Manhattan Neighborhood Profile

Neighborhood Indicators

Demographics

Indicator	2000	2006	2010	2019	2021
Population
Born in New York State		44.9%	42.5%	43.4%	44.0%
Disabled population			6.3%	6.8%	8.0%
Foreign-born population	29.4%	28.7%	28.5%	27.8%	28.1%
Population	1,529,375	1,611,581	1,586,698	1,628,706	1,576,876
Population aged 65+	12.2%	12.7%	13.5%	17.0%	18.3%
Households
Households with children under 18 years old	19.7%	20.2%	18.2%	16.6%	16.5%
Single-person households		49.6%	46.1%	47.6%	48.2%
Race and Ethnicity
Percent Asian	9.4%	11.0%	11.1%	12.3%	11.8%
Percent Black	15.2%	14.1%	12.8%	12.3%	12.2%
Percent Hispanic	27.0%	25.4%	25.6%	25.6%	26.4%
Percent white	46.0%	47.8%	47.8%	46.9%	44.8%
Racial diversity index	0.68	0.68	0.68	0.68	0.70
Income and Poverty
Income diversity ratio		8.4	8.0	7.8	8.9
Median household income (2022$)	$82,410	$84,340	$82,190	$104,420	$89,590
Median household income, homeowners (2022$)		$180,720	$170,000	$205,210	$174,450
Median household income, renters (2022$)		$67,340	$67,230	$88,020	$73,040
Poverty rate	19.9%	18.3%	16.4%	14.0%	17.3%
Poverty rate, population aged 65+		20.4%	17.0%	19.2%	16.9%
Poverty rate, population under 18 years old		27.1%	22.1%	15.8%	22.7%
Labor Market
Labor force participation rate		67.0%	67.1%	68.2%	66.0%
Population aged 25+ with a bachelor's degree or higher	49.4%	55.2%	58.1%	62.0%	62.5%
Population aged 25+ without a high school diploma		16.2%	14.4%	12.2%	10.6%
Unemployment rate	8.44%	6.75%	9.16%	4.23%	10.59%

