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Coney Island BK13

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Neighborhood Indicators

Demographics

Indicator 2000 2006 2010 2019 2021 2022
Population
Born in New York State 40.0% 41.4% 41.2% 38.2%
Disabled population 7.0% 7.9% 12.8%
Foreign-born population 47.6% 54.0% 53.1% 54.6% 54.5%
Population 116,138 103,687 103,112 115,277 120,401
Population aged 65+ 20.7% 26.1% 22.4% 25.5% 28.3%
Households
Households with children under 18 years old 29.3% 21.8% 24.2% 25.0% 22.2%
Single-person households 40.7% 37.1% 31.4% 32.2%
Race and Ethnicity
Percent Asian 9.6% 10.1% 14.6% 16.4% 15.5%
Percent Black 14.4% 11.6% 12.2% 11.0% 10.2%
Percent Hispanic 15.6% 14.5% 12.5% 14.7% 16.3%
Percent white 57.1% 63.4% 59.3% 53.5% 55.5%
Racial diversity index 0.62 0.55 0.60 0.65 0.63
Income and Poverty
Income diversity ratio 8.5 5.6 7.8 7.1
Median household income (2022$) $42,930 $39,320 $37,490 $45,390 $44,080
Median household income, homeowners (2022$) $85,400 $65,830 $88,660 $79,750
Median household income, renters (2022$) $24,310 $26,990 $30,290 $34,090
Poverty rate 28.5% 22.0% 28.0% 25.6% 24.1%
Poverty rate, population aged 65+ 36.9% 25.3% 34.8% 28.5%
Poverty rate, population under 18 years old 26.6% 39.4% 30.2% 32.6%
Labor Market
Labor force participation rate 45.9% 50.0% 50.8% 50.9%
Population aged 25+ without a high school diploma 17.1% 17.7% 18.6% 16.5%
Unemployment rate 10.40% 4.93% 14.39% 4.41% 10.59%

