Elmhurst/Corona Neighborhood Profile

Neighborhood Indicators

Demographics

Indicator	2000	2006	2010	2019	2021
Population
Born in New York State		30.0%	30.1%	30.9%	31.6%
Disabled population			5.7%	5.4%	4.9%
Foreign-born population	66.8%	66.3%	63.9%	65.1%	63.8%
Population	142,022	138,593	136,517	156,074	137,364
Population aged 65+	8.6%	9.8%	11.0%	12.1%	15.4%
Households
Households with children under 18 years old	41.8%	40.2%	36.4%	39.5%	31.1%
Single-person households		22.4%	24.6%	19.1%	25.6%
Race and Ethnicity
Percent Asian	28.2%	31.7%	35.3%	35.3%	31.8%
Percent Black	8.2%	5.8%	6.5%	3.7%	4.9%
Percent Hispanic	49.2%	51.8%	47.5%	53.5%	55.6%
Percent white	11.1%	9.4%	8.1%	5.3%	4.7%
Racial diversity index	0.66	0.62	0.64	0.58	0.58
Income and Poverty
Income diversity ratio		4.4	3.8	3.6	3.6
Median household income (2022$)	$63,080	$58,210	$53,160	$74,860	$67,330
Median household income, homeowners (2022$)		$81,810	$77,570	$93,800	$72,820
Median household income, renters (2022$)		$52,030	$46,900	$69,250	$62,840
Poverty rate	19.2%	18.8%	19.2%	10.2%	14.6%
Poverty rate, population aged 65+		22.7%	13.4%	15.2%	20.7%
Poverty rate, population under 18 years old		25.7%	26.3%	14.6%	17.1%
Labor Market
Labor force participation rate		64.4%	64.0%	69.1%	62.5%
Population aged 25+ without a high school diploma		31.5%	30.0%	24.7%	29.5%
Unemployment rate	9.26%	5.26%	8.46%	3.55%	9.87%

