NYU Furman Center

State of New York City’s Housing & Neighborhoods

State of the City 2019

Greenpoint/Williamsburg BK01

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DEMOGRAPHICS
In 2018, there were about 162,381 people in Greenpoint/Williamsburg, with 6.1% of the population identified as Asian, 3.9% identified as black, 20.7% identified as Hispanic, and 65.9% identified as white. Median household income in 2018 was $81,990, about 26% more than citywide median household income ($64,850). The poverty rate in Greenpoint/Williamsburg was 23.7% in 2018 compared to 17.3% citywide.

Poverty Rate, 2018

The poverty rate in Greenpoint/Williamsburg was 23.7% 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 Greenpoint/Williamsburg increased from $1,030 in 2006 to $1,880 in 2018. In 2018, 26.7% of renter households in Greenpoint/Williamsburg were severely rent burdened (spent more than 50% of household income on rent). 21.8% of the rental units are affordable at the 80% Area Median Income, 15 percentage points lower than the share in 2010. 6.6% of the rental units are public housing rental units in 2018. The overall rental vacancy rate in Greenpoint/Williamsburg was 2.6%.

Real Median Gross Rent 2006 - 2018 (2019$)

Real median gross rent in Greenpoint/Williamsburg increased from $1,030 in 2006 to $1,880 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

6.6% of the rental units in Greenpoint/Williamsburg 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 Greenpoint/Williamsburg was 15.8%, lower than the citywide share of 32.8%. The homeownership rate in the neighborhood has decreased by 1.9 percentage points since 2010. In 2018, the home purchase loan rate was 21.7 per 1,000 properties (owner-occupied 1-4 family buildings, condominiums, or cooperative apartments) and the refinance loan rate was 10.2 per 1,000 properties in the neighborhood. 79 properties had a filing of mortgage foreclosure in Greenpoint/Williamsburg in 2018. There were 4.2 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 4.2 mortgage foreclosure actions initiated per 1,000 1-4 family properties and condominium units in Greenpoint/Williamsburg in 2018.
Sources: Home Mortgage Disclosure Act, NYU Furman Center
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Development
In 2019, there were 568 units authorized by new residential building permits, which is 6.0% of total new units in Brooklyn, and 2.1% of the citywide total, in Greenpoint/Williamsburg. Department of Buildings issued new certificates of occupancy to 1,984 residential units in new buildings in Greenpoint/Williamsburg last year, 488 less 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 `1,984 residential units in new buildings in Greenpoint/Williamsburg last year, `488 less 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, 57.8% of 4th grade students attending schools in Greenpoint/Williamsburg performed at grade level in math, compared to 52.3% in Brooklyn, and 49.4% citywide; 54.6% of Greenpoint/Williamsburg 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 11.4 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 11.4 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: BK01 Greenpoint/Williamsburg

Demographics

Indicator 2000 2006 2010 2018 2019 Rank (2000) Rank (18/19)
Population
Born in New York State 50.8% 52.0% 51.8% 16
Disabled population 5.0% 5.9% 35
Foreign-born population 33.5% 29.1% 25.8% 20.0% 32 51
Population 142,098 141,513 146,253 162,381
Population aged 65+ 9.9% 12.5% 9.1% 9.4% 35 52
Households
Households with children under 18 years old 35.0% 24.2% 25.2% 23.9% 32 45
Single-person households 35.0% 31.3% 27.3% 35
Race and Ethnicity
Percent Asian 3.9% 5.2% 5.2% 6.1% 35 36
Percent Black 4.0% 2.3% 2.6% 3.9% 40 40
Percent Hispanic 34.1% 26.8% 30.0% 20.7% 19 31
Percent white 52.5% 64.0% 60.7% 65.9% 17 7
Racial diversity index 0.61 0.52 0.54 0.52 21 41
Income and Poverty
Income diversity ratio 7.0 6.5 8.1 5
Median household income (2019$) $42,430 $40,720 $48,360 $81,990 45 13
Median household income, homeowners (2019$) $64,490 $83,550 $127,140 11
Median household income, renters (2019$) $36,220 $42,830 $74,440 9
Poverty rate 33.8% 35.2% 26.5% 23.7% 11 15
Poverty rate, population aged 65+ 26.5% 28.7% 29.5% 10
Poverty rate, population under 18 years old 58.2% 40.9% 40.9% 6
Labor Market
Labor force participation rate 57.7% 66.4% 71.4% 6
Population aged 25+ without a high school diploma 32.7% 21.1% 17.5% 29
Unemployment rate 9.77% 6.13% 8.20% 2.45% 26 55

