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Lower East Side/Chinatown MN03

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DEMOGRAPHICS

In 2019, there were an estimated 167,128 people in Lower East Side/Chinatown, of which 32.8% of the population identified as Asian, 7.6% identified as Black, 25.4% identified as Hispanic, and 30.3% identified as white.

Graph showing the racial and ethnic composition of Lower East Side/Chinatown in both 2000 and 2015-2019.
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In 2019, the household income group with the largest share (28.2%) of households is <= $20,000. In 2000, the same household income group had the largest share as well, with a slightly lower share of 26.3%.

Graph showing the distribution of household income in Lower East Side/Chinatown in both 2000 and 2015-2019.
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Median household income in 2019 was $42,010, about 40% less than citywide median household income ($70,590). The poverty rate in Lower East Side/Chinatown was 24.0% in 2019 compared to 16.0% citywide.

The poverty rate in Lower East Side/Chinatown was 24.0% in 2019 compared to 16.0% citywide.
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HOUSING

Renters

Real median gross rent in Lower East Side/Chinatown increased from $990 in 2006 to $1,070 in 2019. In 2019, 23.8% of renter households in Lower East Side/Chinatown were severely rent burdened (spent more than 50% of household income on rent). 23.7% of the rental units are affordable at the 80% Area Median Income, 6 percentage points lower than the share in 2010. 23.8% of the rental units are public housing rental units in 2020. The overall rental vacancy rate in Lower East Side/Chinatown was 2.9%.

Real median gross rent in Lower East Side/Chinatown increased from $920 in 2007 to $1,070 in 2019.
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23.8% of the rental units in Lower East Side/Chinatown are public housing rental units in 2020.
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Homeowners

In 2019, the homeownership rate in Lower East Side/Chinatown was 10.8%, lower than the citywide share of 31.9%. The homeownership rate in the neighborhood has decreased by 2.8 percentage points since 2010. In 2019, the home purchase loan rate was 16.9 per 1,000 properties (owner-occupied 1-4 family buildings, condominiums, or cooperative apartments) and the refinance loan rate was 8.6 per 1,000 properties in the neighborhood. Out of all the first-time home purchase loans and refinance loans in Lower East Side/Chinatown, 1.3% and 0.6% were high cost loans, respectively. 5 properties had a filing of mortgage foreclosure in Lower East Side/Chinatown in 2020. There were 0.8 mortgage foreclosure actions initiated per 1,000 1-4 family properties and condominium units.

There were 0.8 mortgage foreclosure notices per 1,000 1-4 family properties and condominium units in Lower East Side/Chinatown in 2020
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Development

Department of Buildings issued new certificates of occupancy to 322 residential units in new buildings in Lower East Side/Chinatown last year, 91 less than the number of units certified in 2019.

Department of Buildings issued new certificates of occupancy to 45 residential units in new buildings in Lower East Side/Chinatown last year, 648 less than the number of units certified in 2019.
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NEIGHBORHOOD SERVICES AND CONDITIONS

The serious crime rate was 13.9 serious crimes per 1,000 residents in 2020, compared to 11.6 serious crimes per 1,000 residents citywide.

The serious crime rate was 13.9 serious crimes per 1,000 residents in 2020, compared to 11.6 serious crimes per 1,000 residents citywide.
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Neighborhood Indicators: MN03 Lower East Side/Chinatown

