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Hillcrest/Fresh Meadows QN08

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Neighborhood Indicators

Demographics

Indicator 2000 2006 2010 2019 2021 2022
Population
Born in New York State 46.0% 47.5% 45.8% 46.7%
Disabled population 7.7% 6.6% 6.4%
Foreign-born population 44.8% 47.2% 45.5% 46.7% 47.4%
Population 148,712 147,374 138,004 168,471 163,732
Population aged 65+ 14.1% 15.2% 15.7% 16.4% 18.2%
Households
Households with children under 18 years old 34.4% 32.0% 29.3% 33.7% 27.2%
Single-person households 29.1% 28.5% 23.6% 33.4%
Race and Ethnicity
Percent Asian 23.7% 29.8% 30.0% 30.9% 33.9%
Percent Black 14.5% 11.0% 12.6% 15.6% 11.7%
Percent Hispanic 16.3% 19.4% 20.5% 21.1% 20.7%
Percent white 39.0% 36.8% 32.8% 27.1% 27.6%
Racial diversity index 0.74 0.73 0.74 0.76 0.75
Income and Poverty
Income diversity ratio 3.7 5.1 4.8 5.2
Median household income (2022$) $85,860 $79,630 $71,120 $80,460 $79,040
Median household income, homeowners (2022$) $88,820 $92,370 $103,160 $89,580
Median household income, renters (2022$) $65,110 $58,540 $68,180 $71,290
Poverty rate 10.6% 8.1% 13.7% 11.5% 13.5%
Poverty rate, population aged 65+ 9.9% 8.5% 16.6% 14.6%
Poverty rate, population under 18 years old 8.9% 18.7% 10.5% 14.6%
Labor Market
Labor force participation rate 63.1% 63.0% 62.5% 60.5%
Population aged 25+ without a high school diploma 15.2% 13.3% 13.1% 15.3%
Unemployment rate 6.27% 6.41% 12.72% 5.50% 12.40%