Housing Market and Conditions

Indicator	2000	2006	2010	2019	2021	2022
Housing Stock
Homeownership rate	20.2%	23.5%	22.3%	23.3%	25.0%
Housing units		840,443	846,962	892,930	916,609
Rental vacancy rate			3.5%	4.7%	5.5%
Serious housing code violations (per 1,000 privately owned rental units)		38.0	41.1	63.6	62.8	73.8
Severe crowding rate (% of renter households)			3.0%	3.5%	3.2%
Total housing code violations (per 1,000 privately owned rental units)		204.4	191.8	235.5	247.9	245.1
Finance - Distress
Notices of foreclosure rate (per 1,000 1-4 family and condo properties)	3.6	2.0	8.1	2.9	2.6	1.4
Notices of foreclosure, all residential properties	351	211	966	367	350	232
Notices of foreclosure, initial, 1-4 family and condo properties	143	127	692	212	232	92
Notices of foreclosure, repeat, 1-4 family and condo properties	42	32	122	118	78	80
Pre-foreclosure notice rate (per 1,000 1-4 family and condo properties)				12.2	6.7	14.0
Pre-foreclosure notices, 1-4 family and condo properties				1,395	802	1,679
Properties entering REO, 1-4 family	7	0	5
Finance - Lending
FHA/VA-backed home purchase loans (% of home purchase loans)		0.0%	1.5%	0.0%	0.0%
Higher-cost home purchase loans (% of home purchase loans)		2.0%	0.8%	0.6%	0.5%
Higher-cost refinance loans (% of refinance loans)		9.3%	0.3%	0.5%	0.2%
Home purchase loan rate (per 1,000 properties)		34.8	19.4	17.0	26.5
Home purchase loans in LMI tracts (% of home purchase loans)		13.4%	2.0%	11.0%	9.3%
Home purchase loans to LMI borrowers (% of home purchase loans)		1.1%	15.0%	1.5%	2.0%
Refinance loan rate (per 1,000 properties)		12.3	28.3	13.5	27.3
Sales - Volume
Sales volume, 1 family building	59	81	69	53	57	94
Sales volume, 2-4 family building	155	194	95	90	87	127
Sales volume, 5+ family building	282	638	362	293	367	376
Sales volume, condominium	2,521	7,858	5,855	4,777	7,043	6,116
Sales volume, all property types	3,017	8,771	6,381	5,213	7,554	6,713
Sales - Median Prices
Median sales price per unit, 1 family building (2022$)	$5,013,240	$5,466,460	$6,663,430	$9,142,650	$6,710,990	$6,500,510
Median sales price per unit, 2-4 family building (2022$)	$450,340	$746,540	$981,810	$1,114,960	$1,259,970	$1,200,000
Median sales price per unit, 5+ family building (2022$)	$103,020	$268,630	$218,900	$461,590	$390,030	$350,000
Median sales price per unit, condominium (2022$)	$852,980	$1,180,500	$1,287,520	$1,756,060	$1,623,370	$1,606,600
Sales - Housing Price Index
Index of housing price appreciation, 1 family building	100.0	164.0	169.0	213.8	271.3	244.1
Index of housing price appreciation, 2-4 family building	100.0	249.2	202.9	388.0	412.6	380.1
Index of housing price appreciation, 5+ family building	100.0	264.1	250.9	569.8	463.8	497.7
Index of housing price appreciation, condominium	100.0	205.7	203.6	277.2	267.9	281.6
Index of housing price appreciation, all property types	100.0	211.2	208.5	290.1	278.8	293.1
Subsidized Housing
Total number of subsidized properties (properties)						3,718
HUD Financing or Insurance (properties)						105
HUD Financing or Insurance (units)						14,835
HUD Project-based Rental Assistance Program (properties)						230
HUD Project-based Rental Assistance Program (units)						29,672
Low Income Housing Tax Credit (properties)						928
Low Income Housing Tax Credit (units)						67,336
Public Housing (properties)						170
Public Housing (units)						52,066
Mitchell-Lama (properties)						65
Mitchell-Lama (units)						25,766
421-a Tax Exemption (properties)						411
421-a Tax Exemption (units)						56,916
420-c Tax Exemption (properties)						597
420-c Tax Exemption (units)						20,333
NYC Housing Production Programs and Zoning Incentives or Requirements (properties)						1,471
Eligible to expire from housing programs between 2023 and 2028 (properties)						190
Eligible to expire from housing programs between 2023 and 2028 (units)						26,343
Eligible to expire from housing programs between 2029 and 2038 (properties)						400
Eligible to expire from housing programs between 2029 and 2038 (units)						34,077
Eligible to expire from housing programs in 2039 and later (properties)						490
Eligible to expire from housing programs in 2039 and later (units)						40,724

Land Use and Development

Indicator	2000	2006	2010	2019	2021	2022
Density
Population density (1,000 persons per square mile)		71.1	70.0	71.9	69.6
Development
Units authorized by new residential building permits	1,652	0	907	5,083	2,992	11,880
Units issued new certificates of occupancy	5,057	7,028	6,657	5,306	3,568	4,690

Neighborhood Services and Conditions

Indicator	2000	2006	2010	2019	2021	2022
Commute
Car-free commute (% of commuters)	82.5%	84.0%	86.9%	88.4%	84.2%
Mean travel time to work (minutes)	30.5	30.1	30.1	31.7	31.7
Crime and Incarceration
Serious crime rate (per 1,000 residents)	32.2	22.3	17.1	17.1	16.4	20.5
Serious crime rate, property (per 1,000 residents)	23.8	16.7	12.5	12.4	11.3	14.7
Serious crime rate, violent (per 1,000 residents)	8.4	5.6	4.6	4.7	5.1	5.7
Schools
Students performing at grade level in English language arts, 4th grade				59.2%		54.6%
Students performing at grade level in math, 4th grade				56.3%		53.0%

