Midtown Neighborhood Profile

Neighborhood Indicators

Demographics

Indicator	2000	2006	2010	2019	2021
Population
Born in New York State info		38.1%	35.1%	35.7%	38.3%
Disabled population info			4.7%	6.4%	5.1%
Foreign-born population info	25.3%	24.0%	27.0%	27.0%	27.5%
Population info	122,241	131,439	134,471	167,290	151,924
Population aged 65+ info	11.4%	11.3%	11.9%	16.4%	15.2%
Households
Households with children under 18 years old info	8.4%	8.7%	9.2%	8.7%	7.9%
Single-person households info		63.4%	58.0%	57.6%	60.8%
Race and Ethnicity
Percent Asian info	9.8%	13.7%	13.9%	15.8%	16.8%
Percent Black info	6.6%	6.0%	6.3%	4.6%	8.3%
Percent Hispanic info	16.8%	14.6%	12.6%	17.4%	17.4%
Percent white info	63.5%	64.0%	63.6%	58.6%	51.6%
Racial diversity index info	0.55	0.55	0.56	0.60	0.67
Income and Poverty
Income diversity ratio info		7.2	8.2	6.3	7.9
Median household income (2022$) info	$96,370	$102,170	$100,230	$134,070	$98,510
Median household income, homeowners (2022$) info		$161,630	$148,170	$182,440	$182,860
Median household income, renters (2022$) info		$88,790	$90,320	$118,330	$85,230
Poverty rate info	14.4%	13.6%	11.7%	11.1%	15.3%
Poverty rate, population aged 65+ info		15.3%	15.4%	24.2%	15.1%
Poverty rate, population under 18 years old info		19.4%	14.7%	9.4%	21.5%
Labor Market
Labor force participation rate info		76.2%	74.6%	73.1%	72.4%
Population aged 25+ without a high school diploma info		8.4%	7.7%	6.9%	4.6%
Unemployment rate info	7.33%	5.49%	8.29%	2.64%	9.47%