Demographics

Indicator 2000 2006 2010 2019 2020 Rank (2000) Rank (19/20)
Population
Born in New York State 37.6% 37.2% 35.6% 52
Disabled population 6.2% 7.1% 27
Foreign-born population 40.3% 39.3% 35.2% 35.7% 17 26
Population 166,379 178,669 159,009 167,128
Population aged 65+ 13.4% 13.7% 14.3% 22.2% 17 3
Households
Households with children under 18 years old 22.1% 18.3% 16.3% 12.3% 49 53
Single-person households 47.4% 45.3% 49.9% 4
Race and Ethnicity
Percent Asian 34.8% 34.8% 34.7% 32.8% 2 7
Percent Black 7.5% 9.7% 6.4% 7.6% 37 33
Percent Hispanic 27.0% 21.4% 22.9% 25.4% 22 26
Percent white 28.1% 32.4% 33.7% 30.3% 32 26
Racial diversity index 0.72 0.72 0.71 0.73 4 4
Income and Poverty
Income diversity ratio 6.9 6.9 10.4 1
Median household income (2020$) $46,350 $47,300 $49,700 $42,010 42 48
Median household income, homeowners (2020$) $80,980 $108,060 $97,290 29
Median household income, renters (2020$) $44,300 $42,740 $37,690 45
Poverty rate 28.4% 25.1% 22.2% 24.0% 18 10
Poverty rate, population aged 65+ 38.2% 25.2% 30.8% 8
Poverty rate, population under 18 years old 39.3% 30.9% 35.7% 11
Labor Market
Labor force participation rate 60.1% 61.2% 56.6% 48
Population aged 25+ without a high school diploma 28.9% 26.6% 28.8% 6
Unemployment rate 9.42% 7.52% 10.10% 5.24% 27 22

Housing Market and Conditions

Indicator 2000 2006 2010 2019 2020 Rank (2000) Rank (19/20)
Housing Stock
Homeownership rate 12.0% 10.8% 13.6% 10.8% 46 48
Housing units 79,337 77,816 83,942 8
Rental vacancy rate 2.4% 2.9% 31
Serious housing code violations (per 1,000 privately owned rental units) 23.4 24.2 46.6 36.0 37
Severe crowding rate (% of renter households) 4.0% 3.8% 32
Total housing code violations (per 1,000 privately owned rental units) 132.4 109.9 179.7 118.8 36
Finance - Distress
Notices of foreclosure rate (per 1,000 1-4 family and condo properties) 1.5 0.8 3.9 0.9 0.8 56 53
Notices of foreclosure, all residential properties 6 5 24 5 5 57 55
Notices of foreclosure, initial, 1-4 family and condo properties 1 2 10 3 1 59 54
Notices of foreclosure, repeat, 1-4 family and condo properties 1 0 2 1 3 55 53
Pre-foreclosure notice rate (per 1,000 1-4 family and condo properties) 9.7 6.5 54
Pre-foreclosure notices, 1-4 family and condo properties 45 31 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% 45
Higher-cost home purchase loans (% of home purchase loans) 2.2% 0.7% 1.3% 39
Higher-cost refinance loans (% of refinance loans) 11.0% 0.3% 0.6% 49
Home purchase loan rate (per 1,000 properties) 28.6 14.6 16.9 37
Home purchase loans in LMI tracts (% of home purchase loans) 61.6% 3.4% 47.6% 16
Home purchase loans to LMI borrowers (% of home purchase loans) 1.2% 49.0% 3.7% 41
Refinance loan rate (per 1,000 properties) 10.5 18.3 8.6 51
Sales - Volume
Sales volume, 1 family building 1 4 1 3 0 54 54
Sales volume, 2-4 family building 2 4 3 3 1 57 56
Sales volume, 5+ family building 37 86 35 36 19 8 9
Sales volume, all property types 108 371 227 504 174 49 45
Sales volume, condominium 68 277 188 462 154 18 18
Sales - Median Prices
Median sales price per unit, 1 family building (2020$) $1,123,930 $3,794,490 $3,641,270 $7,780,800 5
Median sales price per unit, 2-4 family building (2020$) $348,810 $832,390 $734,130 $928,100 $103,590 6 57
Median sales price per unit, 5+ family building (2020$) $93,970 $263,770 $212,080 $467,600 $320,000 16 11
Median sales price per unit, condominium (2020$) $289,000 $977,470 $1,057,140 $1,545,050 $1,469,010 21 6
Sales - Housing Price Index
Index of housing price appreciation, 1 family building 100.0 427.6
Index of housing price appreciation, 2-4 family building 100.0 314.6 243.5 554.9 420.6 10
Index of housing price appreciation, 5+ family building 100.0 246.2 275.7 590.4 699.4 12
Index of housing price appreciation, all property types 100.0 242.8 249.4 390.7 406.3 11
Index of housing price appreciation, condominium 100.0 253.3 248.4 373.5 363.1 15
Subsidized Housing
Total number of subsidized properties (properties) 363 15
HUD Financing or Insurance (properties) 20 2
HUD Financing or Insurance (units) 1,650 4
HUD Project-based Rental Assistance Program (properties) 30 14
HUD Project-based Rental Assistance Program (units) 3,199 8
Low Income Housing Tax Credit (properties) 60 16
Low Income Housing Tax Credit (units) 4,255 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) 42 29
421-a Tax Exemption (units) 3,157 18
420-c Tax Exemption (properties) 68 12
420-c Tax Exemption (units) 2,302 12
NYC Housing Production Programs and Zoning Incentives or Requirements (properties) 128 16
Eligible to expire from housing programs between 2020 and 2025 (properties) 13 14
Eligible to expire from housing programs between 2020 and 2025 (units) 1,694 7
Eligible to expire from housing programs between 2026 and 2035 (properties) 25 13
Eligible to expire from housing programs between 2026 and 2035 (units) 1,892 12
Eligible to expire from housing programs in 2036 and later (properties) 50 12
Eligible to expire from housing programs in 2036 and later (units) 4,572 12

