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Parkchester/Soundview BX09

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Neighborhood Indicators

Demographics

Indicator 2000 2006 2010 2019 2021 2022
Population
Born in New York State 53.3% 54.1% 57.0% 53.6%
Disabled population 9.2% 13.9% 11.9%
Foreign-born population 24.6% 29.7% 32.3% 27.0% 33.4%
Population 175,432 180,396 182,977 178,339 177,815
Population aged 65+ 9.1% 9.9% 10.1% 14.8% 17.0%
Households
Households with children under 18 years old 45.5% 38.4% 44.7% 30.9% 32.1%
Single-person households 30.9% 25.3% 32.4% 34.0%
Race and Ethnicity
Percent Asian 3.9% 5.6% 7.1% 7.0% 8.4%
Percent Black 32.1% 31.8% 32.0% 29.3% 26.4%
Percent Hispanic 55.2% 56.8% 56.2% 58.1% 59.6%
Percent white 4.9% 2.8% 2.4% 2.8% 1.9%
Racial diversity index 0.59 0.57 0.58 0.57 0.57
Income and Poverty
Income diversity ratio 5.2 4.7 6.2 6.8
Median household income (2022$) $51,340 $48,660 $50,590 $49,030 $41,720
Median household income, homeowners (2022$) $69,880 $85,560 $91,830 $98,440
Median household income, renters (2022$) $43,000 $40,810 $35,450 $36,850
Poverty rate 28.6% 26.2% 25.4% 26.6% 26.7%
Poverty rate, population aged 65+ 22.7% 20.9% 22.5% 25.8%
Poverty rate, population under 18 years old 38.1% 33.1% 45.4% 33.7%
Labor Market
Labor force participation rate 59.1% 60.4% 57.6% 54.5%
Population aged 25+ without a high school diploma 29.5% 30.3% 24.3% 24.5%
Unemployment rate 13.85% 8.42% 11.22% 6.91% 15.43%

