Park Slope/Carroll Gardens Neighborhood Profile

Neighborhood Indicators

Demographics

Indicator	2000	2006	2010	2019	2021
Population
Born in New York State		53.4%	51.9%	48.6%	46.7%
Disabled population			4.6%	3.1%	5.3%
Foreign-born population	17.4%	16.6%	16.1%	16.7%	17.5%
Population	105,555	110,032	119,558	114,043	117,511
Population aged 65+	8.6%	8.1%	7.8%	10.6%	11.1%
Households
Households with children under 18 years old	25.1%	26.3%	29.2%	34.6%	28.3%
Single-person households		34.1%	28.7%	24.3%	29.2%
Race and Ethnicity
Percent Asian	4.7%	6.8%	6.0%	8.5%	7.5%
Percent Black	11.2%	8.2%	8.6%	8.5%	9.1%
Percent Hispanic	24.2%	21.8%	19.8%	10.5%	16.2%
Percent white	56.0%	60.6%	62.2%	67.8%	61.8%
Racial diversity index	0.61	0.57	0.56	0.52	0.58
Income and Poverty
Income diversity ratio		4.4	5.7	4.9	5.8
Median household income (2022$)	$92,870	$104,280	$106,800	$173,100	$153,570
Median household income, homeowners (2022$)		$157,770	$159,100	$251,170	$228,350
Median household income, renters (2022$)		$87,250	$80,160	$137,480	$114,510
Poverty rate	14.4%	12.0%	11.3%	7.6%	7.2%
Poverty rate, population aged 65+		21.5%	16.7%	13.1%	10.2%
Poverty rate, population under 18 years old		17.1%	13.3%	6.6%	5.3%
Labor Market
Labor force participation rate		74.4%	76.7%	77.1%	78.3%
Population aged 25+ without a high school diploma		12.0%	9.5%	5.4%	4.9%
Unemployment rate	5.51%	5.14%	7.88%	3.41%	8.79%