Housing Market and Conditions

Indicator 2000 2006 2010 2018 2019 Rank (2000) Rank (18/19)
Housing Stock
Homeownership rate 14.5% 18.1% 17.7% 15.8% 44 44
Housing units 55,769 65,586 71,130 12
Rental vacancy rate 3.0% 2.6% 34
Serious housing code violations (per 1,000 privately owned rental units) 23.3 29.3 28.5 45.0 36
Severe crowding rate (% of renter households) 9.7% 3.8% 27
Total housing code violations (per 1,000 privately owned rental units) 130.3 131.3 173.6 196.8 34
Finance - Distress
Notices of foreclosure rate (per 1,000 1-4 family and condo properties) 5.2 5.2 11.9 4.2 35 38
Notices of foreclosure, all residential properties 56 70 211 79 33 29
Notices of foreclosure, initial, 1-4 family and condo properties 27 37 143 32 39 28
Notices of foreclosure, repeat, 1-4 family and condo properties 7 14 25 36 40 30
Pre-foreclosure notice rate (per 1,000 1-4 family and condo properties) 20.7 17.2 48
Pre-foreclosure notices, 1-4 family and condo properties 339 281 31
Properties entering REO, 1-4 family 5 0 0 28
Finance - Lending
FHA/VA-backed home purchase loans (% of home purchase loans) 0.0% 17.3% 0.2% 40
Higher-cost home purchase loans (% of home purchase loans) 0.0% 0.4%
Higher-cost refinance loans (% of refinance loans) 0.0% 1.7%
Home purchase loan rate (per 1,000 properties) 40.1 40.4 21.7 20
Home purchase loans in LMI tracts (% of home purchase loans) 59.5% 48.3% 24.2% 34
Home purchase loans to LMI borrowers (% of home purchase loans) 2.4% 4.8% 2.4% 47
Refinance loan rate (per 1,000 properties) 23.1 10.3 10.2 30
Sales - Volume
Sales volume, 1 family building 12 16 12 10 43 48
Sales volume, 2-4 family building 131 163 74 120 36 31
Sales volume, 5+ family building 63 80 53 60 5 3
Sales volume, all property types 278 997 900 744 40 10
Sales volume, condominium 72 738 761 554 15 5
Sales - Median Prices
Median sales price per unit, 1 family building (2019$) $354,610 $737,110 $769,130 $1,840,000 26 13
Median sales price per unit, 2-4 family building (2019$) $159,940 $356,460 $320,940 $735,620 39 12
Median sales price per unit, 5+ family building (2019$) $56,230 $154,980 $142,010 $349,480 41 11
Median sales price per unit, condominium (2019$) $397,840 $626,120 $575,990 $962,000 10 12
Sales - Housing Price Index
Index of housing price appreciation, 1 family building 100.0 237.7 275.7 545.8 1 6
Index of housing price appreciation, 2-4 family building 100.0 274.0 227.7 708.5 1 3
Index of housing price appreciation, 5+ family building 100.0 285.8 335.3 792.5 1 9
Index of housing price appreciation, all property types 100.0 262.2 236.1 487.4 1 5
Index of housing price appreciation, condominium 100.0 327.4 411.6 1 11
Subsidized Housing
Total number of subsidized properties (properties) 326 14
HUD Financing or Insurance (properties) 4 20
HUD Financing or Insurance (units) 1,436 2
HUD Project-based Rental Assistance Program (properties) 15 15
HUD Project-based Rental Assistance Program (units) 1,366 16
Low Income Housing Tax Credit (properties) 32 17
Low Income Housing Tax Credit (units) 3,512 15
Public Housing (properties) 35 6
Public Housing (units) 6,896 12
Mitchell-Lama (properties) 11 8
Mitchell-Lama (units) 4,021 8
421-a Tax Exemption (properties) 324 1
421-a Tax Exemption (units) 8,445 2
420-c Tax Exemption (properties) 59 12
420-c Tax Exemption (units) 1,321 18
NYC Housing Production Programs and Zoning Incentives or Requirements (properties) 154 13
Eligible to expire from housing programs between 2020 and 2025 (properties) 11 13
Eligible to expire from housing programs between 2020 and 2025 (units) 404 27
Eligible to expire from housing programs between 2026 and 2035 (properties) 15 16
Eligible to expire from housing programs between 2026 and 2035 (units) 1,096 22
Eligible to expire from housing programs in 2036 and later (properties) 25 16
Eligible to expire from housing programs in 2036 and later (units) 6,100 4

