Rego Park/Forest Hills Neighborhood Profile

Neighborhood Indicators

Demographics

Indicator	2000	2006	2010	2019
Population
Born in New York State		39.4%	41.4%	41.0%
Disabled population			5.3%	7.9%
Foreign-born population	52.1%	53.3%	49.6%	49.7%
Population	113,422	116,418	114,462	105,586
Population aged 65+	18.8%	17.0%	16.5%	19.0%
Households
Households with children under 18 years old	21.9%	24.3%	24.6%	22.9%
Single-person households		37.9%	36.9%	37.7%
Race and Ethnicity
Percent Asian	21.4%	23.1%	26.8%	30.0%
Percent Black	2.2%	2.6%	1.2%	2.0%
Percent Hispanic	11.3%	13.0%	14.0%	14.3%
Percent white	61.7%	59.1%	56.3%	50.7%
Racial diversity index	0.56	0.58	0.59	0.63
Income and Poverty
Income diversity ratio		5.5	4.8	5.6
Median household income (2021$)	$79,270	$79,580	$66,910	$93,690
Median household income, homeowners (2021$)		$99,170	$97,220	$110,230
Median household income, renters (2021$)		$60,090	$55,150	$75,890
Poverty rate	11.2%	9.5%	9.7%	11.1%
Poverty rate, population aged 65+		12.1%	13.6%	20.3%
Poverty rate, population under 18 years old		12.8%	12.3%	9.3%
Labor Market
Labor force participation rate		63.6%	62.4%	65.5%
Population aged 25+ without a high school diploma		9.3%	8.6%	5.6%
Unemployment rate	5.22%	6.20%	8.86%	3.81%

Housing Market and Conditions

Indicator	2000	2006	2010	2019	2020	2021
Housing Stock
Homeownership rate	38.3%	42.8%	42.0%	51.0%
Housing units		54,459	54,436	53,881
Rental vacancy rate			1.9%	2.7%
Serious housing code violations (per 1,000 privately owned rental units)		9.9	9.3	24.6	18.4	31.7
Severe crowding rate (% of renter households)			2.3%	5.5%
Total housing code violations (per 1,000 privately owned rental units)		79.8	79.4	115.3	66.9	153.0
Finance - Distress
Notices of foreclosure rate (per 1,000 1-4 family and condo properties)	2.3	3.7	7.3	2.3	1.2	1.1
Notices of foreclosure, all residential properties	28	45	86	29	16	15
Notices of foreclosure, initial, 1-4 family and condo properties	17	30	76	13	4	8
Notices of foreclosure, repeat, 1-4 family and condo properties	8	11	8	15	11	5
Pre-foreclosure notice rate (per 1,000 1-4 family and condo properties)				14.8	8.0	7.8
Pre-foreclosure notices, 1-4 family and condo properties				179	97	95
Properties entering REO, 1-4 family	1	0	1
Finance - Lending
FHA/VA-backed home purchase loans (% of home purchase loans)		0.1%	1.1%	0.2%	0.3%
Higher-cost home purchase loans (% of home purchase loans)		4.5%	0.4%	1.6%	0.8%
Higher-cost refinance loans (% of refinance loans)		13.0%	0.4%	3.3%	0.1%
Home purchase loan rate (per 1,000 properties)		44.0	25.4	22.9	16.9
Home purchase loans in LMI tracts (% of home purchase loans)		4.1%	13.0%	7.0%	7.4%
Home purchase loans to LMI borrowers (% of home purchase loans)		9.9%	3.5%	11.0%	12.3%
Refinance loan rate (per 1,000 properties)		14.2	21.2	9.2	22.9
Sales - Volume
Sales volume, 1 family building	257	244	150	128	133	171
Sales volume, 2-4 family building	104	84	41	37	22	38
Sales volume, 5+ family building	4	7	3	3	4	1
Sales volume, condominium	75	180	99	128	53	94
Sales volume, all property types	440	515	293	296	212	304
Sales - Median Prices
Median sales price per unit, 1 family building (2021$)		$879,430	$799,130	$998,290	$1,031,100	$996,000
Median sales price per unit, 2-4 family building (2021$)		$430,440	$404,470	$564,820	$516,070	$440,500
Median sales price per unit, 5+ family building (2021$)		$268,680	$140,030	$341,520	$238,460	$326,920
Median sales price per unit, condominium (2021$)		$499,970	$407,760	$727,940	$594,070	$550,000
Sales - Housing Price Index
Index of housing price appreciation, 1 family building	100.0	201.5	195.9	298.1	299.7	316.1
Index of housing price appreciation, 2-4 family building	100.0	211.8	175.1	307.4	303.3	283.0
Index of housing price appreciation, 5+ family building	100.0	410.4	270.6	1,206.7	435.6
Index of housing price appreciation, condominium	100.0	217.7	188.0	305.3	307.3	300.3
Index of housing price appreciation, all property types	100.0	208.9	190.4	303.6	303.4	309.1
Subsidized Housing
Total number of subsidized properties (properties)						3
HUD Financing or Insurance (properties)						1
HUD Financing or Insurance (units)						0
HUD Project-based Rental Assistance Program (properties)						0
HUD Project-based Rental Assistance Program (units)						0
Low Income Housing Tax Credit (properties)						0
Low Income Housing Tax Credit (units)						0
Public Housing (properties)						0
Public Housing (units)						0
Mitchell-Lama (properties)						0
Mitchell-Lama (units)						0
421-a Tax Exemption (properties)						20
421-a Tax Exemption (units)						981
420-c Tax Exemption (properties)						0
420-c Tax Exemption (units)						0
NYC Housing Production Programs and Zoning Incentives or Requirements (properties)						2
Eligible to expire from housing programs between 2022 and 2027 (properties)						0
Eligible to expire from housing programs between 2022 and 2027 (units)						0
Eligible to expire from housing programs between 2028 and 2037 (properties)						0
Eligible to expire from housing programs between 2028 and 2037 (units)						0
Eligible to expire from housing programs in 2038 and later (properties)						1
Eligible to expire from housing programs in 2038 and later (units)						0

