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Brooklyn BK

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In 2022, Brooklyn was the city’s largest borough by population. It has the 3rd largest proportion of nonwhite population, the 4th highest median income, and the 3rd most expensive rents of the city's 5 boroughs. From 2010 to 2020, the borough added 70,851 new housing units, 52,402 units of which were market rate and 18,403 units of which were income restricted.

DEMOGRAPHICS

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Demographics


In 2022, there were an estimated 2,590,516 people in Brooklyn, of which 12.3% identified as Asian, 26.9% identified as Black, 18.9% identified as Hispanic, and 35.7% identified as White.

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In 2022, the household income group with the largest share (30.2%) 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 24.1%.

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Median household income in 2022 was $76,780, about 1% less than citywide median household income ($77,550). The poverty rate in Brooklyn was 19.8% in 2022 compared to 18.3% citywide.

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Renters and Rental Conditions

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Renters and Rental Conditions


Real median gross rent in Brooklyn increased from $1,310 in 2006 to $1,750 in 2022. This represents a 33.6% increase over the same period. The overall rental vacancy rate in Brooklyn was 3.1% in 2022.

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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 2022.
Between 2018-2022, the largest share of studios had gross rents between $1.5,000 - $2,000 (24%), the largest share of one-bedrooms had rents between $1.5,000 - $2,000 (27%), the largest share of two-bedrooms had rents between $1.5,000 - $2,000 (24%), the largest share of three bedrooms had rents between $2,000 - $2.5,000 (19%). (If you are viewing this page on a desktop, you can use the drop down menu below to switch between different apartment sizes)

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As of 2022, the change in median household income outpaced the change in median gross rent by 13.2 percentage points. In 2022, 28.1% of renter households in Brooklyn were severely rent burdened (spent more than 50% of household income on rent). 47.3% of the rental units were affordable at 80% Area Median Income, 13 percentage points lower than the share in 2010.

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HOUSING

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Housing Market


In 2022, the homeownership rate in Brooklyn was 29.5%, which is lower than the citywide share of 32.7%. The homeownership rate in the neighborhood has decreased by 0.7 percentage points since 2010. In 2022, the home purchase loan rate was 27.5 per 1,000 properties (owner-occupied 1-4 family buildings, condominiums, or cooperative apartments) and the refinance loan rate was 14.0 per 1,000 properties in the neighborhood. Out of all the first-time home purchase loans and refinance loans in Brooklyn, 2.3% and 1.4% were high cost loans, respectively. 2,402 properties had a filing of mortgage foreclosure in Brooklyn in 2022. There were 8.5 mortgage foreclosure actions initiated per 1,000 1-4 family properties and condominium units.

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Among all residential properties, prices of residential properties have increased 96% in Brooklyn since 2009. (If you are viewing this page on a desktop, you can use the drop down menu below to switch to a different index year for longer term trends.)

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DEVELOPMENT

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Development


Over the last decade, 70,851 units in 4+ unit buildings were built in Brooklyn. 74% were market rate, compared to 21% 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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The Department of Buildings issued new building permits to 5,285 residential units in new buildings in Brooklyn in 2023, 26,236 fewer than the number of units authorized in 2022.

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The Department of Buildings issued new certificates of occupancy to 9,288 residential units in new buildings in Brooklyn in 2023, 933 more than the number of units certified in 2022.

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SUBSIDIZED HOUSING

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Subsidized Housing


8.2% of the rental units were public housing rental units, as of 2023.

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Brooklyn has 4,710 properties with subsidized units as of 2023 through programs like HUD assistance, Low Income Housing Tax Credits, 421a, and others. 221 properties have subsidies due to expire between 2024 and 2029, 321 properties have subsidies due to expire between 2030 and 2039, and 499 properties have subsidies expiring after 2039. For more comprehensive subsidized housing information in New York City, please visit Furman Center's CoreData.nyc.

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NEIGHBORHOOD SERVICES AND CONDITIONS

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Neighborhood Services and Conditions


The serious crime rate, including property and violent crime types, was 11.6 serious crimes per 1,000 residents in 2023, compared to 14.2 serious crimes per 1,000 residents citywide.

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Data Notes: See CoreData User Guide for more information about indicator definitions and methods.

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 2022 heading comes from 2018 – 2022 ACS.