Housing Market and Conditions

Indicator	2000	2006	2010	2019	2021	2022
Housing Stock
Homeownership rate	28.7%	34.7%	36.0%	39.5%	35.8%
Housing units		50,284	55,234	50,019	56,647
Rental vacancy rate			2.5%	3.1%	5.3%
Serious housing code violations (per 1,000 privately owned rental units)		20.3	18.0	25.7	46.2	38.3
Severe crowding rate (% of renter households)			1.6%	2.5%	2.4%
Total housing code violations (per 1,000 privately owned rental units)		115.5	76.9	110.2	314.1	266.4
Finance - Distress
Notices of foreclosure rate (per 1,000 1-4 family and condo properties)	3.8	3.9	4.4	2.3	0.9	3.2
Notices of foreclosure, all residential properties	43	48	69	34	14	53
Notices of foreclosure, initial, 1-4 family and condo properties	23	33	38	15	8	29
Notices of foreclosure, repeat, 1-4 family and condo properties	13	10	17	16	5	15
Pre-foreclosure notice rate (per 1,000 1-4 family and condo properties)				13.5	8.2	16.4
Pre-foreclosure notices, 1-4 family and condo properties				182	114	228
Properties entering REO, 1-4 family	4	1	0
Finance - Lending
FHA/VA-backed home purchase loans (% of home purchase loans)		0.1%	6.4%	0.0%	0.2%
Higher-cost home purchase loans (% of home purchase loans)		4.1%	0.7%	0.5%	0.6%
Higher-cost refinance loans (% of refinance loans)		14.5%	1.2%	0.5%	0.3%
Home purchase loan rate (per 1,000 properties)		49.8	42.7	32.9	60.4
Home purchase loans in LMI tracts (% of home purchase loans)		7.8%	6.0%	0.3%	0.4%
Home purchase loans to LMI borrowers (% of home purchase loans)		1.7%	19.7%	0.6%	1.1%
Refinance loan rate (per 1,000 properties)		30.2	38.6	28.9	63.2
Sales - Volume
Sales volume, 1 family building	33	28	28	22	45	42
Sales volume, 2-4 family building	226	293	166	110	172	221
Sales volume, 5+ family building	35	54	37	25	42	50
Sales volume, condominium	136	317	404	313	519	421
Sales volume, all property types	430	692	635	470	778	734
Sales - Median Prices
Median sales price per unit, 1 family building (2022$)	$722,250	$1,774,140	$1,924,350	$2,811,240	$3,978,850	$3,547,500
Median sales price per unit, 2-4 family building (2022$)	$325,010	$667,500	$658,300	$1,114,770	$1,136,180	$1,132,500
Median sales price per unit, 5+ family building (2022$)	$106,000	$199,900	$208,290	$696,850	$367,600	$557,780
Median sales price per unit, condominium (2022$)	$422,180	$922,930	$809,530	$1,521,920	$1,315,670	$1,541,250
Sales - Housing Price Index
Index of housing price appreciation, 1 family building	100.0	241.5	220.5	446.6	455.7	538.1
Index of housing price appreciation, 2-4 family building	100.0	247.6	255.4	466.1	517.6	547.6
Index of housing price appreciation, 5+ family building	100.0	247.1	325.2	761.8	630.9	855.4
Index of housing price appreciation, condominium	100.0	262.3	253.1	427.5	455.7	496.3
Index of housing price appreciation, all property types	100.0	258.1	263.1	458.1	487.7	543.2
Subsidized Housing
Total number of subsidized properties (properties)						112
HUD Financing or Insurance (properties)						0
HUD Financing or Insurance (units)						0
HUD Project-based Rental Assistance Program (properties)						2
HUD Project-based Rental Assistance Program (units)						126
Low Income Housing Tax Credit (properties)						22
Low Income Housing Tax Credit (units)						682
Public Housing (properties)						6
Public Housing (units)						4,781
Mitchell-Lama (properties)						0
Mitchell-Lama (units)						0
421-a Tax Exemption (properties)						114
421-a Tax Exemption (units)						3,989
420-c Tax Exemption (properties)						31
420-c Tax Exemption (units)						424
NYC Housing Production Programs and Zoning Incentives or Requirements (properties)						46
Eligible to expire from housing programs between 2023 and 2028 (properties)						8
Eligible to expire from housing programs between 2023 and 2028 (units)						158
Eligible to expire from housing programs between 2029 and 2038 (properties)						10
Eligible to expire from housing programs between 2029 and 2038 (units)						212
Eligible to expire from housing programs in 2039 and later (properties)						5
Eligible to expire from housing programs in 2039 and later (units)						337

Land Use and Development

Indicator	2000	2006	2010	2019	2021	2022
Density
Population density (1,000 persons per square mile)		27.5	29.9	28.5	29.4
Development
Units authorized by new residential building permits	101	0	15	199	208	7,206
Units issued new certificates of occupancy	34	180	417	67	133	181

Neighborhood Services and Conditions

Indicator	2000	2006	2010	2019	2021	2022
Commute
Car-free commute (% of commuters)	81.5%	82.9%	88.6%	87.4%	81.6%
Mean travel time to work (minutes)	37.9	37.4	37.5	39.9	35.5
Crime and Incarceration
Serious crime rate (per 1,000 residents)		14.8	12.5	9.0	9.4	12.0
Serious crime rate, property (per 1,000 residents)		10.6	9.3	6.8	6.8	8.8
Serious crime rate, violent (per 1,000 residents)		4.2	3.2	2.2	2.6	3.3
Schools
Students performing at grade level in English language arts, 4th grade				73.8%		75.6%
Students performing at grade level in math, 4th grade				70.4%		73.7%

