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Parkchester/Soundview BX09

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Neighborhood Indicators

Demographics

Indicator 2000 2006 2010 2019 2020 2021
Population
Born in New York State 53.3% 54.1% 57.0%
Disabled population 9.2% 13.9%
Foreign-born population 24.6% 29.7% 32.3% 27.0%
Population 175,432 180,396 182,977 178,339
Population aged 65+ 9.1% 9.9% 10.1% 14.8%
Households
Households with children under 18 years old 45.5% 38.4% 44.7% 30.9%
Single-person households 30.9% 25.3% 32.4%
Race and Ethnicity
Percent Asian 3.9% 5.6% 7.1% 7.0%
Percent Black 32.1% 31.8% 32.0% 29.3%
Percent Hispanic 55.2% 56.8% 56.2% 58.1%
Percent white 4.9% 2.8% 2.4% 2.8%
Racial diversity index 0.59 0.57 0.58 0.57
Income and Poverty
Income diversity ratio 5.2 4.7 6.2
Median household income (2021$) $48,390 $45,870 $47,680 $46,210
Median household income, homeowners (2021$) $65,860 $80,640 $86,550
Median household income, renters (2021$) $40,530 $38,470 $33,410
Poverty rate 28.6% 26.2% 25.4% 26.6%
Poverty rate, population aged 65+ 22.7% 20.9% 22.5%
Poverty rate, population under 18 years old 38.1% 33.1% 45.4%
Labor Market
Labor force participation rate 59.1% 60.4% 57.6%
Population aged 25+ without a high school diploma 29.5% 30.3% 24.3%
Unemployment rate 13.85% 8.42% 11.22% 6.91%

Housing Market and Conditions

Indicator 2000 2006 2010 2019 2020 2021
Housing Stock
Homeownership rate 20.2% 21.7% 19.0% 22.4%
Housing units 70,275 67,581 69,579
Rental vacancy rate 2.6% 1.8%
Serious housing code violations (per 1,000 privately owned rental units) 93.5 91.1 143.4 109.6 147.7
Severe crowding rate (% of renter households) 3.1% 5.2%
Total housing code violations (per 1,000 privately owned rental units) 523.3 406.5 480.7 326.6 559.7
Finance - Distress
Notices of foreclosure rate (per 1,000 1-4 family and condo properties) 9.3 9.4 15.7 7.1 3.3 2.8
Notices of foreclosure, all residential properties 202 210 364 163 75 64
Notices of foreclosure, initial, 1-4 family and condo properties 151 158 268 71 30 18
Notices of foreclosure, repeat, 1-4 family and condo properties 45 46 81 87 43 44
Pre-foreclosure notice rate (per 1,000 1-4 family and condo properties) 43.1 25.7 17.9
Pre-foreclosure notices, 1-4 family and condo properties 959 572 398
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% 27.3%
Higher-cost home purchase loans (% of home purchase loans) 35.9% 1.4% 10.6% 4.2%
Higher-cost refinance loans (% of refinance loans) 43.1% 5.0% 5.8% 1.9%
Home purchase loan rate (per 1,000 properties) 41.6 13.8 16.3 11.0
Home purchase loans in LMI tracts (% of home purchase loans) 72.9% 21.1% 57.0% 57.8%
Home purchase loans to LMI borrowers (% of home purchase loans) 15.8% 67.5% 24.1% 24.3%
Refinance loan rate (per 1,000 properties) 47.8 6.7 9.8 18.4
Sales - Volume
Sales volume, 1 family building 62 140 36 65 38 50
Sales volume, 2-4 family building 250 509 123 175 132 189
Sales volume, 5+ family building 11 20 12 17 10 15
Sales volume, condominium 258 670 268 313 191 257
Sales volume, all property types 581 1,339 439 570 371 511
Sales - Median Prices
Median sales price per unit, 1 family building (2021$) $509,910 $391,370 $483,380 $493,340 $542,500
Median sales price per unit, 2-4 family building (2021$) $282,500 $216,420 $254,550 $285,840 $297,500
Median sales price per unit, 5+ family building (2021$) $106,280 $69,540 $171,640 $134,690 $142,860
Median sales price per unit, condominium (2021$) $145,030 $179,610 $198,610 $205,600 $200,000
Sales - Housing Price Index
Index of housing price appreciation, 1 family building 100.0 200.2 165.5 239.9 298.9 289.8
Index of housing price appreciation, 2-4 family building 100.0 208.3 160.8 244.9 253.7 290.6
Index of housing price appreciation, 5+ family building 100.0 351.6 224.6 599.2 491.8 528.5
Index of housing price appreciation, condominium 100.0 312.2 330.5 476.1 490.0 518.3
Index of housing price appreciation, all property types 100.0 251.7 236.2 349.3 366.6 392.9
Subsidized Housing
Total number of subsidized properties (properties) 155
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) 19
Low Income Housing Tax Credit (units) 3,436
Public Housing (properties) 23
Public Housing (units) 8,283
Mitchell-Lama (properties) 12
Mitchell-Lama (units) 3,428
421-a Tax Exemption (properties) 29
421-a Tax Exemption (units) 780
420-c Tax Exemption (properties) 8
420-c Tax Exemption (units) 1,082
NYC Housing Production Programs and Zoning Incentives or Requirements (properties) 62
Eligible to expire from housing programs between 2022 and 2027 (properties) 3
Eligible to expire from housing programs between 2022 and 2027 (units) 568
Eligible to expire from housing programs between 2028 and 2037 (properties) 12
Eligible to expire from housing programs between 2028 and 2037 (units) 1,416
Eligible to expire from housing programs in 2038 and later (properties) 29
Eligible to expire from housing programs in 2038 and later (units) 5,203