Renters

Indicator	2000	2006	2010	2019	2021	2022
Median Rent
Median rent, 2- and 3-bedrooms (2022$)			$1,410	$1,610	$1,720
Median rent, all (2022$)	$1,350	$1,520	$1,680	$1,950	$1,980
Median rent, recent movers (2022$)			$2,530	$2,680	$2,830
Median rent, studios and 1-bedrooms (2022$)			$1,760	$2,080	$2,140
Affordability
Rental units affordable at 30% AMI (% of recently available units)			4.7%	6.5%	5.9%
Rental units affordable at 80% AMI (% of recently available units)			23.0%	26.0%	26.1%
Rental units affordable at 120% AMI (% of recently available units)			47.6%	57.8%	58.3%
Rent Burden
Moderately rent-burdened households		22.2%	23.4%	21.3%	23.7%
Moderately rent-burdened households, low income			27.3%	29.1%	28.5%
Moderately rent-burdened households, moderate income			30.2%	36.3%	32.8%
Severely rent-burdened households	20.0%		22.7%	22.2%	23.3%
Severely rent-burdened households, low income			43.3%	43.1%	44.7%
Severely rent-burdened households, moderate income			11.1%	8.2%	7.7%
Rental Subsidy
Housing choice vouchers (% of occupied, privately owned rental units)			4.1%	3.6%
Public housing (% of rental units)						8.8%

DEMOGRAPHICS

In 2021, there were an estimated 1,576,876 people in Manhattan, of which 11.8% identified as Asian, 12.2% identified as Black, 26.4% identified as Hispanic, and 44.8% identified as white.

Graph showing the racial and ethnic composition of Manhattan in both 2000 and 2017-2021.

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In 2021, the household income group with the largest share (30.0%) 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 27.2%.

Graph showing the distribution of household income in Manhattan in both 2000 and 2017-2021.

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Median household income in 2021 was $89,590, about 24% more than citywide median household income ($72,150). The poverty rate in Manhattan was 17.3% in 2021 compared to 18.0% citywide.

The poverty rate in Manhattan was 17.3% 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 Manhattan in both 2010 and 2017-2021.

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HOUSING

Renters

Real median gross rent in Manhattan increased from $1,520 in 2006 to $1,980 in 2021. This represents a 30.3% increase over the same period. As of 2021, the change in median gross rent outpaced the change in median household income by 21.8 percentage points. In 2021, 23.3% of renter households in Manhattan were severely rent burdened (spent more than 50% of household income on rent). 26.1% of the rental units were affordable at 80% Area Median Income, 3 percentage points higher than the share in 2010. 8.8% of the rental units were public housing rental units, as of 2022. The overall rental vacancy rate in Manhattan was 5.5% in 2021.

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Graph showing the change in real median gross rent and median renter household income in Manhattan from 2006 to 2021.

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8.8% of the rental units in Manhattan are public housing rental units in 2022.

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Homeowners

In 2021, the homeownership rate in Manhattan was 25.0%, which is lower than the citywide share of 33.3%. The homeownership rate in the neighborhood has increased by 2.7 percentage points since 2010. In 2021, the home purchase loan rate was 26.5 per 1,000 properties (owner-occupied 1-4 family buildings, condominiums, or cooperative apartments) and the refinance loan rate was 27.3 per 1,000 properties in the neighborhood. Out of all the first-time home purchase loans and refinance loans in Manhattan, 0.5% and 0.2% were high cost loans, respectively. 232 properties had a filing of mortgage foreclosure in Manhattan in 2022. There were 1.4 mortgage foreclosure actions initiated per 1,000 1-4 family properties and condominium units.

There were 1.4 mortgage foreclosure notices per 1,000 1-4 family properties and condominium units in Manhattan in 2022.

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Development

The Department of Buildings issued new certificates of occupancy to 4,690 residential units in new buildings in Manhattan in 2022, 1,122 more than the number of units certified in 2021.

Department of Buildings issued new certificates of occupancy to 4,690 residential units in new buildings in Manhattan last year, the same as the number of units certified in 2022.

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Over the last decade, 49,094 units in 4+ unit buildings were built in Manhattan. 76% were market rate, compared to 19% 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 20.5 serious crimes per 1,000 residents in 2022, compared to 14.2 serious crimes per 1,000 residents citywide.

The serious crime rate was 20.5 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 .