Housing Market and Conditions

Indicator 2000 2006 2010 2019 2021 2022
Housing Stock
Homeownership rate 23.3% 28.5% 30.2% 24.9% 32.5%
Housing units 45,661 46,724 50,586 53,107
Rental vacancy rate 3.0% 1.6% 1.7%
Serious housing code violations (per 1,000 privately owned rental units) 25.9 31.9 58.9 61.9 69.9
Severe crowding rate (% of renter households) 3.0% 5.5% 6.6%
Total housing code violations (per 1,000 privately owned rental units) 182.5 165.9 235.0 296.5 270.2
Finance - Distress
Notices of foreclosure rate (per 1,000 1-4 family and condo properties) 7.5 6.8 14.0 8.0 5.5 6.8
Notices of foreclosure, all residential properties 49 49 126 65 54 54
Notices of foreclosure, initial, 1-4 family and condo properties 32 42 70 21 21 21
Notices of foreclosure, repeat, 1-4 family and condo properties 13 6 34 42 22 33
Pre-foreclosure notice rate (per 1,000 1-4 family and condo properties) 22.7 11.6 22.9
Pre-foreclosure notices, 1-4 family and condo properties 179 91 181
Properties entering REO, 1-4 family 9 2 3
Finance - Lending
FHA/VA-backed home purchase loans (% of home purchase loans) 0.0% 2.5% 1.3% 1.7%
Higher-cost home purchase loans (% of home purchase loans) 17.9% 0.7% 3.1% 3.6%
Higher-cost refinance loans (% of refinance loans) 29.4% 1.0% 1.9% 1.2%
Home purchase loan rate (per 1,000 properties) 22.1 12.7 14.1 18.6
Home purchase loans in LMI tracts (% of home purchase loans) 60.7% 19.4% 24.2% 27.4%
Home purchase loans to LMI borrowers (% of home purchase loans) 7.1% 42.3% 16.0% 19.7%
Refinance loan rate (per 1,000 properties) 15.2 8.8 7.0 22.0
Sales - Volume
Sales volume, 1 family building 98 67 25 31 23 54
Sales volume, 2-4 family building 148 136 44 42 50 76
Sales volume, 5+ family building 11 27 5 1 7 15
Sales volume, condominium 32 179 93 89 106 88
Sales volume, all property types 289 409 167 163 186 233
Sales - Median Prices
Median sales price per unit, 1 family building (2022$) $275,330 $583,180 $508,610 $644,450 $636,620 $616,500
Median sales price per unit, 2-4 family building (2022$) $178,440 $385,390 $335,820 $445,980 $492,050 $450,000
Median sales price per unit, 5+ family building (2022$) $69,860 $166,290 $138,300 $167,240 $182,500 $250,000
Median sales price per unit, condominium (2022$) $229,420 $765,530 $642,520 $613,230 $636,610 $687,500
Sales - Housing Price Index
Index of housing price appreciation, 1 family building 100.0 256.4 249.2 342.4 408.0 403.4
Index of housing price appreciation, 2-4 family building 100.0 268.5 216.9 342.3 316.5 349.1
Index of housing price appreciation, 5+ family building 100.0 262.9 312.5 3,245.4 390.3 500.8
Index of housing price appreciation, condominium 100.0 277.2 228.6 316.4 327.3 335.7
Index of housing price appreciation, all property types 100.0 261.3 222.0 314.5 316.2 349.9
Subsidized Housing
Total number of subsidized properties (properties) 95
HUD Financing or Insurance (properties) 4
HUD Financing or Insurance (units) 454
HUD Project-based Rental Assistance Program (properties) 11
HUD Project-based Rental Assistance Program (units) 871
Low Income Housing Tax Credit (properties) 13
Low Income Housing Tax Credit (units) 3,565
Public Housing (properties) 15
Public Housing (units) 6,140
Mitchell-Lama (properties) 14
Mitchell-Lama (units) 6,191
421-a Tax Exemption (properties) 90
421-a Tax Exemption (units) 1,992
420-c Tax Exemption (properties) 8
420-c Tax Exemption (units) 1,629
NYC Housing Production Programs and Zoning Incentives or Requirements (properties) 24
Eligible to expire from housing programs between 2023 and 2028 (properties) 4
Eligible to expire from housing programs between 2023 and 2028 (units) 495
Eligible to expire from housing programs between 2029 and 2038 (properties) 6
Eligible to expire from housing programs between 2029 and 2038 (units) 1,494
Eligible to expire from housing programs in 2039 and later (properties) 18
Eligible to expire from housing programs in 2039 and later (units) 3,277

Land Use and Development

Indicator 2000 2006 2010 2019 2021 2022
Density
Population density (1,000 persons per square mile) 30.2 30.0 33.5 35.0
Development
Units authorized by new residential building permits 250 0 63 489 874 304
Units issued new certificates of occupancy 39 161 172 1,250 718 264

Neighborhood Services and Conditions

Indicator 2000 2006 2010 2019 2021 2022
Commute
Car-free commute (% of commuters) 64.1% 71.4% 67.0% 70.7% 64.1%
Mean travel time to work (minutes) 46.3 44.7 44.4 46.8 39.9
Crime and Incarceration
Serious crime rate (per 1,000 residents) 14.7 12.6 9.0 10.7 12.6
Serious crime rate, property (per 1,000 residents) 9.1 8.0 5.4 6.4 7.4
Serious crime rate, violent (per 1,000 residents) 5.6 4.7 3.7 4.3 5.2
Schools
Students performing at grade level in English language arts, 4th grade 50.5% 44.1%
Students performing at grade level in math, 4th grade 53.6% 52.0%