Housing Market and Conditions

Indicator 2000 2006 2010 2019 2021 2022
Housing Stock
Homeownership rate 43.8% 54.5% 46.0% 43.5% 47.1%
Housing units 55,670 54,564 61,550 60,914
Rental vacancy rate 2.7% 3.0% 3.2%
Serious housing code violations (per 1,000 privately owned rental units) 19.0 20.9 28.2 49.9 61.0
Severe crowding rate (% of renter households) 3.8% 3.9% 5.8%
Total housing code violations (per 1,000 privately owned rental units) 137.4 127.2 115.4 214.7 242.4
Finance - Distress
Notices of foreclosure rate (per 1,000 1-4 family and condo properties) 3.9 5.8 10.2 5.1 2.4 3.1
Notices of foreclosure, all residential properties 80 112 204 108 50 63
Notices of foreclosure, initial, 1-4 family and condo properties 59 87 167 45 18 31
Notices of foreclosure, repeat, 1-4 family and condo properties 17 25 34 57 29 30
Pre-foreclosure notice rate (per 1,000 1-4 family and condo properties) 34.5 16.1 31.7
Pre-foreclosure notices, 1-4 family and condo properties 685 321 632
Properties entering REO, 1-4 family 4 1 10
Finance - Lending
FHA/VA-backed home purchase loans (% of home purchase loans) 0.0% 8.3% 1.9% 1.5%
Higher-cost home purchase loans (% of home purchase loans) 12.4% 0.6% 9.1% 9.4%
Higher-cost refinance loans (% of refinance loans) 21.7% 2.0% 5.8% 1.4%
Home purchase loan rate (per 1,000 properties) 37.5 18.6 17.2 27.3
Home purchase loans in LMI tracts (% of home purchase loans) 0.4% 18.4% 9.1% 9.1%
Home purchase loans to LMI borrowers (% of home purchase loans) 10.2% 0.5% 15.5% 18.8%
Refinance loan rate (per 1,000 properties) 26.5 14.3 13.6 30.7
Sales - Volume
Sales volume, 1 family building 517 508 294 271 376 417
Sales volume, 2-4 family building 144 195 89 64 100 112
Sales volume, 5+ family building 0 3 5 3 4 1
Sales volume, condominium 8 99 83 77 73 89
Sales volume, all property types 669 805 471 415 553 619
Sales - Median Prices
Median sales price per unit, 1 family building (2022$) $522,570 $866,330 $696,440 $953,290 $964,470 $945,000
Median sales price per unit, 2-4 family building (2022$) $254,910 $463,740 $350,880 $523,750 $530,250 $493,750
Median sales price per unit, 5+ family building (2022$) $154,580 $169,000 $148,820 $297,970 $91,670
Median sales price per unit, condominium (2022$) $251,510 $526,970 $386,290 $535,180 $472,160 $495,000
Sales - Housing Price Index
Index of housing price appreciation, 1 family building 100.0 197.9 174.1 268.7 301.5 304.7
Index of housing price appreciation, 2-4 family building 100.0 226.0 183.6 302.2 353.5 341.4
Index of housing price appreciation, 5+ family building 100.0 146.8 108.2 1,906.2
Index of housing price appreciation, condominium 100.0 260.5 236.0 371.0 367.5 375.0
Index of housing price appreciation, all property types 100.0 203.0 175.6 279.5 305.8 306.9
Subsidized Housing
Total number of subsidized properties (properties) 27
HUD Financing or Insurance (properties) 2
HUD Financing or Insurance (units) 0
HUD Project-based Rental Assistance Program (properties) 1
HUD Project-based Rental Assistance Program (units) 81
Low Income Housing Tax Credit (properties) 2
Low Income Housing Tax Credit (units) 466
Public Housing (properties) 2
Public Housing (units) 2,080
Mitchell-Lama (properties) 6
Mitchell-Lama (units) 2,654
421-a Tax Exemption (properties) 58
421-a Tax Exemption (units) 4,073
420-c Tax Exemption (properties) 0
420-c Tax Exemption (units) 0
NYC Housing Production Programs and Zoning Incentives or Requirements (properties) 14
Eligible to expire from housing programs between 2023 and 2028 (properties) 1
Eligible to expire from housing programs between 2023 and 2028 (units) 81
Eligible to expire from housing programs between 2029 and 2038 (properties) 2
Eligible to expire from housing programs between 2029 and 2038 (units) 388
Eligible to expire from housing programs in 2039 and later (properties) 2
Eligible to expire from housing programs in 2039 and later (units) 78

Land Use and Development

Indicator 2000 2006 2010 2019 2021 2022
Density
Population density (1,000 persons per square mile) 19.8 18.5 22.6 22.0
Development
Units authorized by new residential building permits 53 0 90 252 136 112
Units issued new certificates of occupancy 94 161 174 121 135 91

Neighborhood Services and Conditions

Indicator 2000 2006 2010 2019 2021 2022
Commute
Car-free commute (% of commuters) 47.8% 47.7% 52.8% 50.9% 39.9%
Mean travel time to work (minutes) 43.2 40.3 40.1 42.9 37.1
Crime and Incarceration
Serious crime rate (per 1,000 residents) 12.8 8.7 7.3 6.9 9.3
Serious crime rate, property (per 1,000 residents) 9.9 6.3 5.2 5.1 7.0
Serious crime rate, violent (per 1,000 residents) 3.0 2.4 2.1 1.8 2.3
Schools
Students performing at grade level in English language arts, 4th grade 61.1% 51.7%
Students performing at grade level in math, 4th grade 61.7% 50.9%

Renters

Indicator 2000 2006 2010 2019 2021 2022
Median Rent
Median rent, 2- and 3-bedrooms (2022$) $1,620 $1,800 $1,940
Median rent, all (2022$) $1,290 $1,490 $1,520 $1,730 $1,760
Median rent, recent movers (2022$) $1,750 $1,750 $1,800
Median rent, studios and 1-bedrooms (2022$) $1,450 $1,530 $1,610
Change in collected rent (2019-2020) 4.2%
Affordability
Rental units affordable at 30% AMI (% of recently available units) 5.7% 2.8% 4.0%
Rental units affordable at 80% AMI (% of recently available units) 45.9% 65.3% 73.6%
Rental units affordable at 120% AMI (% of recently available units) 95.1% 98.1% 99.6%
Rent Burden
Moderately rent-burdened households 23.0% 25.0% 22.6% 21.3%
Moderately rent-burdened households, low income 32.4% 33.1% 32.6%
Moderately rent-burdened households, moderate income 20.5% 8.4% 9.7%
Severely rent-burdened households 17.4% 25.3% 28.5% 26.1%
Severely rent-burdened households, low income 46.7% 44.7% 43.9%
Severely rent-burdened households, moderate income 0.0% 0.7% 0.5%
Rental Subsidy
Housing choice vouchers (% of occupied, privately owned rental units) 1.2% 0.7%
Public housing (% of rental units) 9.2%
DEMOGRAPHICS

