NYU Furman Center

State of New York City’s Housing & Neighborhoods

State of the City 2019

Park Slope/Carroll Gardens BK06

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DEMOGRAPHICS
In 2018, there were about 116,351 people in Park Slope/Carroll Gardens, with 9.3% of the population identified as Asian, 7.8% identified as black, 14.4% identified as Hispanic, and 62.2% identified as white. Median household income in 2018 was $124,670, about 92% more than citywide median household income ($64,850). The poverty rate in Park Slope/Carroll Gardens was 12.3% in 2018 compared to 17.3% citywide.

Poverty Rate, 2018

The poverty rate in Park Slope/Carroll Gardens was 12.3% in 2018 compared to 17.3% citywide.
Sources: American Community Survey, NYU Furman Center
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HOUSING

Renters

Real median gross rent in Park Slope/Carroll Gardens increased from $1,690 in 2006 to $2,150 in 2018. In 2018, 17.5% of renter households in Park Slope/Carroll Gardens were severely rent burdened (spent more than 50% of household income on rent). 13.5% of the rental units are affordable at the 80% Area Median Income, 3 percentage points higher than the share in 2010. 9.4% of the rental units are public housing rental units in 2018. The overall rental vacancy rate in Park Slope/Carroll Gardens was 3.0%.

Real Median Gross Rent 2006 - 2018 (2019$)

Real median gross rent in Park Slope/Carroll Gardens increased from $1,690 in 2006 to $2,150 in 2018.
Sources: American Community Survey, NYU Furman Center
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Share of Rental Units Located in New York City Housing Authority Public Housing

9.4% of the rental units in Park Slope/Carroll Gardens are public housing rental units in 2018.
Sources: American Community Survey, NYU Furman Center
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Homeowners

In 2018, the homeownership rate in Park Slope/Carroll Gardens was 38.2%, higher than the citywide share of 32.8%. The homeownership rate in the neighborhood has increased by 2.2 percentage points since 2010. In 2018, the home purchase loan rate was 32.0 per 1,000 properties (owner-occupied 1-4 family buildings, condominiums, or cooperative apartments) and the refinance loan rate was 18.5 per 1,000 properties in the neighborhood. 31 properties had a filing of mortgage foreclosure in Park Slope/Carroll Gardens in 2018. There were 2.0 mortgage foreclosure actions initiated per 1,000 1-4 family properties and condominium units.

Rate of Mortgage Foreclosure Actions Initiated Per 1,000 1-4 Family Properties and Condominium Units 2000 - 2018

There were 2.0 mortgage foreclosure actions initiated per 1,000 1-4 family properties and condominium units in Park Slope/Carroll Gardens in 2018.
Sources: Home Mortgage Disclosure Act, NYU Furman Center
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Development

In 2019, there were 278 units authorized by new residential building permits, which is 2.9% of total new units in Brooklyn, and 1.0% of the citywide total, in Park Slope/Carroll Gardens. Department of Buildings issued new certificates of occupancy to 67 residential units in new buildings in Park Slope/Carroll Gardens last year, 162 less than the number of units certified in 2018.

Units Issued New Certificates of Occupancy, 2000 - 2019

Department of Buildings issued new certificates of occupancy to `67 residential units in new buildings in Park Slope/Carroll Gardens last year, `162 less than the number of units certified in 2018.
Sources: Department of Buildings, Department of City Planning, NYU Furman Center
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NEIGHBORHOOD SERVICES AND CONDITIONS
In 2019, 70.4% of 4th grade students attending schools in Park Slope/Carroll Gardens performed at grade level in math, compared to 52.3% in Brooklyn, and 49.4% citywide; 73.8% of Park Slope/Carroll Gardens 4th graders performed at grade level in English language arts, compared to 51.2% in Brooklyn, and 49.6% citywide. The serious crime rate was 8.8 serious crimes per 1,000 residents in 2019, compared to 11.3 serious crimes per 1,000 residents citywide.