Housing Market and Conditions

Indicator 2000 2006 2010 2019 2021 2022
Housing Stock
Homeownership rate 20.2% 21.7% 19.0% 22.4% 19.0%
Housing units 70,275 67,581 69,579 73,661
Rental vacancy rate 2.6% 1.8% 2.2%
Serious housing code violations (per 1,000 privately owned rental units) 93.5 91.1 143.4 147.7 175.8
Severe crowding rate (% of renter households) 3.1% 5.2% 4.9%
Total housing code violations (per 1,000 privately owned rental units) 523.3 406.5 480.7 559.7 608.6
Finance - Distress
Notices of foreclosure rate (per 1,000 1-4 family and condo properties) 9.3 9.4 15.7 7.1 2.8 4.8
Notices of foreclosure, all residential properties 202 210 364 163 64 111
Notices of foreclosure, initial, 1-4 family and condo properties 151 158 268 71 18 45
Notices of foreclosure, repeat, 1-4 family and condo properties 45 46 81 87 44 62
Pre-foreclosure notice rate (per 1,000 1-4 family and condo properties) 43.1 17.9 38.4
Pre-foreclosure notices, 1-4 family and condo properties 959 398 854
Properties entering REO, 1-4 family 26 0 21
Finance - Lending
FHA/VA-backed home purchase loans (% of home purchase loans) 0.8% 51.1% 20.3% 23.5%
Higher-cost home purchase loans (% of home purchase loans) 35.9% 1.4% 10.6% 6.4%
Higher-cost refinance loans (% of refinance loans) 43.1% 5.0% 5.8% 1.3%
Home purchase loan rate (per 1,000 properties) 41.6 13.8 16.3 17.1
Home purchase loans in LMI tracts (% of home purchase loans) 72.9% 21.1% 57.0% 63.0%
Home purchase loans to LMI borrowers (% of home purchase loans) 15.8% 67.5% 24.1% 21.9%
Refinance loan rate (per 1,000 properties) 47.8 6.7 9.8 22.5
Sales - Volume
Sales volume, 1 family building 62 140 36 66 46 61
Sales volume, 2-4 family building 250 510 123 174 161 244
Sales volume, 5+ family building 11 20 12 17 15 15
Sales volume, condominium 258 669 268 313 237 255
Sales volume, all property types 581 1,339 439 570 459 575
Sales - Median Prices
Median sales price per unit, 1 family building (2022$) $318,640 $541,030 $415,260 $510,090 $575,610 $565,000
Median sales price per unit, 2-4 family building (2022$) $165,410 $299,390 $229,630 $269,770 $318,310 $312,500
Median sales price per unit, 5+ family building (2022$) $58,060 $112,770 $73,790 $182,110 $151,580 $198,000
Median sales price per unit, condominium (2022$) $57,780 $154,580 $190,570 $210,730 $212,210 $200,000
Sales - Housing Price Index
Index of housing price appreciation, 1 family building 100.0 196.2 162.0 251.0 265.8 296.4
Index of housing price appreciation, 2-4 family building 100.0 210.1 160.0 256.9 308.2 301.4
Index of housing price appreciation, 5+ family building 100.0 358.9 221.4 573.8 499.5 697.2
Index of housing price appreciation, condominium 100.0 317.7 341.6 470.8 528.4 551.6
Index of housing price appreciation, all property types 100.0 252.9 239.3 358.0 398.1 404.9
Subsidized Housing
Total number of subsidized properties (properties) 161
HUD Financing or Insurance (properties) 10
HUD Financing or Insurance (units) 1,420
HUD Project-based Rental Assistance Program (properties) 18
HUD Project-based Rental Assistance Program (units) 2,092
Low Income Housing Tax Credit (properties) 18
Low Income Housing Tax Credit (units) 3,436
Public Housing (properties) 23
Public Housing (units) 8,283
Mitchell-Lama (properties) 12
Mitchell-Lama (units) 2,480
421-a Tax Exemption (properties) 41
421-a Tax Exemption (units) 874
420-c Tax Exemption (properties) 8
420-c Tax Exemption (units) 1,082
NYC Housing Production Programs and Zoning Incentives or Requirements (properties) 66
Eligible to expire from housing programs between 2023 and 2028 (properties) 1
Eligible to expire from housing programs between 2023 and 2028 (units) 359
Eligible to expire from housing programs between 2029 and 2038 (properties) 16
Eligible to expire from housing programs between 2029 and 2038 (units) 1,830
Eligible to expire from housing programs in 2039 and later (properties) 27
Eligible to expire from housing programs in 2039 and later (units) 5,273

Land Use and Development

Indicator 2000 2006 2010 2019 2021 2022
Density
Population density (1,000 persons per square mile) 40.7 41.3 40.3 40.2
Development
Units authorized by new residential building permits 212 0 17 618 307 258
Units issued new certificates of occupancy 27 262 204 554 628 40

Neighborhood Services and Conditions

Indicator 2000 2006 2010 2019 2021 2022
Commute
Car-free commute (% of commuters) 61.2% 70.1% 71.6% 68.1% 63.9%
Mean travel time to work (minutes) 45.8 43.4 46.6 47.4 44.1
Crime and Incarceration
Serious crime rate (per 1,000 residents) 15.2 13.3 10.4 14.8 18.4
Serious crime rate, property (per 1,000 residents) 9.2 7.1 5.1 8.2 10.0
Serious crime rate, violent (per 1,000 residents) 6.0 6.2 5.4 6.7 8.3
Schools
Students performing at grade level in English language arts, 4th grade 35.6% 24.0%
Students performing at grade level in math, 4th grade 35.9% 19.2%

