State of the City 2019
DEMOGRAPHICS
In 2018, there were about 151,979 people in Greenwich Village/Soho, with 14.5% of the population identified as Asian, 1.7% identified as black, 7.4% identified as Hispanic, and 72.6% identified as white. Median household income in 2018 was $150,600, about 132% more than citywide median household income ($64,850). The poverty rate in Greenwich Village/Soho was 6.6% in 2018 compared to 17.3% citywide.
HOUSING
Renters
Real median gross rent in Greenwich Village/Soho increased from $2,220 in 2006 to $2,690 in 2018. In 2018, 17.6% of renter households in Greenwich Village/Soho were severely rent burdened (spent more than 50% of household income on rent). 15.9% of the rental units are affordable at the 80% Area Median Income, 5 percentage points higher than the share in 2010. None of the rental units are public housing rental units in 2018. The overall rental vacancy rate in Greenwich Village/Soho was 5.1%.
Homeowners
In 2018, the homeownership rate in Greenwich Village/Soho was 31.6%, lower than the citywide share of 32.8%. The homeownership rate in the neighborhood has increased by 6.3 percentage points since 2010. In 2018, the home purchase loan rate was 17.9 per 1,000 properties (owner-occupied 1-4 family buildings, condominiums, or cooperative apartments) and the refinance loan rate was 9.1 per 1,000 properties in the neighborhood. 16 properties had a filing of mortgage foreclosure in Greenwich Village/Soho in 2018. There were 1.7 mortgage foreclosure actions initiated per 1,000 1-4 family properties and condominium units.
Development
In 2019, there were 127 units authorized by new residential building permits, which is 2.3% of total new units in Manhattan, and 0.5% of the citywide total, in Greenwich Village/Soho. Department of Buildings issued new certificates of occupancy to 239 residential units in new buildings in Greenwich Village/Soho last year, 124 more than the number of units certified in 2018.
NEIGHBORHOOD SERVICES AND CONDITIONS
In 2019, 85.8% of 4th grade students attending schools in Greenwich Village/Soho performed at grade level in math, compared to 56.3% in Manhattan, and 49.4% citywide; 80.3% of Greenwich Village/Soho 4th graders performed at grade level in English language arts, compared to 59.2% in Manhattan, and 49.6% citywide. The serious crime rate was 26.7 serious crimes per 1,000 residents in 2019, compared to 11.3 serious crimes per 1,000 residents citywide.
| Indicator | 2000 | 2006 | 2010 | 2018 | 2019 | Rank (2000) | Rank (18/19) |
|---|---|---|---|---|---|---|---|
| Population | |||||||
| Born in New York State | 38.8% | 34.7% | 40.5% | 43 | |||
| Disabled population | 3.1% | 2.3% | 55 | ||||
| Foreign-born population | 23.3% | 25.9% | 23.1% | 21.2% | 43 | 49 | |
| Population | 125,567 | 147,198 | 144,944 | 151,979 | |||
| Population aged 65+ | 10.5% | 9.8% | 11.2% | 13.9% | 32 | 28 | |
| Households | |||||||
| Households with children under 18 years old | 11.4% | 13.9% | 12.7% | 17.0% | 53 | 51 | |
| Single-person households | 51.4% | 49.4% | 47.1% | 4 | |||
| Race and Ethnicity | |||||||
| Percent Asian | 14.5% | 19.2% | 14.6% | 14.5% | 11 | 19 | |
| Percent Black | 3.1% | 2.7% | 2.4% | 1.7% | 44 | 50 | |
| Percent Hispanic | 5.9% | 4.9% | 5.6% | 7.4% | 53 | 53 | |
| Percent white | 73.6% | 71.5% | 73.2% | 72.6% | 6 | 4 | |
| Racial diversity index | 0.43 | 0.45 | 0.44 | 0.45 | 42 | 48 | |
| Income and Poverty | |||||||
| Income diversity ratio | 6.7 | 6.0 | 6.5 | 17 | |||
| Median household income (2019$) | $108,750 | $119,570 | $117,930 | $150,600 | 2 | 1 | |
| Median household income, homeowners (2019$) | $191,370 | $178,130 | $190,720 | 3 | |||
| Median household income, renters (2019$) | $99,340 | $106,500 | $140,090 | 1 | |||
| Poverty rate | 9.9% | 11.9% | 9.9% | 6.6% | 49 | 53 | |
| Poverty rate, population aged 65+ | 23.4% | 8.7% | 14.6% | 38 | |||
| Poverty rate, population under 18 years old | 15.3% | 7.5% | 0.8% | 55 | |||
| Labor Market | |||||||