Housing Market and Conditions

Indicator	2000	2006	2010	2019	2021	2022
Housing Stock
Homeownership rate	21.8%	25.9%	27.6%	23.6%	24.8%
Housing units		48,387	47,382	48,372	48,614
Rental vacancy rate			2.7%	1.3%	1.3%
Serious housing code violations (per 1,000 privately owned rental units)		19.5	19.7	36.8	46.4	56.7
Severe crowding rate (% of renter households)			9.8%	11.3%	11.3%
Total housing code violations (per 1,000 privately owned rental units)		130.4	112.2	128.1	226.8	238.5
Finance - Distress
Notices of foreclosure rate (per 1,000 1-4 family and condo properties)	4.3	6.2	16.1	2.8	6.2	2.5
Notices of foreclosure, all residential properties	48	74	193	35	85	30
Notices of foreclosure, initial, 1-4 family and condo properties	33	65	147	13	59	17
Notices of foreclosure, repeat, 1-4 family and condo properties	11	4	37	20	16	13
Pre-foreclosure notice rate (per 1,000 1-4 family and condo properties)				26.3	13.0	24.6
Pre-foreclosure notices, 1-4 family and condo properties				311	159	300
Properties entering REO, 1-4 family	7	4	9
Finance - Lending
FHA/VA-backed home purchase loans (% of home purchase loans)		0.2%	9.3%	0.5%	2.2%
Higher-cost home purchase loans (% of home purchase loans)		22.5%	1.9%	2.6%	7.5%
Higher-cost refinance loans (% of refinance loans)		31.3%	1.5%	4.5%	2.7%
Home purchase loan rate (per 1,000 properties)		54.8	17.7	12.4	20.3
Home purchase loans in LMI tracts (% of home purchase loans)		69.1%	27.1%	74.4%	74.6%
Home purchase loans to LMI borrowers (% of home purchase loans)		9.8%	63.0%	13.6%	26.6%
Refinance loan rate (per 1,000 properties)		36.1	8.6	8.5	18.6
Sales - Volume
Sales volume, 1 family building	114	136	41	39	35	41
Sales volume, 2-4 family building	393	449	164	142	111	177
Sales volume, 5+ family building	30	40	12	14	15	16
Sales volume, condominium	59	146	117	70	59	133
Sales volume, all property types	596	771	334	265	220	367
Sales - Median Prices
Median sales price per unit, 1 family building (2022$)	$399,360	$784,140	$676,000	$914,270	$901,870	$870,000
Median sales price per unit, 2-4 family building (2022$)	$216,670	$428,600	$336,390	$485,010	$495,150	$493,330
Median sales price per unit, 5+ family building (2022$)	$127,010	$197,850	$178,760	$257,930	$227,360	$190,830
Median sales price per unit, condominium (2022$)	$220,450	$382,930	$374,070	$534,390	$503,990	$580,620
Sales - Housing Price Index
Index of housing price appreciation, 1 family building	100.0	234.2	189.6	329.0	396.7	421.2
Index of housing price appreciation, 2-4 family building	100.0	238.6	180.0	330.3	372.1	343.4
Index of housing price appreciation, 5+ family building	100.0	198.0	187.6	186.8	305.6	294.6
Index of housing price appreciation, condominium	100.0	259.4	241.7	423.9	433.4	439.1
Index of housing price appreciation, all property types	100.0	236.2	189.7	332.9	366.2	357.8
Subsidized Housing
Total number of subsidized properties (properties)						20
HUD Financing or Insurance (properties)						2
HUD Financing or Insurance (units)						151
HUD Project-based Rental Assistance Program (properties)						5
HUD Project-based Rental Assistance Program (units)						513
Low Income Housing Tax Credit (properties)						1
Low Income Housing Tax Credit (units)						68
Public Housing (properties)						0
Public Housing (units)						0
Mitchell-Lama (properties)						0
Mitchell-Lama (units)						0
421-a Tax Exemption (properties)						169
421-a Tax Exemption (units)						2,616
420-c Tax Exemption (properties)						1
420-c Tax Exemption (units)						68
NYC Housing Production Programs and Zoning Incentives or Requirements (properties)						11
Eligible to expire from housing programs between 2023 and 2028 (properties)						1
Eligible to expire from housing programs between 2023 and 2028 (units)						6
Eligible to expire from housing programs between 2029 and 2038 (properties)						0
Eligible to expire from housing programs between 2029 and 2038 (units)						0
Eligible to expire from housing programs in 2039 and later (properties)						6
Eligible to expire from housing programs in 2039 and later (units)						575

Land Use and Development

Indicator	2000	2006	2010	2019	2021	2022
Density
Population density (1,000 persons per square mile)		38.4	37.8	43.3	38.1
Development
Units authorized by new residential building permits	210	0	231	171	40	157
Units issued new certificates of occupancy	138	416	282	344	314	148

Neighborhood Services and Conditions

Indicator	2000	2006	2010	2019	2021	2022
Commute
Car-free commute (% of commuters)	70.7%	75.4%	74.7%	79.9%	78.7%
Mean travel time to work (minutes)	41.7	43.3	42.0	44.1	39.8
Crime and Incarceration
Serious crime rate (per 1,000 residents)		11.5	9.0	7.5	11.3	12.2
Serious crime rate, property (per 1,000 residents)		8.0	5.6	4.3	7.7	7.2
Serious crime rate, violent (per 1,000 residents)		3.6	3.4	3.3	3.6	5.0
Schools
Students performing at grade level in English language arts, 4th grade				44.3%		34.2%
Students performing at grade level in math, 4th grade				46.3%		30.5%