Renters

Indicator 2000 2006 2010 2019 2021 2022
Median Rent
Median rent, 2- and 3-bedrooms (2022$) $1,270 $1,450 $1,490
Median rent, all (2022$) $1,040 $1,200 $1,260 $1,410 $1,390
Median rent, recent movers (2022$) $1,340 $1,530 $1,690
Median rent, studios and 1-bedrooms (2022$) $1,160 $1,240 $1,350
Change in collected rent (2019-2020) 2.9%
Affordability
Rental units affordable at 30% AMI (% of recently available units) 13.7% 11.2% 11.6%
Rental units affordable at 80% AMI (% of recently available units) 82.2% 89.4% 90.7%
Rental units affordable at 120% AMI (% of recently available units) 99.2% 100.0% 100.0%
Rent Burden
Moderately rent-burdened households 21.6% 26.3% 25.9% 27.1%
Moderately rent-burdened households, low income 31.0% 32.4% 32.8%
Moderately rent-burdened households, moderate income 5.2% 4.7% 2.3%
Severely rent-burdened households 25.7% 27.3% 31.9% 29.8%
Severely rent-burdened households, low income 36.1% 39.8% 39.5%
Severely rent-burdened households, moderate income 0.0% 0.0% 0.0%
Rental Subsidy
Housing choice vouchers (% of occupied, privately owned rental units) 15.4% 12.9%
Public housing (% of rental units) 20.2%
DEMOGRAPHICS

In 2021, there were an estimated 177,815 people in Parkchester/Soundview, of which 8.4% identified as Asian, 26.4% identified as Black, 59.6% identified as Hispanic, and 1.9% identified as white.

Graph showing the racial and ethnic composition of Parkchester/Soundview in both 2000 and 2017-2021.
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In 2021, the household income group with the largest share (23.1%) of households was <= $20,000. In 2000, the same household income group had the largest share as well, with a slightly higher share of 23.2%.

Graph showing the distribution of household income in Parkchester/Soundview in both 2000 and 2017-2021.
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Median household income in 2021 was $41,720, about 42% less than citywide median household income ($72,150). The poverty rate in Parkchester/Soundview was 26.7% in 2021 compared to 18.0% citywide.

The poverty rate in Parkchester/Soundview was 26.7% 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 Parkchester/Soundview in both 2010 and 2017-2021.
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HOUSING

Renters

Real median gross rent in Parkchester/Soundview increased from $1,200 in 2006 to $1,390 in 2021. This represents a 15.8% increase over the same period. As of 2021, the change in median gross rent outpaced the change in median household income by 30.1 percentage points. In 2021, 29.8% of renter households in Parkchester/Soundview were severely rent burdened (spent more than 50% of household income on rent). 90.7% of the rental units were affordable at 80% Area Median Income, 8 percentage points higher than the share in 2010. 20.2% of the rental units were public housing rental units, as of 2022. The overall rental vacancy rate in Parkchester/Soundview was 2.2% in 2021.

Real median gross rent in Parkchester/Soundview increased from $1,200 in 2006 to $1,390 in 2021.
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Graph showing the change in real median gross rent and median renter household income in Parkchester/Soundview from 2006 to 2021.
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20.2% of the rental units in Parkchester/Soundview are public housing rental units in 2022.
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Homeowners

In 2021, the homeownership rate in Parkchester/Soundview was 19.0%, which is lower than the citywide share of 33.3%. The homeownership rate in the neighborhood has remained the same level since 2010. In 2021, the home purchase loan rate was 17.1 per 1,000 properties (owner-occupied 1-4 family buildings, condominiums, or cooperative apartments) and the refinance loan rate was 22.5 per 1,000 properties in the neighborhood. Out of all the first-time home purchase loans and refinance loans in Parkchester/Soundview, 6.4% and 1.3% were high cost loans, respectively. 111 properties had a filing of mortgage foreclosure in Parkchester/Soundview in 2022. There were 4.8 mortgage foreclosure actions initiated per 1,000 1-4 family properties and condominium units.

There were 4.8 mortgage foreclosure notices per 1,000 1-4 family properties and condominium units in Parkchester/Soundview in 2022
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Development

The Department of Buildings issued new certificates of occupancy to 40 residential units in new buildings in Parkchester/Soundview in 2022, 588 fewer than the number of units certified in 2021.

Department of Buildings issued new certificates of occupancy to 40 residential units in new buildings in Parkchester/Soundview last year, the same as the number of units certified in 2022.
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Over the last decade, 1,792 units in 4+ unit buildings were built in Parkchester/Soundview. 34% were market rate, compared to 59% 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 18.4 serious crimes per 1,000 residents in 2022, compared to 14.2 serious crimes per 1,000 residents citywide.

The serious crime rate was 18.4 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: 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 .