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Crown Heights/Prospect Heights BK08

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DEMOGRAPHICS

In 2019, there were an estimated 128,327 people in Crown Heights/Prospect Heights, of which 3.2% of the population identified as Asian, 48.8% identified as Black, 14.1% identified as Hispanic, and 30.8% identified as white.

 

Graph showing the racial and ethnic composition of Crown Heights/Prospect Heights in both 2000 and 2015-2019.
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In 2019, the household income group with the largest share (25.4%) of households is $100,001 - $250,000. In 2000, the household income group had the largest share (24.3%) of households is <= $20,000.

Graph showing the distribution of household income in Crown Heights/Prospect Heights in both 2000 and 2015-2019.
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Median household income in 2019 was $75,700, about 7% more than citywide median household income ($70,590). The poverty rate in Crown Heights/Prospect Heights was 15.9% in 2019 compared to 16.0% citywide.

The poverty rate in Crown Heights/Prospect Heights was 15.9% in 2019 compared to 16.0% citywide.
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HOUSING

Renters

 

Real median gross rent in Crown Heights/Prospect Heights increased from $1,100 in 2006 to $1,580 in 2019. In 2019, 26.8% of renter households in Crown Heights/Prospect Heights were severely rent burdened (spent more than 50% of household income on rent). 37.2% of the rental units are affordable at the 80% Area Median Income, 26 percentage points lower than the share in 2010. 8.4% of the rental units are public housing rental units in 2020. The overall rental vacancy rate in Crown Heights/Prospect Heights was 3.3%.

 

Real median gross rent in Crown Heights/Prospect Heights increased from $1,090 in 2007 to $1,580 in 2019.
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8.4% of the rental units in Crown Heights/Prospect Heights are public housing rental units in 2020.
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Homeowners

In 2019, the homeownership rate in Crown Heights/Prospect Heights was 21.4%, lower than the citywide share of 31.9%. The homeownership rate in the neighborhood has increased by 2.1 percentage points since 2010. In 2019, the home purchase loan rate was 27.8 per 1,000 properties (owner-occupied 1-4 family buildings, condominiums, or cooperative apartments) and the refinance loan rate was 23.2 per 1,000 properties in the neighborhood. Out of all the first-time home purchase loans and refinance loans in Crown Heights/Prospect Heights, 2.1% and 3.9% were high cost loans, respectively. 54 properties had a filing of mortgage foreclosure in Crown Heights/Prospect Heights in 2020. There were 7.0 mortgage foreclosure actions initiated per 1,000 1-4 family properties and condominium units.

 

There were 7.0 mortgage foreclosure notices per 1,000 1-4 family properties and condominium units in Crown Heights/Prospect Heights in 2020
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Development

Department of Buildings issued new certificates of occupancy to 257 residential units in new buildings in Crown Heights/Prospect Heights last year, 31 less than the number of units certified in 2019.

 

Department of Buildings issued new certificates of occupancy to 231 residential units in new buildings in Crown Heights/Prospect Heights last year, 57 less than the number of units certified in 2019.
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NEIGHBORHOOD SERVICES AND CONDITIONS

The serious crime rate was 10.7 serious crimes per 1,000 residents in 2020, compared to 11.6 serious crimes per 1,000 residents citywide.

The serious crime rate was 10.7 serious crimes per 1,000 residents in 2020, compared to 11.6 serious crimes per 1,000 residents citywide.
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Neighborhood Indicators: BK08 Crown Heights/Prospect Heights