Renters

Indicator	2000	2006	2010	2019	2021	2022
Median Rent
Median rent, 2- and 3-bedrooms (2022$)			$1,730	$1,870	$1,780
Median rent, all (2022$)	$1,290	$1,520	$1,600	$1,820	$1,800
Median rent, recent movers (2022$)			$1,690	$1,860	$1,770
Median rent, studios and 1-bedrooms (2022$)			$1,400	$1,440	$1,370
Change in collected rent (2019-2020)					2.2%
Affordability
Rental units affordable at 30% AMI (% of recently available units)			2.2%	3.2%	3.2%
Rental units affordable at 80% AMI (% of recently available units)			56.6%	61.1%	61.1%
Rental units affordable at 120% AMI (% of recently available units)			98.4%	99.3%	99.3%
Rent Burden
Moderately rent-burdened households		29.2%	24.3%	26.1%	23.7%
Moderately rent-burdened households, low income			36.4%	34.6%	34.6%
Moderately rent-burdened households, moderate income			10.1%	10.5%	10.5%
Severely rent-burdened households	22.8%		33.2%	33.3%	31.6%
Severely rent-burdened households, low income			47.3%	43.4%	43.4%
Severely rent-burdened households, moderate income			0.3%	0.2%	0.2%
Rental Subsidy
Housing choice vouchers (% of occupied, privately owned rental units)			2.1%	1.6%
Public housing (% of rental units)						0.0%

DEMOGRAPHICS

In 2021, there were an estimated 137,364 people in Elmhurst/Corona, of which 31.8% identified as Asian, 4.9% identified as Black, 55.6% identified as Hispanic, and 4.7% identified as white.

Graph showing the racial and ethnic composition of Elmhurst/Corona in both 2000 and 2017-2021.

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In 2021, the household income group with the largest share (25.8%) of households was $60,001 - $100,000. In 2000, the household income group with the largest share (24.9%) of households was $100,001 - $250,000.

Graph showing the distribution of household income in Elmhurst/Corona in both 2000 and 2017-2021.

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Median household income in 2021 was $67,330, about 7% less than citywide median household income ($72,150). The poverty rate in Elmhurst/Corona was 14.6% in 2021 compared to 18.0% citywide.

The poverty rate in Elmhurst/Corona was 14.6% 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 Elmhurst/Corona in both 2010 and 2017-2021.

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HOUSING

Renters

Real median gross rent in Elmhurst/Corona increased from $1,520 in 2006 to $1,800 in 2021. This represents a 18.4% increase over the same period. As of 2021, the change in median household income outpaced the change in median gross rent by 2.4 percentage points. In 2021, 31.6% of renter households in Elmhurst/Corona were severely rent burdened (spent more than 50% of household income on rent). 63.0% of the rental units were affordable at 80% Area Median Income, 6 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 Elmhurst/Corona was 1.3% in 2021.

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Graph showing the change in real median gross rent and median renter household income in Elmhurst/Corona from 2006 to 2021.

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None of the rental units in Elmhurst/Corona are public housing rental units in 2022.

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Homeowners

In 2021, the homeownership rate in Elmhurst/Corona was 24.8%, which is lower than the citywide share of 33.3%. The homeownership rate in the neighborhood has decreased by 2.8 percentage points since 2010. In 2021, the home purchase loan rate was 20.3 per 1,000 properties (owner-occupied 1-4 family buildings, condominiums, or cooperative apartments) and the refinance loan rate was 18.6 per 1,000 properties in the neighborhood. Out of all the first-time home purchase loans and refinance loans in Elmhurst/Corona, 7.5% and 2.7% were high cost loans, respectively. 30 properties had a filing of mortgage foreclosure in Elmhurst/Corona in 2022. There were 2.5 mortgage foreclosure actions initiated per 1,000 1-4 family properties and condominium units.

There were 2.5 mortgage foreclosure notices per 1,000 1-4 family properties and condominium units in Elmhurst/Corona in 2022

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Development

The Department of Buildings issued new certificates of occupancy to 148 residential units in new buildings in Elmhurst/Corona in 2022, 166 fewer than the number of units certified in 2021.

Department of Buildings issued new certificates of occupancy to 148 residential units in new buildings in Elmhurst/Corona last year, the same as the number of units certified in 2022.

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Over the last decade, 1,590 units in 4+ unit buildings were built in Elmhurst/Corona. 94% were market rate, compared to 5% 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 12.2 serious crimes per 1,000 residents in 2022, compared to 14.2 serious crimes per 1,000 residents citywide.

The serious crime rate was 12.2 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 .