NYU Furman Center Sign Up Facebook Twitter LinkedIn

State of the City 2019

Lower East Side/Chinatown MN03

CoreData.nyc logo

DEMOGRAPHICS

In 2018, there were about 155,408 people in Lower East Side/Chinatown, with 27.3% of the population identified as Asian, 9.1% identified as black, 25.6% identified as Hispanic, and 35.3% identified as white. Median household income in 2018 was $49,180, about 24% less than citywide median household income ($64,850). The poverty rate in Lower East Side/Chinatown was 30.0% in 2018 compared to 17.3% citywide.

Poverty Rate, 2018

The poverty rate in Lower East Side/Chinatown was 30.0% in 2018 compared to 17.3% citywide.
Sources: American Community Survey, NYU Furman Center
Share:

Download Data (Excel)

HOUSING

Renters

Real median gross rent in Lower East Side/Chinatown increased from $970 in 2006 to $1,160 in 2018. In 2018, 22.9% of renter households in Lower East Side/Chinatown were severely rent burdened (spent more than 50% of household income on rent). 21.7% of the rental units are affordable at the 80% Area Median Income, 8 percentage points lower than the share in 2010. 22.6% of the rental units are public housing rental units in 2018. The overall rental vacancy rate in Lower East Side/Chinatown was 3.0%.

Real Median Gross Rent 2006 - 2018 (2019$)

Real median gross rent in Lower East Side/Chinatown increased from $970 in 2006 to $1,160 in 2018.
Sources: American Community Survey, NYU Furman Center
Share:

Download Data (Excel)

Share of Rental Units Located in New York City Housing Authority Public Housing

22.6% of the rental units in Lower East Side/Chinatown are public housing rental units in 2018.
Sources: American Community Survey, NYU Furman Center
Share:

Download Data (Excel)

Homeowners

In 2018, the homeownership rate in Lower East Side/Chinatown was 11.3%, lower than the citywide share of 32.8%. The homeownership rate in the neighborhood has decreased by 2.3 percentage points since 2010. In 2018, the home purchase loan rate was 16.3 per 1,000 properties (owner-occupied 1-4 family buildings, condominiums, or cooperative apartments) and the refinance loan rate was 4.7 per 1,000 properties in the neighborhood. 13 properties had a filing of mortgage foreclosure in Lower East Side/Chinatown in 2018. There were 1.3 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 1.3 mortgage foreclosure actions initiated per 1,000 1-4 family properties and condominium units in Lower East Side/Chinatown in 2018.
Sources: Home Mortgage Disclosure Act, NYU Furman Center
Share:

Download Data (Excel)

Development

In 2019, there were 135 units authorized by new residential building permits, which is 2.5% of total new units in Manhattan, and 0.5% of the citywide total, in Lower East Side/Chinatown. Department of Buildings issued new certificates of occupancy to 415 residential units in new buildings in Lower East Side/Chinatown last year, 1135 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 `415 residential units in new buildings in Lower East Side/Chinatown last year, `1135 less than the number of units certified in 2018.
Sources: Department of Buildings, Department of City Planning, NYU Furman Center
Share:

Download Data (Excel)

NEIGHBORHOOD SERVICES AND CONDITIONS
In 2019, 61.6% of 4th grade students attending schools in Lower East Side/Chinatown performed at grade level in math, compared to 56.3% in Manhattan, and 49.4% citywide; 63.8% of Lower East Side/Chinatown 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 14.5 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 14.5 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
Share:

Download Data (Excel)