Housing Market and Conditions

Indicator	2000	2006	2010	2019	2021	2022
Housing Stock
Homeownership rate info	20.2%	20.1%	24.9%	22.8%	21.2%
Housing units info		90,715	91,373	111,154	115,616
Rental vacancy rate info			3.9%	6.8%	8.0%
Serious housing code violations (per 1,000 privately owned rental units)		6.8	7.1	11.0	17.2	23.0
Severe crowding rate (% of renter households) info			2.6%	3.6%	2.5%
Total housing code violations (per 1,000 privately owned rental units)		42.9	37.3	53.8	84.3	89.0
Finance - Distress
Notices of foreclosure rate (per 1,000 1-4 family and condo properties)	0.9	1.6	17.3	1.6	6.5	1.8
Notices of foreclosure, all residential properties	5	13	172	19	75	22
Notices of foreclosure, initial, 1-4 family and condo properties	4	10	99	6	73	15
Notices of foreclosure, repeat, 1-4 family and condo properties	1	3	69	12	1	7
Pre-foreclosure notice rate (per 1,000 1-4 family and condo properties)				7.5	3.4	7.8
Pre-foreclosure notices, 1-4 family and condo properties				84	41	94
Properties entering REO, 1-4 family	0	0	0
Finance - Lending
FHA/VA-backed home purchase loans (% of home purchase loans)		0.0%	0.2%	0.1%	0.0%
Higher-cost home purchase loans (% of home purchase loans)		3.0%	0.6%	1.2%	0.6%
Higher-cost refinance loans (% of refinance loans)		8.4%	0.3%	0.7%	0.2%
Home purchase loan rate (per 1,000 properties)		54.9	20.4	16.5	26.8
Home purchase loans in LMI tracts (% of home purchase loans)		1.4%	1.8%	1.2%	2.1%
Home purchase loans to LMI borrowers (% of home purchase loans)		0.5%	2.3%	1.7%	2.2%
Refinance loan rate (per 1,000 properties)		11.6	25.9	13.6	24.0
Sales - Volume
Sales volume, 1 family building	0	1	0	0	0	1
Sales volume, 2-4 family building	0	3	0	0	0	2
Sales volume, 5+ family building	7	15	11	7	6	9
Sales volume, condominium	337	1,006	627	511	707	755
Sales volume, all property types	344	1,025	638	518	713	767
Sales - Median Prices
Median sales price per unit, 1 family building (2022$)		$4,279,720				$6,400,000
Median sales price per unit, 2-4 family building (2022$)		$2,564,600				$1,875,000
Median sales price per unit, 5+ family building (2022$)	$265,530	$880,220	$621,240	$1,112,690	$935,060	$588,910
Median sales price per unit, condominium (2022$)	$790,220	$1,395,130	$1,648,150	$2,363,710	$1,971,710	$2,125,000
Sales - Housing Price Index
Index of housing price appreciation, 1 family building info	100.0
Index of housing price appreciation, 2-4 family building info	100.0
Index of housing price appreciation, 5+ family building	100.0	382.2	344.5	617.9	156.9	92.0
Index of housing price appreciation, condominium	100.0	209.9	202.5	258.7	246.7	258.4
Index of housing price appreciation, all property types	100.0	211.5	204.1	263.5	247.2	259.2
Subsidized Housing
Total number of subsidized properties (properties)						46
HUD Financing or Insurance (properties)						0
HUD Financing or Insurance (units)						0
HUD Project-based Rental Assistance Program (properties)						1
HUD Project-based Rental Assistance Program (units)						278
Low Income Housing Tax Credit (properties)						15
Low Income Housing Tax Credit (units)						5,282
Public Housing (properties)						0
Public Housing (units)						0
Mitchell-Lama (properties)						0
Mitchell-Lama (units)						0
421-a Tax Exemption (properties)						20
421-a Tax Exemption (units)						5,348
420-c Tax Exemption (properties)						3
420-c Tax Exemption (units)						1,162
NYC Housing Production Programs and Zoning Incentives or Requirements (properties)						22
Eligible to expire from housing programs between 2023 and 2028 (properties)						3
Eligible to expire from housing programs between 2023 and 2028 (units)						1,253
Eligible to expire from housing programs between 2029 and 2038 (properties)						9
Eligible to expire from housing programs between 2029 and 2038 (units)						3,040
Eligible to expire from housing programs in 2039 and later (properties)						3
Eligible to expire from housing programs in 2039 and later (units)						978

Land Use and Development

Indicator	2000	2006	2010	2019	2021	2022
Density
Population density (1,000 persons per square mile) info		42.6	43.6	54.3	49.3
Development
Units authorized by new residential building permits	1,174	0	14	99	41	701
Units issued new certificates of occupancy	594	655	538	586	199	400

Neighborhood Services and Conditions

Indicator	2000	2006	2010	2019	2021	2022
Commute
Car-free commute (% of commuters) info	86.7%	87.7%	88.2%	89.3%	84.4%
Mean travel time to work (minutes)	24.8	24.2	24.9	27.5	28.2
Crime and Incarceration
Serious crime rate (per 1,000 residents)		160.2	105.7	92.7	68.9	93.4
Serious crime rate, property (per 1,000 residents)		143.1	95.2	82.1	53.7	76.9
Serious crime rate, violent (per 1,000 residents)		17.1	10.6	10.6	15.2	16.5
Schools
Students performing at grade level in English language arts, 4th grade				83.3%		75.4%
Students performing at grade level in math, 4th grade				80.3%		75.4%

