New York City Neighborhood Data Profiles

MN02: Greenwich Village/Soho

Demographics

In 2017, there were about 148,982 people in Greenwich Village/Soho, 16.5% of the population identified as Asian in 2017, 2.1% identified as black, 5.7% identified as Hispanic, and 72.2% identified as white. Median household income in 2017 was $147,641, about 138% more than citywide median household income ($62,040). The poverty rate in Greenwich Village/Soho was 8.8% in 2017 compared to 17.9% citywide.

Housing

Real median gross rent in Greenwich Village/Soho increased from $2,180 in 2006 to $2,610 in 2017. Median asking rent — rent for units being advertised for lease — in 2017 was $3,600 in Greenwich Village/Soho, compared to $3,150 in Manhattan and $2,800 citywide. In 2017, 18.4% of renter households in Greenwich Village/Soho were severely rent burdened (spent more than 50% of household income on rent). The rental vacancy rate in Greenwich Village/Soho was 5.2%. In 2017, the homeownership rate in Greenwich Village/Soho was 30.7%. There were 400 property sales in Greenwich Village/Soho in 2018. Sales prices for all residential property types decreased by 2% in Greenwich Village/Soho between 2017 and 2018, compared to a decrease of 2% in Manhattan and an increase of 2.5% citywide.

Neighborhood Services and Conditions

In 2018, 87.6% of 4th grade students attending schools in Greenwich Village/Soho performed at grade level in math, compared to 54.2% in Manhattan, and 46% citywide; 88.5% of Greenwich Village/Soho 4th graders performed at grade level in English language arts, compared to 57.6% in Manhattan, and 49% citywide. The serious crime rate was 27.5 serious crimes per 1,000 residents in 2018, compared to 11.3 serious crimes per 1,000 residents citywide.


State of New York City’s Housing and Neighborhoods report »
Community District Data Summary (PDF, 138 KB) »

Neighborhood Indicators: MN02 Greenwich Village/Soho

Demographics

Indicator 2000 2006 2010 2017 2018 Rank (2010) Rank (17/18)
Population
Born in New York State 38.8% 34.7% 37.8% 40.5% 43
Disabled population 3.1% 3.3% 2.3% 55
Foreign-born population 23.3% 25.9% 23.1% 22.9% 21.2% 43 49
Population 125,567 147,198 144,944 148,982 151,979
Population aged 65+ 10.5% 9.8% 11.2% 14.3% 13.9% 32 28
Households
Households with children under 18 years old 11.4% 13.9% 12.7% 16.1% 17.0% 53 51
Single-person households 51.4% 49.4% 47.5% 47.1% 4
Race and Ethnicity
Percent Asian 14.5% 19.2% 14.6% 16.5% 14.5% 11 19
Percent black 3.1% 2.7% 2.4% 2.1% 1.7% 44 50
Percent Hispanic 5.9% 4.9% 5.6% 5.7% 7.4% 53 53
Percent white 73.6% 71.5% 73.2% 72.2% 72.6% 6 4
Racial diversity index 0.43 0.45 0.44 0.45 0.45 42 48
Income and Poverty
Income diversity ratio 6.7 6.0 6.6 13
Median household income (2018$) $106,980 $117,630 $116,020 $147,640 $148,150 2 1
Median household income, homeowners (2018$) $188,260 $175,230 $183,670 $187,620 3
Median household income, renters (2018$) $97,720 $104,770 $128,960 $137,810 1
Poverty rate 9.9% 11.9% 9.9% 8.8% 6.6% 49 53
Poverty rate, population aged 65+ 23.4% 8.7% 16.3% 14.6% 38
Poverty rate, population under 18 years old 15.3% 7.5% 3.2% 0.8% 55
Labor Market
Labor force participation rate 75.5% 77.6% 72.1% 76.9% 1
Population aged 25+ without a high school diploma 7.5% 5.2% 6.6% 4.9% 52
Unemployment rate 5.78% 4.77% 6.08% 2.55% 3.66% 46 48