| Labor force participation rate | 75.5% | 77.6% | 76.9% | 1 | |||
| Population aged 25+ without a high school diploma | 7.5% | 5.2% | 4.9% | 52 | |||
| Unemployment rate | 5.78% | 4.77% | 6.08% | 3.66% | 46 | 48 | |
| Indicator | 2000 | 2006 | 2010 | 2018 | 2019 | Rank (2000) | Rank (18/19) |
|---|---|---|---|---|---|---|---|
| Housing Stock | |||||||
| Homeownership rate | 25.9% | 29.8% | 25.3% | 31.6% | 30 | 28 | |
| Housing units | 81,238 | 89,353 | 93,773 | 5 | |||
| Rental vacancy rate | 5.0% | 5.1% | 7 | ||||
| Serious housing code violations (per 1,000 privately owned rental units) | 22.6 | 13.9 | 28.0 | 29.9 | 44 | ||
| Severe crowding rate (% of renter households) | 3.2% | 3.8% | 27 | ||||
| Total housing code violations (per 1,000 privately owned rental units) | 95.3 | 79.5 | 136.7 | 115.5 | 44 | ||
| Finance - Distress | |||||||
| Notices of foreclosure rate (per 1,000 1-4 family and condo properties) | 1.2 | 1.8 | 2.4 | 1.7 | 57 | 56 | |
| Notices of foreclosure, all residential properties | 4 | 11 | 21 | 16 | 59 | 55 | |
| Notices of foreclosure, initial, 1-4 family and condo properties | 3 | 8 | 14 | 6 | 58 | 53 | |
| Notices of foreclosure, repeat, 1-4 family and condo properties | 1 | 3 | 3 | 7 | 55 | 55 | |
| Pre-foreclosure notice rate (per 1,000 1-4 family and condo properties) | 11.8 | 11.5 | 52 | ||||
| Pre-foreclosure notices, 1-4 family and condo properties | 89 | 87 | 54 | ||||
| Properties entering REO, 1-4 family | 0 | 0 | 0 | 50 | |||
| Finance - Lending | |||||||
| FHA/VA-backed home purchase loans (% of home purchase loans) | 0.0% | 0.3% | 0.0% | 42 | |||
| Higher-cost home purchase loans (% of home purchase loans) | 0.0% | 1.2% | |||||
| Higher-cost refinance loans (% of refinance loans) | 0.0% | 0.5% | |||||
| Home purchase loan rate (per 1,000 properties) | 50.1 | 23.9 | 17.9 | 34 | |||
| Home purchase loans in LMI tracts (% of home purchase loans) | 3.4% | 0.8% | 2.5% | 48 | |||
| Home purchase loans to LMI borrowers (% of home purchase loans) | 1.3% | 0.3% | 1.1% | 53 | |||
| Refinance loan rate (per 1,000 properties) | 14.8 | 31.9 | 9.1 | 35 | |||
| Sales - Volume | |||||||
| Sales volume, 1 family building | 6 | 13 | 15 | 16 | 49 | 44 | |
| Sales volume, 2-4 family building | 22 | 17 | 11 | 14 | 50 | 49 | |
| Sales volume, 5+ family building | 26 | 62 | 23 | 20 | 17 | 27 | |
| Sales volume, all property types | 271 | 521 | 526 | 400 | 41 | 38 | |
| Sales volume, condominium | 217 | 429 | 477 | 350 | 9 | 10 | |
| Sales - Median Prices | |||||||
| Median sales price per unit, 1 family building (2019$) | $2,399,040 | $6,261,380 | $7,742,390 | $9,842,890 | 4 | 3 | |
| Median sales price per unit, 2-4 family building (2019$) | $1,611,860 | $2,107,790 | $1,107,680 | $3,935,170 | 2 | 2 | |
| Median sales price per unit, 5+ family building (2019$) | $330,700 | $359,310 | $681,650 | $722,320 | 2 | 3 | |
| Median sales price per unit, condominium (2019$) | $1,012,100 | $1,563,490 | $1,976,780 | $3,225,000 | 1 | 1 | |
| Sales - Housing Price Index | |||||||
| Index of housing price appreciation, 1 family building | 100.0 | 169.7 | 218.8 | 329.0 | 1 | 16 | |
| Index of housing price appreciation, 2-4 family building | 100.0 | 130.9 | 127.0 | 324.8 | 1 | 22 | |
| Index of housing price appreciation, 5+ family building | 100.0 | 246.2 | 253.7 | 555.7 | 1 | 27 | |
| Index of housing price appreciation, all property types | 100.0 | 205.9 | 205.9 | 317.1 | 1 | 27 | |
| Index of housing price appreciation, condominium | 100.0 | 203.8 | 203.6 | 281.2 | 1 | 34 | |
| Subsidized Housing | |||||||
| Total number of subsidized properties (properties) | 15 | 47 | |||||
| HUD Financing or Insurance (properties) | 1 | 38 | |||||
| HUD Financing or Insurance (units) | 152 | 30 | |||||
| HUD Project-based Rental Assistance Program (properties) | 2 | 43 | |||||
| HUD Project-based Rental Assistance Program (units) | 536 | 32 | |||||
| Low Income Housing Tax Credit (properties) | 2 | 45 | |||||