Land Use and Development

Indicator 2000 2006 2010 2018 2019 Rank (2000) Rank (18/19)
Density
Population density (1,000 persons per square mile) 34.3 35.5 39.4 29
Development
Units authorized by new residential building permits 757 1,570 228 1,097 568 6 16
Units issued new certificates of occupancy 114 942 2,487 2,472 1,984 26 1

Neighborhood Services and Conditions

Indicator 2000 2006 2010 2018 2019 Rank (2000) Rank (18/19)
Commute
Car-free commute (% of commuters) 76.6% 79.3% 85.2% 85.0% 13 11
Mean travel time to work (minutes) 35.3 33.4 31.5 34.6 48 49
Crime and Incarceration
Serious crime rate (per 1,000 residents) 17.2 15.3 13.5 11.4 24
Serious crime rate, property (per 1,000 residents) 12.3 10.7 10.1 8.2 14
Serious crime rate, violent (per 1,000 residents) 4.9 4.6 3.5 3.2 35
Schools
Students performing at grade level in English language arts, 4th grade 51.8% 54.6% 27
Students performing at grade level in math, 4th grade 49.3% 57.8% 23

Renters

Indicator 2000 2006 2010 2018 2019 Rank (2000) Rank (18/19)
Median Rent
Median rent, 2- and 3-bedrooms (2019$) $1,210 $1,720 13
Median rent, all (2019$) $910 $1,030 $1,230 $1,880 44 9
Median rent, recent movers (2019$) $1,800 $2,660 5
Median rent, studios and 1-bedrooms (2019$) $1,230 $1,940 8
Median rent, asking $2,500 $2,950 9
Affordability
Rental units affordable at 30% AMI (% of recently available units) 7.6% 5.6% 24
Rental units affordable at 80% AMI (% of recently available units) 36.9% 21.8% 41
Rental units affordable at 120% AMI (% of recently available units) 74.3% 50.7% 41
Rent Burden
Moderately rent-burdened households 24.8% 21.9% 22.3% 39
Moderately rent-burdened households, low income 27.3% 26.7% 48
Moderately rent-burdened households, moderate income 32.7% 36.6% 9
Severely rent-burdened households 23.7% 27.6% 26.7% 26 40
Severely rent-burdened households, low income 44.6% 48.5% 14
Severely rent-burdened households, moderate income 4.2% 8.4% 6
Rental Subsidy
Housing choice vouchers (% of occupied, privately owned rental units) 8.6% 8.1% 17
Public housing (% of rental units) 6.6% 27

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.