 35.0% 39.1% 44.7% 1 1
Severely rent-burdened households, low income 51.5% 57.0% 4
Severely rent-burdened households, moderate income 0.0% 0.0% 33
Rental Subsidy
Housing choice vouchers (% of occupied, privately owned rental units) 12.1% 13.1% 9
Public housing (% of rental units) 0.0% 42

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 and data under the 2018 heading comes from the 2014 – 2018 ACS.

Rankings: We report rankings out of all neighborhoods for which the indicator can be calculated. Rankings are listed for community districts, though some indicators are reported at the sub-borough area level.