Neighborhood Indicators: MN03 Lower East Side/Chinatown

Demographics

Indicator 2000 2006 2010 2018 2019 Rank (2000) Rank (18/19)
Population
Born in New York State 37.6% 37.2% 39.4% 49
Disabled population 6.2% 7.4% 22
Foreign-born population 40.3% 39.3% 35.2% 30.9% 17 33
Population 166,379 178,669 159,009 155,408
Population aged 65+ 13.4% 13.7% 14.3% 18.0% 17 13
Households
Households with children under 18 years old 22.1% 18.3% 16.3% 12.6% 49 53
Single-person households 47.4% 45.3% 47.1% 4
Race and Ethnicity
Percent Asian 34.8% 34.8% 34.7% 27.3% 2 9
Percent Black 7.5% 9.7% 6.4% 9.1% 37 31
Percent Hispanic 27.0% 21.4% 22.9% 25.6% 22 22
Percent white 28.1% 32.4% 33.7% 35.3% 32 23
Racial diversity index 0.72 0.72 0.71 0.73 4 3
Income and Poverty
Income diversity ratio 6.9 6.9 9.2 2
Median household income (2019$) $45,570 $46,510 $48,870 $49,180 42 44
Median household income, homeowners (2019$) $79,620 $106,250 $137,810 8
Median household income, renters (2019$) $43,560 $42,020 $41,720 41
Poverty rate 28.4% 25.1% 22.2% 30.0% 18 6
Poverty rate, population aged 65+ 38.2% 25.2% 39.6% 2
Poverty rate, population under 18 years old 39.3% 30.9% 49.7% 3
Labor Market
Labor force participation rate 60.1% 61.2% 58.2% 45
Population aged 25+ without a high school diploma 28.9% 26.6% 24.6% 11
Unemployment rate 9.42% 7.52% 10.10% 5.98% 27 17

Housing Market and Conditions

Indicator 2000 2006 2010 2018 2019 Rank (2000) Rank (18/19)
Housing Stock
Homeownership rate 12.0% 10.8% 13.6% 11.3% 46 47
Housing units 79,337 77,816 78,183 10
Rental vacancy rate 2.4% 3.0% 25
Serious housing code violations (per 1,000 privately owned rental units) 23.4 24.2 42.7 46.5 35
Severe crowding rate (% of renter households) 4.0% 3.5% 36
Total housing code violations (per 1,000 privately owned rental units) 132.4 109.9 204.2 179.6 35
Finance - Distress
Notices of foreclosure rate (per 1,000 1-4 family and condo properties) 1.5 0.8 3.9 1.3 56 59
Notices of foreclosure, all residential properties 6 5 24 13 57 56
Notices of foreclosure, initial, 1-4 family and condo properties 1 2 10 2 59 57
Notices of foreclosure, repeat, 1-4 family and condo properties 1 0 2 4 55 57
Pre-foreclosure notice rate (per 1,000 1-4 family and condo properties) 12.1 9.7 57
Pre-foreclosure notices, 1-4 family and condo properties 56 45 57
Properties entering REO, 1-4 family 0 0 0 50
Finance - Lending
FHA/VA-backed home purchase loans (% of home purchase loans) 0.0% 0.0% 0.0% 42
Higher-cost home purchase loans (% of home purchase loans) 0.0% 0.7%
Higher-cost refinance loans (% of refinance loans) 0.0% 0.3%
Home purchase loan rate (per 1,000 properties) 28.6 14.6 16.3 39
Home purchase loans in LMI tracts (% of home purchase loans) 61.6% 49.0% 34.7% 27
Home purchase loans to LMI borrowers (% of home purchase loans) 1.2% 3.4% 3.0% 44
Refinance loan rate (per 1,000 properties) 10.5 18.3 4.7 53
Sales - Volume
Sales volume, 1 family building 1 4 1 2 54 55
Sales volume, 2-4 family building 2 4 3 4 57 56
Sales volume, 5+ family building 37 85 34 43 8 6
Sales volume, all property types 108 370 226 375 49 39
Sales volume, condominium 68 277 188 326 18 12
Sales - Median Prices
Median sales price per unit, 1 family building (2019$) $1,087,070 $3,670,040 $3,521,850 $5,472,400 5 7
Median sales price per unit, 2-4 family building (2019$) $337,370 $805,090 $710,050 $1,137,500 6 7
Median sales price per unit, 5+ family building (2019$) $90,890 $256,060 $208,280 $612,500 16 6
Median sales price per unit, condominium (2019$) $279,520 $945,410 $1,022,470 $1,588,470 21 6
Sales - Housing Price Index
Index of housing price appreciation, 1 family building 100.0 261.4 427.6 113.2 1 56
Index of housing price appreciation, 2-4 family building 100.0 408.0 313.9 529.6 1 6
Index of housing price appreciation, 5+ family building 100.0 224.8 252.7 798.8 1 7
Index of housing price appreciation, all property types 100.0 239.9 251.4 424.2 1 12
Index of housing price appreciation, condominium 100.0 208.3 207.9 311.4 1 27
Subsidized Housing
Total number of subsidized properties (properties) 327 13
HUD Financing or Insurance (properties) 9 4
HUD Financing or Insurance (units) 1,354 3
HUD Project-based Rental Assistance Program (properties) 21 6
HUD Project-based Rental Assistance Program (units) 2,749 7
Low Income Housing Tax Credit (properties) 44 15
Low Income Housing Tax Credit (units) 3,767 13
Public Housing (properties) 36 5
Public Housing (units) 14,928 2
Mitchell-Lama (properties) 13 4
Mitchell-Lama (units) 4,949 7
421-a Tax Exemption (properties) 12 44
421-a Tax Exemption (units) 951 25
420-c Tax Exemption (properties) 66 11
420-c Tax Exemption (units) 2,152 12
NYC Housing Production Programs and Zoning Incentives or Requirements (properties) 128 16
Eligible to expire from housing programs between 2020 and 2025 (properties) 14 7
Eligible to expire from housing programs between 2020 and 2025 (units) 1,701 7
Eligible to expire from housing programs between 2026 and 2035 (properties) 21 11
Eligible to expire from housing programs between 2026 and 2035 (units) 1,807 11
Eligible to expire from housing programs in 2036 and later (properties) 30 13
Eligible to expire from housing programs in 2036 and later (units) 3,939 9

