Park Slope/Carroll Gardens Neighborhood Profile

Neighborhood Indicators

Demographics

Indicator	2000	2006	2010	2019
Population
Born in New York State		53.4%	51.9%	48.6%
Disabled population			4.6%	3.1%
Foreign-born population	17.4%	16.6%	16.1%	16.7%
Population	105,555	110,032	119,558	114,043
Population aged 65+	8.6%	8.1%	7.8%	10.6%
Households
Households with children under 18 years old	25.1%	26.3%	29.2%	34.6%
Single-person households		34.1%	28.7%	24.3%
Race and Ethnicity
Percent Asian	4.7%	6.8%	6.0%	8.5%
Percent Black	11.2%	8.2%	8.6%	8.5%
Percent Hispanic	24.2%	21.8%	19.8%	10.5%
Percent white	56.0%	60.6%	62.2%	67.8%
Racial diversity index	0.61	0.57	0.56	0.52
Income and Poverty
Income diversity ratio		4.4	5.7	4.9
Median household income (2021$)	$87,530	$98,280	$100,650	$163,140
Median household income, homeowners (2021$)		$148,690	$149,950	$236,720
Median household income, renters (2021$)		$82,230	$75,550	$129,570
Poverty rate	14.4%	12.0%	11.3%	7.6%
Poverty rate, population aged 65+		21.5%	16.7%	13.1%
Poverty rate, population under 18 years old		17.1%	13.3%	6.6%
Labor Market
Labor force participation rate		74.4%	76.7%	77.1%
Population aged 25+ without a high school diploma		12.0%	9.5%	5.4%
Unemployment rate	5.51%	5.14%	7.88%	3.41%

Housing Market and Conditions

Indicator	2000	2006	2010	2019	2020	2021
Housing Stock
Homeownership rate	28.7%	34.7%	36.0%	39.5%
Housing units		50,284	55,234	50,019
Rental vacancy rate			2.5%	3.1%
Serious housing code violations (per 1,000 privately owned rental units)		20.3	18.0	25.7	32.2	46.2
Severe crowding rate (% of renter households)			1.6%	2.5%
Total housing code violations (per 1,000 privately owned rental units)		115.5	76.9	110.2	117.8	314.1
Finance - Distress
Notices of foreclosure rate (per 1,000 1-4 family and condo properties)	3.8	3.9	4.4	2.3	0.5	0.9
Notices of foreclosure, all residential properties	43	48	69	34	8	14
Notices of foreclosure, initial, 1-4 family and condo properties	23	33	38	15	4	8
Notices of foreclosure, repeat, 1-4 family and condo properties	13	10	17	16	3	5
Pre-foreclosure notice rate (per 1,000 1-4 family and condo properties)				13.5	9.3	8.2
Pre-foreclosure notices, 1-4 family and condo properties				182	127	114
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%	0.0%
Higher-cost home purchase loans (% of home purchase loans)		4.1%	0.7%	0.5%	0.3%
Higher-cost refinance loans (% of refinance loans)		14.5%	1.2%	0.5%	0.2%
Home purchase loan rate (per 1,000 properties)		49.8	42.7	32.9	33.1
Home purchase loans in LMI tracts (% of home purchase loans)		7.8%	6.0%	0.3%	0.3%
Home purchase loans to LMI borrowers (% of home purchase loans)		1.7%	19.7%	0.6%	0.6%
Refinance loan rate (per 1,000 properties)		30.2	38.6	28.9	53.9
Sales - Volume
Sales volume, 1 family building	33	28	28	22	25	45
Sales volume, 2-4 family building	226	293	166	110	113	198
Sales volume, 5+ family building	35	53	36	25	38	44
Sales volume, condominium	136	317	404	313	270	541
Sales volume, all property types	430	691	634	470	446	828
Sales - Median Prices
Median sales price per unit, 1 family building (2021$)		$1,672,100	$1,813,670	$2,649,540	$3,410,480	$3,750,000
Median sales price per unit, 2-4 family building (2021$)		$629,110	$620,430	$1,050,650	$1,033,160	$1,100,000
Median sales price per unit, 5+ family building (2021$)		$193,100	$204,340	$656,770	$430,050	$358,960
Median sales price per unit, condominium (2021$)		$869,850	$762,970	$1,434,380	$1,386,520	$1,225,000
Sales - Housing Price Index
Index of housing price appreciation, 1 family building	100.0	242.3	235.9	478.4	529.6	411.6
Index of housing price appreciation, 2-4 family building	100.0	250.0	258.1	479.6	547.1	523.6
Index of housing price appreciation, 5+ family building	100.0	259.2	330.8	775.8	684.3	625.9
Index of housing price appreciation, condominium	100.0	271.0	261.4	449.9	441.9	477.3
Index of housing price appreciation, all property types	100.0	263.4	268.8	477.5	481.6	505.8
Subsidized Housing
Total number of subsidized properties (properties)						107
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)						24
Low Income Housing Tax Credit (units)						797
Public Housing (properties)						6
Public Housing (units)						4,781
Mitchell-Lama (properties)						0
Mitchell-Lama (units)						0
421-a Tax Exemption (properties)						58
421-a Tax Exemption (units)						2,831
420-c Tax Exemption (properties)						24
420-c Tax Exemption (units)						346
NYC Housing Production Programs and Zoning Incentives or Requirements (properties)						46
Eligible to expire from housing programs between 2022 and 2027 (properties)						9
Eligible to expire from housing programs between 2022 and 2027 (units)						253
Eligible to expire from housing programs between 2028 and 2037 (properties)						10
Eligible to expire from housing programs between 2028 and 2037 (units)						212
Eligible to expire from housing programs in 2038 and later (properties)						6
Eligible to expire from housing programs in 2038 and later (units)						357