In 2021, there were an estimated 163,732 people in Hillcrest/Fresh Meadows, of which 33.9% identified as Asian, 11.7% identified as Black, 20.7% identified as Hispanic, and 27.6% identified as white.

Graph showing the racial and ethnic composition of Hillcrest/Fresh Meadows in both 2000 and 2017-2021.
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In 2021, the household income group with the largest share (33.9%) of households was $100,001 - $250,000. In 2000, the same household income group had the largest share as well, with a slightly lower share of 33.1%.

Graph showing the distribution of household income in Hillcrest/Fresh Meadows in both 2000 and 2017-2021.
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Median household income in 2021 was $79,040, about 10% more than citywide median household income ($72,150). The poverty rate in Hillcrest/Fresh Meadows was 13.5% in 2021 compared to 18.0% citywide.

The poverty rate in Hillcrest/Fresh Meadows was 13.5% 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 Hillcrest/Fresh Meadows in both 2010 and 2017-2021.
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HOUSING

Renters

Real median gross rent in Hillcrest/Fresh Meadows increased from $1,490 in 2006 to $1,760 in 2021. This represents a 18.1% increase over the same period. As of 2021, the change in median gross rent outpaced the change in median household income by 8.6 percentage points. In 2021, 26.1% of renter households in Hillcrest/Fresh Meadows were severely rent burdened (spent more than 50% of household income on rent). 73.6% of the rental units were affordable at 80% Area Median Income, 28 percentage points higher than the share in 2010. 9.2% of the rental units were public housing rental units, as of 2022. The overall rental vacancy rate in Hillcrest/Fresh Meadows was 3.2% in 2021.

Real median gross rent in Hillcrest/Fresh Meadows increased from $1,490 in 2006 to $1,760 in 2021.
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Graph showing the change in real median gross rent and median renter household income in Hillcrest/Fresh Meadows from 2006 to 2021.
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9.2% of the rental units in Hillcrest/Fresh Meadows are public housing rental units in 2022.
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Homeowners

In 2021, the homeownership rate in Hillcrest/Fresh Meadows was 47.1%, which is higher than the citywide share of 33.3%. The homeownership rate in the neighborhood has increased by 1.1 percentage points since 2010. In 2021, the home purchase loan rate was 27.3 per 1,000 properties (owner-occupied 1-4 family buildings, condominiums, or cooperative apartments) and the refinance loan rate was 30.7 per 1,000 properties in the neighborhood. Out of all the first-time home purchase loans and refinance loans in Hillcrest/Fresh Meadows, 9.4% and 1.4% were high cost loans, respectively. 63 properties had a filing of mortgage foreclosure in Hillcrest/Fresh Meadows in 2022. There were 3.1 mortgage foreclosure actions initiated per 1,000 1-4 family properties and condominium units.

There were 3.1 mortgage foreclosure notices per 1,000 1-4 family properties and condominium units in Hillcrest/Fresh Meadows in 2022
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Development

The Department of Buildings issued new certificates of occupancy to 91 residential units in new buildings in Hillcrest/Fresh Meadows in 2022, 44 fewer than the number of units certified in 2021.

Department of Buildings issued new certificates of occupancy to 91 residential units in new buildings in Hillcrest/Fresh Meadows last year, the same as the number of units certified in 2022.
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Over the last decade, 798 units in 4+ unit buildings were built in Hillcrest/Fresh Meadows. 94% were market rate, compared to 0% 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 9.3 serious crimes per 1,000 residents in 2022, compared to 14.2 serious crimes per 1,000 residents citywide.

The serious crime rate was 9.3 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 .