Land Use and Development

Indicator 2000 2006 2010 2019 2020 Rank (2000) Rank (19/20)
Density
Population density (1,000 persons per square mile) 102.4 91.1 95.8 3
Development
Units authorized by new residential building permits 229 1,022 78 135 196 21 34
Units issued new certificates of occupancy 667 640 446 413 322 6 23

Neighborhood Services and Conditions

Indicator 2000 2006 2010 2019 2020 Rank (2000) Rank (19/20)
Commute
Car-free commute (% of commuters) 86.0% 86.1% 90.7% 92.8% 2 3
Mean travel time to work (minutes) 30.9 30.3 29.3 30.1 50 52
Crime and Incarceration
Serious crime rate (per 1,000 residents) 15.0 13.8 14.8 13.9 18
Serious crime rate, property (per 1,000 residents) 10.4 9.4 10.2 10.2 8
Serious crime rate, violent (per 1,000 residents) 4.6 4.4 4.6 3.7 28
Schools
Students performing at grade level in English language arts, 4th grade 63.8% 14
Students performing at grade level in math, 4th grade 61.6% 20

Renters

Indicator 2000 2006 2010 2019 2020 Rank (2000) Rank (19/20)
Median Rent
Median rent, 2- and 3-bedrooms (2020$) $900 $1,030 53
Median rent, all (2020$) $840 $990 $1,080 $1,070 49 53
Median rent, recent movers (2020$) $2,090 $2,540 7
Median rent, studios and 1-bedrooms (2020$) $1,070 $1,220 35
Median rent, asking $2,500
Affordability
Rental units affordable at 30% AMI (% of recently available units) 4.4% 7.2% 19
Rental units affordable at 80% AMI (% of recently available units) 30.2% 23.7% 40
Rental units affordable at 120% AMI (% of recently available units) 57.2% 55.3% 41
Rent Burden
Moderately rent-burdened households 22.3% 25.6% 27.9% 7
Moderately rent-burdened households, low income 28.3% 31.5% 25
Moderately rent-burdened households, moderate income 25.6% 42.1% 6
Severely rent-burdened households 19.9% 24.3% 23.8% 44 44
Severely rent-burdened households, low income 35.7% 35.9% 52
Severely rent-burdened households, moderate income 10.8% 5.1% 8
Rental Subsidy
Housing choice vouchers (% of occupied, privately owned rental units) 3.3% 2.3% 35
Public housing (% of rental units) 23.8% 5

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 and data under the 2019 heading comes from the 2015 – 2019 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.