Land Use and Development

Indicator	2000	2006	2010	2019	2020
Density
Population density (1,000 persons per square mile)		27.5	29.9	28.5
Development
Units authorized by new residential building permits	101	0	15	199	106
Units issued new certificates of occupancy	34	180	417	67	262

Neighborhood Services and Conditions

Indicator	2000	2006	2010	2019	2020	2021
Commute
Car-free commute (% of commuters)	81.5%	82.9%	88.6%	87.4%
Mean travel time to work (minutes)	37.9	37.4	37.5	39.9
Crime and Incarceration
Serious crime rate (per 1,000 residents)		14.8	12.5	9.0	9.5	9.9
Serious crime rate, property (per 1,000 residents)		10.6	9.3	6.8	6.8	7.1
Serious crime rate, violent (per 1,000 residents)		4.2	3.2	2.2	2.7	2.8
Schools
Students performing at grade level in English language arts, 4th grade				73.8%
Students performing at grade level in math, 4th grade				70.4%

Renters

Indicator	2000	2006	2010	2019	2020	2021
Median Rent
Median rent, 2- and 3-bedrooms (2021$)			$1,970	$2,630
Median rent, all (2021$)	$1,410	$1,770	$1,980	$2,450
Median rent, recent movers (2021$)			$2,360	$2,710
Median rent, studios and 1-bedrooms (2021$)			$1,860	$2,100
Change in collected rent (2019-2020)					-4.5%
Affordability
Rental units affordable at 30% AMI (% of recently available units)			2.8%	2.1%
Rental units affordable at 80% AMI (% of recently available units)			10.1%	15.2%
Rental units affordable at 120% AMI (% of recently available units)			55.5%	59.6%
Rent Burden
Moderately rent-burdened households		19.0%	25.7%	19.4%
Moderately rent-burdened households, low income			30.1%	24.1%
Moderately rent-burdened households, moderate income			42.1%	49.3%
Severely rent-burdened households	18.4%		17.1%	17.2%
Severely rent-burdened households, low income			40.7%	47.1%
Severely rent-burdened households, moderate income			5.1%	3.7%
Rental Subsidy
Housing choice vouchers (% of occupied, privately owned rental units)			1.2%	0.9%	0.9%
Public housing (% of rental units)						11.0%

DEMOGRAPHICS

In 2019, there were an estimated 114,043 people in Park Slope/Carroll Gardens, of which 8.5% of the population identified as Asian, 8.5% identified as Black, 10.5% identified as Hispanic, and 67.8% identified as white.

Graph showing the racial and ethnic composition of Park Slope/Carroll Gardens in both 2000 and 2015-2019.

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In 2019, the household income group with the largest share (39.5%) 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 33.7%.

Graph showing the distribution of household income in Park Slope/Carroll Gardens in both 2000 and 2015-2019.

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Median household income in 2019 was $163,140, about 124% more than citywide median household income ($72,930). The poverty rate in Park Slope/Carroll Gardens was 7.6% in 2019 compared to 16.0% citywide.

The poverty rate in Park Slope/Carroll Gardens was 7.6% in 2019 compared to 16.0% 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 2019. This is a new figure made for the 2021 State of the City report.

Graph showing the distribution of rents in Park Slope/Carroll Gardens in both 2010 and 2015-2019.

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HOUSING

Renters

Real median gross rent in Park Slope/Carroll Gardens increased from $1,770 in 2006 to $2,450 in 2019. In 2019, 17.2% of renter households in Park Slope/Carroll Gardens were severely rent burdened (spent more than 50% of household income on rent). 15.2% of the rental units were affordable at 80% Area Median Income, 5 percentage points higher than the share in 2010. 11.0% of rental units were public housing rental units, as of 2021. The overall rental vacancy rate in Park Slope/Carroll Gardens was 3.1% in 2019.

Real median gross rent in Park Slope/Carroll Gardens increased from $1,620 in 2007 to $2,450 in 2019.

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11.0% of the rental units in Park Slope/Carroll Gardens are public housing rental units in 2021.

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Homeowners

In 2019, the homeownership rate in Park Slope/Carroll Gardens was 39.5%, higher than the citywide share of 31.9%. The homeownership rate in the neighborhood has increased by 3.5 percentage points since 2010. In 2020, the home purchase loan rate was 33.1 per 1,000 properties (owner-occupied 1-4 family buildings, condominiums, or cooperative apartments) and the refinance loan rate was 53.9 per 1,000 properties in the neighborhood. Out of all the first-time home purchase loans and refinance loans in Park Slope/Carroll Gardens, 0.3% and 0.2% were high cost loans, respectively. 14 properties had a filing of mortgage foreclosure in Park Slope/Carroll Gardens in 2021. There were 0.9 mortgage foreclosure actions initiated per 1,000 1-4 family properties and condominium units.

There were 0.9 mortgage foreclosure notices per 1,000 1-4 family properties and condominium units in Park Slope/Carroll Gardens in 2021

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Development

Department of Buildings issued new certificates of occupancy to 262 residential units in new buildings in Park Slope/Carroll Gardens in 2020, 195 more than the number of units certified in 2019.

Department of Buildings issued new certificates of occupancy to 262 residential units in new buildings in Park Slope/Carroll Gardens last year, 195 more than the number of units certified in 2019.

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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% low-income. 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 methdology in the technical appendix of the 2021 Focus Report.

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NEIGHBORHOOD SERVICES AND CONDITIONS

The serious crime rate was 9.9 serious crimes per 1,000 residents in 2021, compared to 12.2 serious crimes per 1,000 residents citywide.

The serious crime rate was 9.9 serious crimes per 1,000 residents in 2021, compared to 12.2 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 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.