Demographics

Indicator 2000 2006 2010 2019 2020 Rank (2000) Rank (19/20)
Population
Born in New York State 50.5% 48.5% 48.5% 27
Disabled population 5.0% 7.0% 28
Foreign-born population 30.7% 32.2% 30.1% 23.7% 36 46
Population 123,117 127,013 119,323 128,327
Population aged 65+ 9.6% 9.5% 9.1% 13.6% 40 35
Households
Households with children under 18 years old 38.2% 35.1% 30.7% 21.9% 28 43
Single-person households 32.2% 33.2% 33.4% 22
Race and Ethnicity
Percent Asian 1.5% 2.0% 3.3% 3.2% 47 44
Percent Black 78.1% 73.5% 61.6% 48.8% 3 10
Percent Hispanic 9.8% 9.8% 13.7% 14.1% 44 40
Percent white 7.4% 12.5% 19.0% 30.8% 42 25
Racial diversity index 0.37 0.43 0.56 0.65 50 19
Income and Poverty
Income diversity ratio 6.9 6.3 7.1 8
Median household income (2020$) $47,950 $49,380 $45,310 $75,700 38 22
Median household income, homeowners (2020$) $91,140 $89,990 $141,720 8
Median household income, renters (2020$) $40,290 $41,270 $62,570 20
Poverty rate 28.2% 22.9% 25.9% 15.9% 19 23
Poverty rate, population aged 65+ 26.2% 15.7% 17.1% 29
Poverty rate, population under 18 years old 32.8% 42.5% 19.2% 24
Labor Market
Labor force participation rate 65.9% 66.4% 67.9% 15
Population aged 25+ without a high school diploma 20.0% 16.1% 11.1% 45
Unemployment rate 14.67% 12.74% 10.09% 4.12% 13 34

Housing Market and Conditions

Indicator 2000 2006 2010 2019 2020 Rank (2000) Rank (19/20)
Housing Stock
Homeownership rate 16.0% 20.0% 19.3% 21.4% 42 39
Housing units 54,172 56,344 60,403 27
Rental vacancy rate 5.3% 3.3% 23
Serious housing code violations (per 1,000 privately owned rental units) 156.8 111.1 143.0 109.7 15
Severe crowding rate (% of renter households) 2.7% 2.4% 49
Total housing code violations (per 1,000 privately owned rental units) 699.6 422.9 541.5 377.5 9
Finance - Distress
Notices of foreclosure rate (per 1,000 1-4 family and condo properties) 26.5 28.8 37.5 11.7 7.0 4 9
Notices of foreclosure, all residential properties 175 184 294 97 54 16 21
Notices of foreclosure, initial, 1-4 family and condo properties 88 120 132 37 19 18 21
Notices of foreclosure, repeat, 1-4 family and condo properties 26 27 88 42 29 15 22
Pre-foreclosure notice rate (per 1,000 1-4 family and condo properties) 48.0 25.7 26
Pre-foreclosure notices, 1-4 family and condo properties 324 177 32
Properties entering REO, 1-4 family 18 5 6 14
Finance - Lending
FHA/VA-backed home purchase loans (% of home purchase loans) 0.7% 34.0% 2.9% 25
Higher-cost home purchase loans (% of home purchase loans) 32.1% 0.3% 2.1% 34
Higher-cost refinance loans (% of refinance loans) 40.4% 2.7% 3.9% 17
Home purchase loan rate (per 1,000 properties) 64.3 30.3 27.8 3
Home purchase loans in LMI tracts (% of home purchase loans) 68.9% 3.8% 38.7% 25
Home purchase loans to LMI borrowers (% of home purchase loans) 2.1% 59.0% 1.2% 49
Refinance loan rate (per 1,000 properties) 73.1 22.5 23.2 12
Sales - Volume
Sales volume, 1 family building 11 28 11 10 12 47 40
Sales volume, 2-4 family building 168 306 90 74 66 31 31
Sales volume, 5+ family building 59 83 38 16 18 6 10
Sales volume, all property types 263 547 301 240 267 43 34
Sales volume, condominium 25 130 162 140 171 29 16
Sales - Median Prices
Median sales price per unit, 1 family building (2020$) $310,050 $727,490 $409,940 $1,525,650 $2,200,000 37 8
Median sales price per unit, 2-4 family building (2020$) $153,990 $341,850 $255,480 $486,300 $600,000 43 15
Median sales price per unit, 5+ family building (2020$) $61,040 $106,830 $89,960 $233,510 $203,100 37 30
Median sales price per unit, condominium (2020$) $159,680 $537,890 $511,620 $1,156,950 $1,209,000 42 9
Sales - Housing Price Index
Index of housing price appreciation, 1 family building 100.0 304.7 177.9 689.9 626.7 4
Index of housing price appreciation, 2-4 family building 100.0 257.5 164.4 312.3 377.9 14
Index of housing price appreciation, 5+ family building 100.0 236.0 219.0 617.7 825.1 6
Index of housing price appreciation, all property types 100.0 248.8 189.8 393.8 425.7 9
Index of housing price appreciation, condominium 100.0 249.1 231.0 461.5 436.8 9
Subsidized Housing
Total number of subsidized properties (properties) 442 10
HUD Financing or Insurance (properties) 9 15
HUD Financing or Insurance (units) 193 31
HUD Project-based Rental Assistance Program (properties) 36 9
HUD Project-based Rental Assistance Program (units) 1,583 21
Low Income Housing Tax Credit (properties) 68 14
Low Income Housing Tax Credit (units) 1,652 30
Public Housing (properties) 35 6
Public Housing (units) 3,457 20
Mitchell-Lama (properties) 2 27
Mitchell-Lama (units) 240 38
421-a Tax Exemption (properties) 105 15
421-a Tax Exemption (units) 3,382 16
420-c Tax Exemption (properties) 114 6
420-c Tax Exemption (units) 2,174 13
NYC Housing Production Programs and Zoning Incentives or Requirements (properties) 174 9
Eligible to expire from housing programs between 2020 and 2025 (properties) 30 3
Eligible to expire from housing programs between 2020 and 2025 (units) 1,135 12
Eligible to expire from housing programs between 2026 and 2035 (properties) 46 6
Eligible to expire from housing programs between 2026 and 2035 (units) 917 27
Eligible to expire from housing programs in 2036 and later (properties) 23 21
Eligible to expire from housing programs in 2036 and later (units) 1,061 30