| Low Income Housing Tax Credit (units) | 148 | 49 | |||||
| Public Housing (properties) | 0 | 42 | |||||
| Public Housing (units) | 0 | 42 | |||||
| Mitchell-Lama (properties) | 2 | 27 | |||||
| Mitchell-Lama (units) | 174 | 40 | |||||
| 421-a Tax Exemption (properties) | 9 | 46 | |||||
| 421-a Tax Exemption (units) | 331 | 46 | |||||
| 420-c Tax Exemption (properties) | 0 | 46 | |||||
| 420-c Tax Exemption (units) | 0 | 46 | |||||
| NYC Housing Production Programs and Zoning Incentives or Requirements (properties) | 8 | 41 | |||||
| Eligible to expire from housing programs between 2020 and 2025 (properties) | 0 | 47 | |||||
| Eligible to expire from housing programs between 2020 and 2025 (units) | 0 | 44 | |||||
| Eligible to expire from housing programs between 2026 and 2035 (properties) | 5 | 28 | |||||
| Eligible to expire from housing programs between 2026 and 2035 (units) | 706 | 31 | |||||
| Eligible to expire from housing programs in 2036 and later (properties) | 1 | 51 | |||||
| Eligible to expire from housing programs in 2036 and later (units) | 152 | 48 | |||||
| Indicator | 2000 | 2006 | 2010 | 2018 | 2019 | Rank (2000) | Rank (18/19) |
|---|---|---|---|---|---|---|---|
| Density | |||||||
| Population density (1,000 persons per square mile) | 50.9 | 50.2 | 52.6 | 16 | |||
| Development | |||||||
| Units authorized by new residential building permits | 31 | 105 | 358 | 127 | 53 | 48 | |
| Units issued new certificates of occupancy | 19 | 193 | 242 | 115 | 239 | 54 | 30 |
| Indicator | 2000 | 2006 | 2010 | 2018 | 2019 | Rank (2000) | Rank (18/19) |
|---|---|---|---|---|---|---|---|
| Commute | |||||||
| Car-free commute (% of commuters) | 85.9% | 84.5% | 88.3% | 90.9% | 3 | 3 | |
| Mean travel time to work (minutes) | 24.4 | 26.1 | 24.3 | 25.3 | 55 | 55 | |
| Crime and Incarceration | |||||||
| Serious crime rate (per 1,000 residents) | 34.5 | 29.3 | 28.2 | 26.7 | 2 | ||
| Serious crime rate, property (per 1,000 residents) | 29.3 | 25.2 | 24.2 | 22.2 | 2 | ||
| Serious crime rate, violent (per 1,000 residents) | 5.2 | 4.1 | 4.0 | 4.5 | 26 | ||
| Schools | |||||||
| Students performing at grade level in English language arts, 4th grade | 88.5% | 80.3% | 5 | ||||
| Students performing at grade level in math, 4th grade | 87.6% | 85.8% | 1 | ||||
| Indicator | 2000 | 2006 | 2010 | 2018 | 2019 | Rank (2000) | Rank (18/19) |
|---|---|---|---|---|---|---|---|
| Median Rent | |||||||
| Median rent, 2- and 3-bedrooms (2019$) | $2,540 | $2,980 | 1 | ||||
| Median rent, all (2019$) | $1,770 | $2,220 | $2,520 | $2,690 | 3 | 1 | |
| Median rent, recent movers (2019$) | $2,860 | $3,000 | 1 | ||||
| Median rent, studios and 1-bedrooms (2019$) | $2,320 | $2,690 | 1 | ||||
| Median rent, asking | $3,200 | $3,660 | 3 | ||||
| Affordability | |||||||
| Rental units affordable at 30% AMI (% of recently available units) | 1.5% | 2.9% | 37 | ||||
| Rental units affordable at 80% AMI (% of recently available units) | 10.8% | 15.9% | 43 | ||||
| Rental units affordable at 120% AMI (% of recently available units) | 22.3% | 32.1% | 47 | ||||
| Rent Burden | |||||||
| Moderately rent-burdened households | 20.6% | 20.3% | 17.5% | 54 | |||
| Moderately rent-burdened households, low income | 21.7% | 22.5% | 54 | ||||
| Moderately rent-burdened households, moderate income | 36.5% | 47.9% | 3 | ||||
| Severely rent-burdened households | 19.3% | 22.0% | 17.6% | 46 | 54 | ||
| Severely rent-burdened households, low income | 60.2% | 57.2% | 3 | ||||
| Severely rent-burdened households, moderate income | 28.0% | 16.8% | 3 | ||||
| Rental Subsidy | |||||||
| Housing choice vouchers (% of occupied, privately owned rental units) | 1.0% | 0.7% | 50 | ||||
| Public housing (% of rental units) | 0.0% | 42 | |||||
Data Notes: Community districts MN01 and MN02 both fall within sub-borough area 301. Data reported at the sub-borough level are identical. 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.
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