Land Use and Development

Indicator 2000 2006 2010 2018 2019 Rank (2000) Rank (18/19)
Density
Population density (1,000 persons per square mile) 102.4 91.1 89.1 4
Development
Units authorized by new residential building permits 229 1,022 78 190 135 21 47
Units issued new certificates of occupancy 667 640 447 1,550 415 6 19

Neighborhood Services and Conditions

Indicator 2000 2006 2010 2018 2019 Rank (2000) Rank (18/19)
Commute
Car-free commute (% of commuters) 86.0% 86.1% 90.7% 87.4% 2 7
Mean travel time to work (minutes) 30.9 30.3 29.3 31.1 50 51
Crime and Incarceration
Serious crime rate (per 1,000 residents) 15.0 13.8 14.2 14.5 16
Serious crime rate, property (per 1,000 residents) 10.4 9.4 10.5 10.0 8
Serious crime rate, violent (per 1,000 residents) 4.6 4.3 3.8 4.6 25
Schools
Students performing at grade level in English language arts, 4th grade 63.2% 63.8% 14
Students performing at grade level in math, 4th grade 59.3% 61.6% 20

Renters

Indicator 2000 2006 2010 2018 2019 Rank (2000) Rank (18/19)
Median Rent
Median rent, 2- and 3-bedrooms (2019$) $890 $1,070 51
Median rent, all (2019$) $830 $970 $1,060 $1,160 49 49
Median rent, recent movers (2019$) $2,050 $2,510 8
Median rent, studios and 1-bedrooms (2019$) $1,060 $1,260 31
Median rent, asking $2,500 $3,150 7
Affordability
Rental units affordable at 30% AMI (% of recently available units) 4.4% 5.0% 27
Rental units affordable at 80% AMI (% of recently available units) 30.2% 21.7% 42
Rental units affordable at 120% AMI (% of recently available units) 57.2% 47.9% 43
Rent Burden
Moderately rent-burdened households 22.3% 25.6% 27.0% 13
Moderately rent-burdened households, low income 28.3% 30.8% 30
Moderately rent-burdened households, moderate income 25.6% 39.6% 7
Severely rent-burdened households 19.9% 24.3% 22.9% 44 47
Severely rent-burdened households, low income 35.7% 34.3% 53
Severely rent-burdened households, moderate income 10.8% 5.7% 9
Rental Subsidy
Housing choice vouchers (% of occupied, privately owned rental units) 3.3% 2.7% 33
Public housing (% of rental units) 22.6% 4

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.