Renters

Indicator	2000	2006	2010	2019	2021	2022
Median Rent
Median rent, 2- and 3-bedrooms (2022$)			$2,090	$2,790	$2,950
Median rent, all (2022$)	$1,500	$1,880	$2,100	$2,600	$2,600
Median rent, recent movers (2022$)			$2,510	$2,880	$3,050
Median rent, studios and 1-bedrooms (2022$)			$1,970	$2,230	$2,340
Change in collected rent (2019-2020)					-2.8%
Affordability
Rental units affordable at 30% AMI (% of recently available units)			2.8%	2.1%	2.2%
Rental units affordable at 80% AMI (% of recently available units)			10.1%	15.2%	14.8%
Rental units affordable at 120% AMI (% of recently available units)			55.5%	59.6%	60.3%
Rent Burden
Moderately rent-burdened households		19.0%	25.7%	19.4%	23.0%
Moderately rent-burdened households, low income			30.1%	24.1%	31.3%
Moderately rent-burdened households, moderate income			42.1%	49.3%	42.4%
Severely rent-burdened households	18.4%		17.1%	17.2%	14.5%
Severely rent-burdened households, low income			40.7%	47.1%	42.6%
Severely rent-burdened households, moderate income			5.1%	3.7%	3.3%
Rental Subsidy
Housing choice vouchers (% of occupied, privately owned rental units)			1.2%	0.9%
Public housing (% of rental units)						11.0%

DEMOGRAPHICS

In 2021, there were an estimated 117,511 people in Park Slope/Carroll Gardens, of which 7.5% identified as Asian, 9.1% identified as Black, 16.2% identified as Hispanic, and 61.8% identified as white.

Graph showing the racial and ethnic composition of Park Slope/Carroll Gardens in both 2000 and 2017-2021.

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In 2021, the household income group with the largest share (39.4%) 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 35.5%.

Graph showing the distribution of household income in Park Slope/Carroll Gardens in both 2000 and 2017-2021.

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Median household income in 2021 was $153,570, about 113% more than citywide median household income ($72,150). The poverty rate in Park Slope/Carroll Gardens was 7.2% in 2021 compared to 18.0% citywide.

The poverty rate in Park Slope/Carroll Gardens was 7.2% 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 Park Slope/Carroll Gardens in both 2010 and 2017-2021.

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HOUSING

Renters

Real median gross rent in Park Slope/Carroll Gardens increased from $1,880 in 2006 to $2,600 in 2021. This represents a 38.3% increase over the same period. As of 2021, the change in median gross rent outpaced the change in median household income by 7.1 percentage points. In 2021, 14.5% of renter households in Park Slope/Carroll Gardens were severely rent burdened (spent more than 50% of household income on rent). 14.8% of the rental units were affordable at 80% Area Median Income, 5 percentage points higher than the share in 2010. 11.0% of the rental units were public housing rental units, as of 2022. The overall rental vacancy rate in Park Slope/Carroll Gardens was 5.3% in 2021.

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Graph showing the change in real median gross rent and median renter household income in Park Slope/Carroll Gardens from 2006 to 2021.

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11.0% of the rental units in Park Slope/Carroll Gardens are public housing rental units in 2022.

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Homeowners

In 2021, the homeownership rate in Park Slope/Carroll Gardens was 35.8%, which is higher than the citywide share of 33.3%. The homeownership rate in the neighborhood has decreased by 0.2 percentage points since 2010. In 2021, the home purchase loan rate was 60.4 per 1,000 properties (owner-occupied 1-4 family buildings, condominiums, or cooperative apartments) and the refinance loan rate was 63.2 per 1,000 properties in the neighborhood. Out of all the first-time home purchase loans and refinance loans in Park Slope/Carroll Gardens, 0.6% and 0.3% were high cost loans, respectively. 53 properties had a filing of mortgage foreclosure in Park Slope/Carroll Gardens in 2022. There were 3.2 mortgage foreclosure actions initiated per 1,000 1-4 family properties and condominium units.

There were 3.2 mortgage foreclosure notices per 1,000 1-4 family properties and condominium units in Park Slope/Carroll Gardens in 2022

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Development

The Department of Buildings issued new certificates of occupancy to 181 residential units in new buildings in Park Slope/Carroll Gardens in 2022, 48 more than the number of units certified in 2021.

Department of Buildings issued new certificates of occupancy to 181 residential units in new buildings in Park Slope/Carroll Gardens last year, the same as the number of units certified in 2022.

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Over the last decade, 3,426 units in 4+ unit buildings were built in Park Slope/Carroll Gardens. 87% were market rate, compared to 8% 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 12.0 serious crimes per 1,000 residents in 2022, compared to 14.2 serious crimes per 1,000 residents citywide.

The serious crime rate was 12.0 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 .