Serious Crime Rate Per 1,000 Residents, 2019

The serious crime rate was 8.8 serious crimes per 1,000 residents in 2019, compared to 11.3 serious crimes per 1,000 residents citywide.
Sources: New York City Police Department, NYU Furman Center
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Neighborhood Indicators: BK06 Park Slope/Carroll Gardens

Demographics

Indicator 2000 2006 2010 2018 2019 Rank (2000) Rank (18/19)
Population
Born in New York State 53.4% 51.9% 49.2% 25
Disabled population 4.6% 4.9% 45
Foreign-born population 17.4% 16.6% 16.1% 17.2% 52 55
Population 105,555 110,032 119,558 116,351
Population aged 65+ 8.6% 8.1% 7.8% 11.9% 46 42
Households
Households with children under 18 years old 25.1% 26.3% 29.2% 29.2% 47 29
Single-person households 34.1% 28.7% 29.6% 29
Race and Ethnicity
Percent Asian 4.7% 6.8% 6.0% 9.3% 32 29
Percent Black 11.2% 8.2% 8.6% 7.8% 31 33
Percent Hispanic 24.2% 21.8% 19.8% 14.4% 23 40
Percent white 56.0% 60.6% 62.2% 62.2% 16 10
Racial diversity index 0.61 0.57 0.56 0.58 21 31
Income and Poverty
Income diversity ratio 4.4 5.7 4.6 43
Median household income (2019$) $83,290 $93,530 $95,790 $124,670 10 3
Median household income, homeowners (2019$) $141,500 $142,690 $201,150 2
Median household income, renters (2019$) $78,260 $71,890 $95,990 6
Poverty rate 14.4% 12.0% 11.3% 12.3% 38 40
Poverty rate, population aged 65+ 21.5% 16.7% 20.5% 26
Poverty rate, population under 18 years old 17.1% 13.3% 10.7% 45
Labor Market
Labor force participation rate 74.4% 76.7% 73.4% 4
Population aged 25+ without a high school diploma 12.0% 9.5% 6.0% 50
Unemployment rate 5.51% 5.14% 7.88% 5.51% 48 24

Housing Market and Conditions

Indicator 2000 2006 2010 2018 2019 Rank (2000) Rank (18/19)
Housing Stock
Homeownership rate 28.7% 34.7% 36.0% 38.2% 25 17
Housing units 50,284 55,234 53,847 35
Rental vacancy rate 2.5% 3.0% 25
Serious housing code violations (per 1,000 privately owned rental units) 20.3 18.0 20.3 25.6 46
Severe crowding rate (% of renter households) 1.6% 2.5% 48
Total housing code violations (per 1,000 privately owned rental units) 115.5 76.9 113.5 109.7 47
Finance - Distress
Notices of foreclosure rate (per 1,000 1-4 family and condo properties) 3.8 3.9 4.4 2.0 41 53
Notices of foreclosure, all residential properties 43 48 69 31 38 44
Notices of foreclosure, initial, 1-4 family and condo properties 23 33 38 17 41 41
Notices of foreclosure, repeat, 1-4 family and condo properties 13 10 17 10 22 50
Pre-foreclosure notice rate (per 1,000 1-4 family and condo properties) 16.5 13.5 50
Pre-foreclosure notices, 1-4 family and condo properties 222 182 40
Properties entering REO, 1-4 family 4 1 0 31
Finance - Lending
FHA/VA-backed home purchase loans (% of home purchase loans) 0.1% 6.4% 0.0% 42
Higher-cost home purchase loans (% of home purchase loans) 0.0% 0.7%
Higher-cost refinance loans (% of refinance loans) 0.0% 1.2%
Home purchase loan rate (per 1,000 properties) 49.8 42.7 32.0 2
Home purchase loans in LMI tracts (% of home purchase loans) 7.8% 19.7% 1.5% 52
Home purchase loans to LMI borrowers (% of home purchase loans) 1.7% 6.0% 1.4% 51
Refinance loan rate (per 1,000 properties) 30.2 38.6 18.5 5
Sales - Volume
Sales volume, 1 family building 33 28 27 33 36 34
Sales volume, 2-4 family building 226 293 166 214 27 23
Sales volume, 5+ family building 35 53 36 37 10 11
Sales volume, all property types 430 691 633 634 31 21
Sales volume, condominium 136 317 404 350 11 10
Sales - Median Prices
Median sales price per unit, 1 family building (2019$) $637,250 $1,565,350 $1,634,820 $3,300,000 7 10
Median sales price per unit, 2-4 family building (2019$) $286,760 $588,940 $580,820 $1,000,000 7 9
Median sales price per unit, 5+ family building (2019$) $93,530 $180,770 $191,300 $450,000 15 8
Median sales price per unit, condominium (2019$) $372,500 $814,320 $714,260 $1,346,590 12 8
Sales - Housing Price Index
Index of housing price appreciation, 1 family building 100.0 239.9 241.1 438.9 1 11
Index of housing price appreciation, 2-4 family building 100.0 249.7 263.5 497.3 1 7
Index of housing price appreciation, 5+ family building 100.0 262.0 336.7 899.8 1 5
Index of housing price appreciation, all property types 100.0 262.7 270.2 491.8 1 4
Index of housing price appreciation, condominium 100.0 166.9 223.0 308.3 1 29
Subsidized Housing
Total number of subsidized properties (properties) 88 25
HUD Financing or Insurance (properties) 0 45
HUD Financing or Insurance (units) 0 39
HUD Project-based Rental Assistance Program (properties) 2 43
HUD Project-based Rental Assistance Program (units) 126 49
Low Income Housing Tax Credit (properties) 10 29
Low Income Housing Tax Credit (units) 305 46
Public Housing (properties) 7 26
Public Housing (units) 4,981 16
Mitchell-Lama (properties) 0 44
Mitchell-Lama (units) 0 43
421-a Tax Exemption (properties) 36 21
421-a Tax Exemption (units) 1,708 16
420-c Tax Exemption (properties) 22 20
420-c Tax Exemption (units) 333 37
NYC Housing Production Programs and Zoning Incentives or Requirements (properties) 42 26
Eligible to expire from housing programs between 2020 and 2025 (properties) 3 31
Eligible to expire from housing programs between 2020 and 2025 (units) 92 38
Eligible to expire from housing programs between 2026 and 2035 (properties) 6 26
Eligible to expire from housing programs between 2026 and 2035 (units) 117 45
Eligible to expire from housing programs in 2036 and later (properties) 2 46
Eligible to expire from housing programs in 2036 and later (units) 121 50