Renters

Indicator 2000 2006 2010 2019 2021 2022
Median Rent
Median rent, 2- and 3-bedrooms (2022$) $1,110 $1,340 $1,410
Median rent, all (2022$) $970 $980 $1,120 $1,200 $1,260
Median rent, recent movers (2022$) $1,390 $1,560 $1,810
Median rent, studios and 1-bedrooms (2022$) $920 $1,010 $1,100
Change in collected rent (2019-2020) 1.8%
Affordability
Rental units affordable at 30% AMI (% of recently available units) 17.3%
Rental units affordable at 80% AMI (% of recently available units) 74.6%
Rental units affordable at 120% AMI (% of recently available units) 100.0%
Rent Burden
Moderately rent-burdened households 23.1% 26.9% 30.6% 29.2%
Moderately rent-burdened households, low income 31.5% 34.3% 34.2%
Moderately rent-burdened households, moderate income 13.7% 8.6% 12.3%
Severely rent-burdened households 29.6% 27.0% 30.3% 31.2%
Severely rent-burdened households, low income 34.5% 37.0% 38.1%
Severely rent-burdened households, moderate income 0.0% 0.0% 0.0%
Rental Subsidy
Housing choice vouchers (% of occupied, privately owned rental units) 14.1% 16.7%
Public housing (% of rental units) 21.5%
DEMOGRAPHICS

In 2021, there were an estimated 120,401 people in Coney Island, of which 15.5% identified as Asian, 10.2% identified as Black, 16.3% identified as Hispanic, and 55.5% identified as white.

Graph showing the racial and ethnic composition of Coney Island in both 2000 and 2017-2021.
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In 2021, the household income group with the largest share (27.7%) of households was <= $20,000. In 2000, the same household income group had the largest share as well, with a slightly higher share of 29.6%.

Graph showing the distribution of household income in Coney Island in both 2000 and 2017-2021.
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Median household income in 2021 was $44,080, about 39% less than citywide median household income ($72,150). The poverty rate in Coney Island was 24.1% in 2021 compared to 18.0% citywide.

The poverty rate in Coney Island was 24.1% 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 Coney Island in both 2010 and 2017-2021.
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HOUSING

Renters

Real median gross rent in Coney Island increased from $980 in 2006 to $1,260 in 2021. This represents a 28.6% increase over the same period. As of 2021, the change in median household income outpaced the change in median gross rent by 11.7 percentage points. In 2021, 31.2% of renter households in Coney Island were severely rent burdened (spent more than 50% of household income on rent). 21.5% of the rental units were public housing rental units, as of 2022. The overall rental vacancy rate in Coney Island was 1.7% in 2021.

Real median gross rent in Coney Island increased from $980 in 2006 to $1,260 in 2021.
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Graph showing the change in real median gross rent and median renter household income in Coney Island from 2006 to 2021.
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21.5% of the rental units in Coney Island are public housing rental units in 2022.
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Homeowners

In 2021, the homeownership rate in Coney Island was 32.5%, which is lower than the citywide share of 33.3%. The homeownership rate in the neighborhood has increased by 2.3 percentage points since 2010. In 2021, the home purchase loan rate was 18.6 per 1,000 properties (owner-occupied 1-4 family buildings, condominiums, or cooperative apartments) and the refinance loan rate was 22.0 per 1,000 properties in the neighborhood. Out of all the first-time home purchase loans and refinance loans in Coney Island, 3.6% and 1.2% were high cost loans, respectively. 54 properties had a filing of mortgage foreclosure in Coney Island in 2022. There were 6.8 mortgage foreclosure actions initiated per 1,000 1-4 family properties and condominium units.

There were 6.8 mortgage foreclosure notices per 1,000 1-4 family properties and condominium units in Coney Island in 2022
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Development

The Department of Buildings issued new certificates of occupancy to 264 residential units in new buildings in Coney Island in 2022, 454 fewer than the number of units certified in 2021.

Department of Buildings issued new certificates of occupancy to 264 residential units in new buildings in Coney Island last year, the same as the number of units certified in 2022.
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Over the last decade, 1,627 units in 4+ unit buildings were built in Coney Island. 72% were market rate, compared to 25% 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 12.6 serious crimes per 1,000 residents in 2022, compared to 14.2 serious crimes per 1,000 residents citywide.

The serious crime rate was 12.6 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 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 2021 heading comes from 2017 – 2021 ACS .