Land Use and Development

Indicator	2000	2006	2010	2019	2020
Density
Population density (1,000 persons per square mile)		41.5	40.8	37.7
Development
Units authorized by new residential building permits	81	0	11	547	190
Units issued new certificates of occupancy	171	72	92	35	0

Neighborhood Services and Conditions

Indicator	2000	2006	2010	2019	2020	2021
Commute
Car-free commute (% of commuters)	65.7%	70.0%	71.5%	67.7%
Mean travel time to work (minutes)	42.3	41.6	39.7	45.1
Crime and Incarceration
Serious crime rate (per 1,000 residents)		11.6	7.1	4.6	5.2	5.7
Serious crime rate, property (per 1,000 residents)		9.4	5.6	3.6	4.2	4.6
Serious crime rate, violent (per 1,000 residents)		2.1	1.6	0.9	0.9	1.1
Schools
Students performing at grade level in English language arts, 4th grade				63.9%
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$)			$1,790	$2,030
Median rent, all (2021$)	$1,360	$1,480	$1,600	$1,870
Median rent, recent movers (2021$)			$1,880	$1,980
Median rent, studios and 1-bedrooms (2021$)			$1,460	$1,650
Change in collected rent (2019-2020)					-0.2%
Affordability
Rental units affordable at 30% AMI (% of recently available units)			1.2%	3.6%
Rental units affordable at 80% AMI (% of recently available units)			26.0%	31.3%
Rental units affordable at 120% AMI (% of recently available units)			85.2%	93.4%
Rent Burden
Moderately rent-burdened households		19.6%	28.9%	16.5%
Moderately rent-burdened households, low income			29.5%	28.3%
Moderately rent-burdened households, moderate income			33.6%	22.1%
Severely rent-burdened households	22.0%		28.6%	28.9%
Severely rent-burdened households, low income			56.5%	57.8%
Severely rent-burdened households, moderate income			2.0%	1.5%
Rental Subsidy
Housing choice vouchers (% of occupied, privately owned rental units)			1.7%	1.6%	1.6%
Public housing (% of rental units)						0.0%

DEMOGRAPHICS

In 2019, there were an estimated 105,586 people in Rego Park/Forest Hills, of which 30.0% of the population identified as Asian, 2.0% identified as Black, 14.3% identified as Hispanic, and 50.7% identified as white.

Graph showing the racial and ethnic composition of Rego Park/Forest Hills in both 2000 and 2015-2019.

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In 2019, the household income group with the largest share (32.6%) 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 30.1%.

Graph showing the distribution of household income in Rego Park/Forest Hills in both 2000 and 2015-2019.

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Median household income in 2019 was $93,690, about 28% more than citywide median household income ($72,930). The poverty rate in Rego Park/Forest Hills was 11.1% in 2019 compared to 16.0% citywide.

The poverty rate in Rego Park/Forest Hills was 11.1% 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 Rego Park/Forest Hills in both 2010 and 2015-2019.

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HOUSING

Renters

Real median gross rent in Rego Park/Forest Hills increased from $1,480 in 2006 to $1,870 in 2019. In 2019, 28.9% of renter households in Rego Park/Forest Hills were severely rent burdened (spent more than 50% of household income on rent). 31.3% of the rental units were affordable at 80% Area Median Income, 5 percentage points higher than the share in 2010. None of rental units were public housing rental units, as of 2021. The overall rental vacancy rate in Rego Park/Forest Hills was 2.7% in 2019.

Real median gross rent in Rego Park/Forest Hills increased from $1,560 in 2007 to $1,870 in 2019.

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None of the rental units in Rego Park/Forest Hills are public housing rental units in 2021.

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Homeowners

In 2019, the homeownership rate in Rego Park/Forest Hills was 51.0%, higher than the citywide share of 31.9%. The homeownership rate in the neighborhood has increased by 9.0 percentage points since 2010. In 2020, the home purchase loan rate was 16.9 per 1,000 properties (owner-occupied 1-4 family buildings, condominiums, or cooperative apartments) and the refinance loan rate was 22.9 per 1,000 properties in the neighborhood. Out of all the first-time home purchase loans and refinance loans in Rego Park/Forest Hills, 0.8% and 0.1% were high cost loans, respectively. 15 properties had a filing of mortgage foreclosure in Rego Park/Forest Hills in 2021. There were 1.1 mortgage foreclosure actions initiated per 1,000 1-4 family properties and condominium units.

There were 1.1 mortgage foreclosure notices per 1,000 1-4 family properties and condominium units in Rego Park/Forest Hills in 2021

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Development

Department of Buildings issued new certificates of occupancy to 0 residential units in new buildings in Rego Park/Forest Hills in 2020, 35 less than the number of units certified in 2019.

Department of Buildings issued new certificates of occupancy to 0 residential units in new buildings in Rego Park/Forest Hills last year, 35 less than the number of units certified in 2019.

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Over the last decade, 1,048 units in 4+ unit buildings were built in Rego Park/Forest Hills. 99% were market rate, compared to 1% 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 5.7 serious crimes per 1,000 residents in 2021, compared to 12.2 serious crimes per 1,000 residents citywide.

The serious crime rate was 5.7 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.