Land Use and Development

Indicator 2000 2006 2010 2018 2019 Rank (2000) Rank (18/19)
Density
Population density (1,000 persons per square mile) 27.5 29.9 29.1 39
Development
Units authorized by new residential building permits 101 348 11 120 278 40 34
Units issued new certificates of occupancy 34 180 458 229 67 51 52

Neighborhood Services and Conditions

Indicator 2000 2006 2010 2018 2019 Rank (2000) Rank (18/19)
Commute
Car-free commute (% of commuters) 81.5% 82.9% 88.6% 86.4% 9 10
Mean travel time to work (minutes) 37.9 37.4 37.5 38.0 41 42
Crime and Incarceration
Serious crime rate (per 1,000 residents) 14.8 12.5 9.7 8.8 38
Serious crime rate, property (per 1,000 residents) 10.6 9.3 7.3 6.6 22
Serious crime rate, violent (per 1,000 residents) 4.2 3.2 2.4 2.2 45
Schools
Students performing at grade level in English language arts, 4th grade 77.4% 73.8% 8
Students performing at grade level in math, 4th grade 71.2% 70.4% 11

Renters

Indicator 2000 2006 2010 2018 2019 Rank (2000) Rank (18/19)
Median Rent
Median rent, 2- and 3-bedrooms (2019$) $1,870 $2,550 3
Median rent, all (2019$) $1,340 $1,690 $1,880 $2,150 7 5
Median rent, recent movers (2019$) $2,250 $2,620 6
Median rent, studios and 1-bedrooms (2019$) $1,770 $2,100 6
Median rent, asking $2,300 $2,900 10
Affordability
Rental units affordable at 30% AMI (% of recently available units) 2.8% 2.9% 37
Rental units affordable at 80% AMI (% of recently available units) 10.1% 13.5% 46
Rental units affordable at 120% AMI (% of recently available units) 55.5% 55.0% 39
Rent Burden
Moderately rent-burdened households 19.0% 25.7% 21.5% 44
Moderately rent-burdened households, low income 30.1% 25.1% 51
Moderately rent-burdened households, moderate income 42.1% 49.7% 2
Severely rent-burdened households 18.4% 17.1% 17.5% 50 55
Severely rent-burdened households, low income 40.7% 46.8% 22
Severely rent-burdened households, moderate income 5.1% 6.4% 8
Rental Subsidy
Housing choice vouchers (% of occupied, privately owned rental units) 1.2% 0.9% 48
Public housing (% of rental units) 9.4% 19

Data Notes: See Indicator Definitions, Rankings, and Methods for more information.

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 2018 heading comes from the 2014 – 2018 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.