Housing Market and Conditions

Indicator 2000 2006 2010 2017 2018 Rank (2010) Rank (17/18)
Housing Stock
Homeownership rate 25.9% 29.8% 25.3% 30.7% 31.6% 30 28
Housing units 81,238 89,353 87,668 93,773 5
Rental vacancy rate 5.0% 5.2%
Serious housing code violations (per 1,000 privately owned rental units) 22.6 13.9 22.2 28.0 38
Severe crowding rate (% of renter households) 3.2% 3.6%
Total housing code violations (per 1,000 privately owned rental units) 95.3 79.5 115.9 136.7 42
Finance - Distress
Notices of foreclosure rate (per 1,000 1-4 family and condo properties) 1.2 1.8 2.4 2.0 1.7 57 56
Notices of foreclosure, all residential properties 4 11 21 17 16 59 55
Notices of foreclosure, initial, 1-4 family and condo properties 3 8 14 9 6 58 53
Notices of foreclosure, repeat, 1-4 family and condo properties 1 3 3 6 7 55 55
Pre-foreclosure notice rate (per 1,000 1-4 family and condo properties) 13.0 11.8 54
Pre-foreclosure notices, 1-4 family and condo properties 97 89 54
Properties entering REO, 1-4 family 0 0 0 0 50 38
Finance - Lending
FHA/VA-backed home purchase loans (% of home purchase loans) 0.0% 0.3% 0.0% 0.0% 42
Higher-cost home purchase loans (% of home purchase loans) 0.0% 1.2% 0.3% 97.5% 25
Higher-cost refinance loans (% of refinance loans) 0.0% 0.5% 0.8% 93.1% 51
Home purchase loan rate (per 1,000 properties) 50.1 23.9 22.4 17.9 34
Home purchase loans in LMI tracts (% of home purchase loans) 1.3% 0.3% 0.3% 1.1% 53
Home purchase loans to LMI borrowers (% of home purchase loans) 3.4% 0.8% 1.5% 2.5% 48
Refinance loan rate (per 1,000 properties) 14.8 31.9 9.2 9.1 35
Sales - Volume
Sales volume, 1 family building 6 13 15 6 16 49 44
Sales volume, 2-4 family building 22 17 11 12 14 50 49
Sales volume, 5+ family building 26 62 23 33 20 17 27
Sales volume, all property types 271 521 526 402 400 41 38
Sales volume, condominium 217 429 477 351 350 9 10
Sales - Median Prices
Median sales price per unit, 1 family building (2018$) $2,399,040 $6,261,380 $7,742,390 $10,190,710 $9,842,890 4 3
Median sales price per unit, 2-4 family building (2018$) $1,611,860 $2,107,790 $1,107,680 $3,622,800 $3,935,170 2 2
Median sales price per unit, 5+ family building (2018$) $330,700 $359,310 $681,650 $747,860 $722,320 2 3
Median sales price per unit, condominium (2018$) $1,012,100 $1,563,490 $1,976,780 $3,159,120 $3,225,000 1 1
Sales - Housing Price Index
Index of housing price appreciation, 1 family building 100.0 169.7 218.8 283.8 329.0 1 16
Index of housing price appreciation, 2-4 family building 100.0 130.9 127.0 227.0 324.8 1 22
Index of housing price appreciation, 5+ family building 100.0 246.2 253.7 438.0 555.7 1 27
Index of housing price appreciation, all property types 100.0 205.9 205.9 322.2 317.1 1 27
Index of housing price appreciation, condominium 100.0 203.8 203.6 291.8 281.2 1 34

Land Use and Development

Indicator 2000 2006 2010 2017 2018 Rank (2010) Rank (17/18)
Density
Population density (1,000 persons per square mile) 50.8 50.0 51.4 52.4 16
Development
Units authorized by new residential building permits 31 105 112 358 53 20
Units issued new certificates of occupancy 19 193 242 256 113 54 42

Neighborhood Services and Conditions

Indicator 2000 2006 2010 2017 2018 Rank (2010) Rank (17/18)
Commute
Car-free commute (% of commuters) 85.9% 84.5% 88.3% 88.3% 90.9% 3 3
Mean travel time to work (minutes) 24.4 26.1 24.3 26.0 25.3 55 55
Crime and Incarceration
Serious crime rate (per 1,000 residents) 34.5 29.3 25.7 27.5 2
Serious crime rate, property (per 1,000 residents) 29.3 25.2 21.6 23.5 2
Serious crime rate, violent (per 1,000 residents) 5.2 4.1 4.0 4.0 27
Schools
Students performing at grade level in English language arts, 4th grade 79.0% 88.5% 1
Students performing at grade level in math, 4th grade 83.2% 87.6% 1
Services
Residential units within 1/2 mile of a subway station 100.0% 1
Residential units within 1/4 mile of a park 99.6% 8

Renters

Indicator 2000 2006 2010 2017 2018 Rank (2010) Rank (17/18)
Median Rent
Median rent, 2- and 3-bedrooms (2018$) $2,500 $2,910 1
Median rent, all (2018$) $1,740 $2,180 $2,480 $2,610 $2,640 3 1
Median rent, recent movers (2018$) $2,820 $2,930 1
Median rent, studios and 1-bedrooms (2018$) $2,280 $2,600 1
Median rent, asking $3,200 $3,600 $3,660 3
Affordability
Rental units affordable at 30% AMI (% of recently available units) 1.5% 1.5% 45
Rental units affordable at 80% AMI (% of recently available units) 10.8% 10.7% 47
Rental units affordable at 120% AMI (% of recently available units) 22.3% 21.3% 48
Rent Burden
Moderately rent-burdened households 20.6% 20.3% 19.4% 17.5% 54
Moderately rent-burdened households, low income 21.7% 19.9% 54
Moderately rent-burdened households, moderate income 36.5% 42.3% 4
Severely rent-burdened households 19.3% 22.0% 18.4% 46
Severely rent-burdened households, low income 60.2% 65.4% 1
Severely rent-burdened households, moderate income 28.0% 22.8% 2
Rental Subsidy
Housing choice vouchers (% of occupied, privately owned rental units) 1.0% 0.7% 49
Public housing (% of rental units) 0.0% 44
Eviction
Private eviction filings 1,308 733 51
Private eviction filings per 1000 private rental units 41.9 23.8 55

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 2017 heading comes from the 2013– 2017 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.