Land Use and Development

Indicator 2000 2006 2010 2019 2020 2021
Density
Population density (1,000 persons per square mile) 40.7 41.3 40.3
Development
Units authorized by new residential building permits 212 0 17 616 345
Units issued new certificates of occupancy 27 262 204 554 360

Neighborhood Services and Conditions

Indicator 2000 2006 2010 2019 2020 2021
Commute
Car-free commute (% of commuters) 61.2% 70.1% 71.6% 68.1%
Mean travel time to work (minutes) 45.8 43.4 46.6 47.4
Crime and Incarceration
Serious crime rate (per 1,000 residents) 15.2 13.3 10.4 12.9 15.8
Serious crime rate, property (per 1,000 residents) 9.2 7.1 5.1 6.6 8.6
Serious crime rate, violent (per 1,000 residents) 6.0 6.2 5.4 6.3 7.2
Schools
Students performing at grade level in English language arts, 4th grade 35.6%
Students performing at grade level in math, 4th grade 35.9%

Renters

Indicator 2000 2006 2010 2019 2020 2021
Median Rent
Median rent, 2- and 3-bedrooms (2021$) $1,200 $1,370
Median rent, all (2021$) $980 $1,130 $1,180 $1,330
Median rent, recent movers (2021$) $1,260 $1,440
Median rent, studios and 1-bedrooms (2021$) $1,090 $1,170
Change in collected rent (2019-2020) -2.0%
Affordability
Rental units affordable at 30% AMI (% of recently available units) 13.7% 11.2%
Rental units affordable at 80% AMI (% of recently available units) 82.2% 89.4%
Rental units affordable at 120% AMI (% of recently available units) 99.2% 100.0%
Rent Burden
Moderately rent-burdened households 21.6% 26.3% 25.9%
Moderately rent-burdened households, low income 31.0% 32.4%
Moderately rent-burdened households, moderate income 5.2% 4.7%
Severely rent-burdened households 25.7% 27.3% 31.9%
Severely rent-burdened households, low income 36.1% 39.8%
Severely rent-burdened households, moderate income 0.0% 0.0%
Rental Subsidy
Housing choice vouchers (% of occupied, privately owned rental units) 15.4% 12.9% 12.6%
Public housing (% of rental units) 20.4%
DEMOGRAPHICS

In 2019, there were an estimated 178,339 people in Parkchester/Soundview, of which 7.0% of the population identified as Asian, 29.3% identified as Black, 58.1% identified as Hispanic, and 2.8% identified as white.

Graph showing the racial and ethnic composition of Parkchester/Soundview in both 2000 and 2015-2019.
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In 2019, the household income group with the largest share (25.7%) of households was <= $20,000. In 2000, the same household income group had the largest share as well, with a slightly lower share of 24.4%.

Graph showing the distribution of household income in Parkchester/Soundview in both 2000 and 2015-2019.
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Median household income in 2019 was $46,210, about 37% less than citywide median household income ($72,930). The poverty rate in Parkchester/Soundview was 26.6% in 2019 compared to 16.0% citywide.

The poverty rate in Parkchester/Soundview was 26.6% 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 Parkchester/Soundview in both 2010 and 2015-2019.
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HOUSING

Renters

Real median gross rent in Parkchester/Soundview increased from $1,130 in 2006 to $1,330 in 2019. In 2019, 31.9% of renter households in Parkchester/Soundview were severely rent burdened (spent more than 50% of household income on rent). 89.4% of the rental units were affordable at 80% Area Median Income, 7 percentage points higher than the share in 2010. 20.4% of rental units were public housing rental units, as of 2021. The overall rental vacancy rate in Parkchester/Soundview was 1.8% in 2019.

Real median gross rent in Parkchester/Soundview increased from $1,100 in 2007 to $1,330 in 2019.
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20.4% of the rental units in Parkchester/Soundview are public housing rental units in 2021.
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Homeowners

In 2019, the homeownership rate in Parkchester/Soundview was 22.4%, lower than the citywide share of 31.9%. The homeownership rate in the neighborhood has increased by 3.4 percentage points since 2010. In 2020, the home purchase loan rate was 11.0 per 1,000 properties (owner-occupied 1-4 family buildings, condominiums, or cooperative apartments) and the refinance loan rate was 18.4 per 1,000 properties in the neighborhood. Out of all the first-time home purchase loans and refinance loans in Parkchester/Soundview, 4.2% and 1.9% were high cost loans, respectively. 64 properties had a filing of mortgage foreclosure in Parkchester/Soundview in 2021. There were 2.8 mortgage foreclosure actions initiated per 1,000 1-4 family properties and condominium units.

There were 2.8 mortgage foreclosure notices per 1,000 1-4 family properties and condominium units in Parkchester/Soundview in 2021
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Development

Department of Buildings issued new certificates of occupancy to 360 residential units in new buildings in Parkchester/Soundview in 2020, 194 less than the number of units certified in 2019.

Department of Buildings issued new certificates of occupancy to 360 residential units in new buildings in Parkchester/Soundview last year, 194 less than the number of units certified in 2019.
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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% 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 15.8 serious crimes per 1,000 residents in 2021, compared to 12.2 serious crimes per 1,000 residents citywide.

The serious crime rate was 15.8 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.