Land Use and Development

Indicator 2000 2006 2010 2019 2020 Rank (2000) Rank (19/20)
Density
Population density (1,000 persons per square mile) 57.2 53.7 57.8 13
Development
Units authorized by new residential building permits 152 435 10 310 946 26 4
Units issued new certificates of occupancy 17 310 197 288 257 55 29

Neighborhood Services and Conditions

Indicator 2000 2006 2010 2019 2020 Rank (2000) Rank (19/20)
Commute
Car-free commute (% of commuters) 78.8% 79.8% 86.8% 85.4% 11 14
Mean travel time to work (minutes) 45.0 40.5 39.4 43.6 14 31
Crime and Incarceration
Serious crime rate (per 1,000 residents) 14.7 14.0 10.4 10.7 27
Serious crime rate, property (per 1,000 residents) 8.1 7.7 5.6 5.9 37
Serious crime rate, violent (per 1,000 residents) 6.6 6.3 4.8 4.7 23
Schools
Students performing at grade level in English language arts, 4th grade 51.6% 32
Students performing at grade level in math, 4th grade 45.5% 35

Renters

Indicator 2000 2006 2010 2019 2020 Rank (2000) Rank (19/20)
Median Rent
Median rent, 2- and 3-bedrooms (2020$) $1,210 $1,420 39
Median rent, all (2020$) $930 $1,100 $1,250 $1,580 44 23
Median rent, recent movers (2020$) $1,490 $2,060 11
Median rent, studios and 1-bedrooms (2020$) $1,130 $1,260 30
Median rent, asking $1,870
Affordability
Rental units affordable at 30% AMI (% of recently available units) 11.9% 5.8% 27
Rental units affordable at 80% AMI (% of recently available units) 63.1% 37.2% 35
Rental units affordable at 120% AMI (% of recently available units) 92.9% 84.0% 36
Rent Burden
Moderately rent-burdened households 23.5% 29.2% 22.7% 35
Moderately rent-burdened households, low income 29.4% 32.1% 21
Moderately rent-burdened households, moderate income 19.2% 23.3% 16
Severely rent-burdened households 24.7% 27.7% 26.8% 23 36
Severely rent-burdened households, low income 42.7% 42.9% 33
Severely rent-burdened households, moderate income 0.2% 1.0% 19
Rental Subsidy
Housing choice vouchers (% of occupied, privately owned rental units) 6.8% 5.3% 25
Public housing (% of rental units) 8.4% 25

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 and data under the 2019 heading comes from the 2015 – 2019 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.