Renters

Indicator	2000	2006	2010	2019	2021	2022
Median Rent
Median rent, 2- and 3-bedrooms (2022$) info			$2,030	$2,340	$2,440
Median rent, all (2022$) info	$1,690	$2,020	$2,090	$2,230	$2,550
Median rent, recent movers (2022$) info			$2,980	$3,070	$3,320
Median rent, studios and 1-bedrooms (2022$) info			$2,130	$2,370	$2,380
Change in collected rent (2019-2020)					-5.6%
Affordability
Rental units affordable at 30% AMI (% of recently available units)			4.1%	6.5%	5.2%
Rental units affordable at 80% AMI (% of recently available units)			15.4%	23.3%	22.4%
Rental units affordable at 120% AMI (% of recently available units)			31.5%	43.5%	44.6%
Rent Burden
Moderately rent-burdened households info		21.6%	22.6%	21.8%	25.4%
Moderately rent-burdened households, low income info			24.4%	28.4%	31.9%
Moderately rent-burdened households, moderate income info			33.4%	38.0%	36.4%
Severely rent-burdened households info	18.4%		19.9%	19.5%	19.8%
Severely rent-burdened households, low income info			46.3%	45.6%	41.1%
Severely rent-burdened households, moderate income info			17.8%	18.5%	15.2%
Rental Subsidy
Housing choice vouchers (% of occupied, privately owned rental units) info			2.2%	1.9%
Public housing (% of rental units) info						0.0%

DEMOGRAPHICS

In 2021, there were an estimated 151,924 people in Midtown, of which 16.8% identified as Asian, 8.3% identified as Black, 17.4% identified as Hispanic, and 51.6% identified as white.

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

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In 2021, the household income group with the largest share (34.3%) 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 31.0%.

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

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Median household income in 2021 was $98,510, about 37% more than citywide median household income ($72,150). The poverty rate in Midtown was 15.3% in 2021 compared to 18.0% citywide.

The poverty rate in Midtown was 15.3% 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 Midtown in both 2010 and 2017-2021.

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HOUSING

Renters

Real median gross rent in Midtown increased from $2,020 in 2006 to $2,550 in 2021. This represents a 26.2% increase over the same period. As of 2021, the change in median gross rent outpaced the change in median household income by 30.2 percentage points. In 2021, 19.8% of renter households in Midtown were severely rent burdened (spent more than 50% of household income on rent). 22.4% of the rental units were affordable at 80% Area Median Income, 7 percentage points higher than the share in 2010. None of the rental units were public housing rental units, as of 2022. The overall rental vacancy rate in Midtown was 8.0% in 2021.

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

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None of the rental units in Midtown are public housing rental units in 2022.

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Homeowners

In 2021, the homeownership rate in Midtown was 21.2%, which is lower than the citywide share of 33.3%. The homeownership rate in the neighborhood has decreased by 3.7 percentage points since 2010. In 2021, the home purchase loan rate was 26.8 per 1,000 properties (owner-occupied 1-4 family buildings, condominiums, or cooperative apartments) and the refinance loan rate was 24.0 per 1,000 properties in the neighborhood. Out of all the first-time home purchase loans and refinance loans in Midtown, 0.6% and 0.2% were high cost loans, respectively. 22 properties had a filing of mortgage foreclosure in Midtown in 2022. There were 1.8 mortgage foreclosure actions initiated per 1,000 1-4 family properties and condominium units.

There were 1.8 mortgage foreclosure notices per 1,000 1-4 family properties and condominium units in Midtown in 2022

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Development

The Department of Buildings issued new certificates of occupancy to 400 residential units in new buildings in Midtown in 2022, 201 more than the number of units certified in 2021.

Department of Buildings issued new certificates of occupancy to 400 residential units in new buildings in Midtown last year, the same as the number of units certified in 2022.

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Over the last decade, 4,800 units in 4+ unit buildings were built in Midtown. 93% were market rate, compared to 6% 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 93.4 serious crimes per 1,000 residents in 2022, compared to 14.2 serious crimes per 1,000 residents citywide.

The serious crime rate was 93.4 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: Community districts MN04 and MN05 both fall within sub-borough area 303. Data reported at the sub-borough level are identical. 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 .