Rego Park/Forest Hills Neighborhood Profile

Neighborhood Indicators

Demographics

Indicator	2000	2006	2010	2019	2021
Population
Born in New York State		39.4%	41.4%	41.0%	44.9%
Disabled population			5.3%	7.9%	7.7%
Foreign-born population	52.1%	53.3%	49.6%	49.7%	45.6%
Population	113,422	116,418	114,462	105,586	126,028
Population aged 65+	18.8%	17.0%	16.5%	19.0%	22.4%
Households
Households with children under 18 years old	21.9%	24.3%	24.6%	22.9%	20.6%
Single-person households		37.9%	36.9%	37.7%	32.5%
Race and Ethnicity
Percent Asian	21.4%	23.1%	26.8%	30.0%	26.0%
Percent Black	2.2%	2.6%	1.2%	2.0%	3.2%
Percent Hispanic	11.3%	13.0%	14.0%	14.3%	21.5%
Percent white	61.7%	59.1%	56.3%	50.7%	43.0%
Racial diversity index	0.56	0.58	0.59	0.63	0.70
Income and Poverty
Income diversity ratio		5.5	4.8	5.6	4.3
Median household income (2022$)	$84,110	$84,440	$71,000	$99,410	$94,340
Median household income, homeowners (2022$)		$105,220	$103,150	$116,950	$110,380
Median household income, renters (2022$)		$63,760	$58,510	$80,520	$80,460
Poverty rate	11.2%	9.5%	9.7%	11.1%	8.6%
Poverty rate, population aged 65+		12.1%	13.6%	20.3%	11.2%
Poverty rate, population under 18 years old		12.8%	12.3%	9.3%	3.7%
Labor Market
Labor force participation rate		63.6%	62.4%	65.5%	60.9%
Population aged 25+ without a high school diploma		9.3%	8.6%	5.6%	9.2%
Unemployment rate	5.22%	6.20%	8.86%	3.81%	8.88%

Housing Market and Conditions

Indicator	2000	2006	2010	2019	2021	2022
Housing Stock
Homeownership rate	38.3%	42.8%	42.0%	51.0%	47.9%
Housing units		54,459	54,436	53,881	58,689
Rental vacancy rate			1.9%	2.7%	2.0%
Serious housing code violations (per 1,000 privately owned rental units)		9.9	9.3	24.6	31.7	41.5
Severe crowding rate (% of renter households)			2.3%	5.5%	5.6%
Total housing code violations (per 1,000 privately owned rental units)		79.8	79.4	115.3	153.0	146.8
Finance - Distress
Notices of foreclosure rate (per 1,000 1-4 family and condo properties)	2.3	3.7	7.3	2.3	1.1	1.3
Notices of foreclosure, all residential properties	28	45	86	29	15	17
Notices of foreclosure, initial, 1-4 family and condo properties	17	30	76	13	8	7
Notices of foreclosure, repeat, 1-4 family and condo properties	8	11	8	15	5	9
Pre-foreclosure notice rate (per 1,000 1-4 family and condo properties)				14.8	7.8	16.4
Pre-foreclosure notices, 1-4 family and condo properties				179	95	200
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%	1.3%
Higher-cost refinance loans (% of refinance loans)		13.0%	0.4%	3.3%	0.2%
Home purchase loan rate (per 1,000 properties)		44.0	25.4	22.9	27.5
Home purchase loans in LMI tracts (% of home purchase loans)		4.1%	13.0%	7.0%	5.6%
Home purchase loans to LMI borrowers (% of home purchase loans)		9.9%	3.5%	11.0%	11.6%
Refinance loan rate (per 1,000 properties)		14.2	21.2	9.2	26.5
Sales - Volume
Sales volume, 1 family building	257	244	150	128	157	188
Sales volume, 2-4 family building	104	84	41	37	37	65
Sales volume, 5+ family building	4	7	3	3	1	8
Sales volume, condominium	75	180	99	128	88	92
Sales volume, all property types	440	515	293	296	283	353
Sales - Median Prices
Median sales price per unit, 1 family building (2022$)	$577,800	$933,090	$847,900	$1,059,210	$1,058,900	$1,066,500
Median sales price per unit, 2-4 family building (2022$)	$269,360	$456,710	$429,160	$599,290	$466,850	$496,670
Median sales price per unit, 5+ family building (2022$)	$141,020	$285,080	$148,570	$362,360	$346,870	$266,140
Median sales price per unit, condominium (2022$)	$237,920	$530,490	$432,640	$772,370	$583,560	$532,550
Sales - Housing Price Index
Index of housing price appreciation, 1 family building	100.0	199.9	195.0	293.8	313.8	314.7
Index of housing price appreciation, 2-4 family building	100.0	212.0	179.8	318.6	322.0	299.9
Index of housing price appreciation, 5+ family building	100.0	409.9	278.2	1,304.4		1,378.0
Index of housing price appreciation, condominium	100.0	219.5	190.0	305.6	311.9	313.9
Index of housing price appreciation, all property types	100.0	207.5	190.8	302.7	312.4	314.7
Subsidized Housing
Total number of subsidized properties (properties)						5
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)						37
421-a Tax Exemption (units)						1,422
420-c Tax Exemption (properties)						0
420-c Tax Exemption (units)						0
NYC Housing Production Programs and Zoning Incentives or Requirements (properties)						3
Eligible to expire from housing programs between 2023 and 2028 (properties)						0
Eligible to expire from housing programs between 2023 and 2028 (units)						0
Eligible to expire from housing programs between 2029 and 2038 (properties)						0
Eligible to expire from housing programs between 2029 and 2038 (units)						0
Eligible to expire from housing programs in 2039 and later (properties)						1
Eligible to expire from housing programs in 2039 and later (units)						0

Land Use and Development

Indicator	2000	2006	2010	2019	2021	2022
Density
Population density (1,000 persons per square mile)		41.5	40.8	37.7	45.0
Development
Units authorized by new residential building permits	81	0	11	603	167	1,417
Units issued new certificates of occupancy	171	72	92	35	111	471

Neighborhood Services and Conditions

Indicator	2000	2006	2010	2019	2021	2022
Commute
Car-free commute (% of commuters)	65.7%	70.0%	71.5%	67.7%	59.0%
Mean travel time to work (minutes)	42.3	41.6	39.7	45.1	43.0
Crime and Incarceration
Serious crime rate (per 1,000 residents)		11.6	7.1	4.6	5.7	6.8
Serious crime rate, property (per 1,000 residents)		9.4	5.6	3.6	4.6	5.5
Serious crime rate, violent (per 1,000 residents)		2.1	1.6	0.9	1.0	1.3
Schools
Students performing at grade level in English language arts, 4th grade				63.9%		66.7%
Students performing at grade level in math, 4th grade				70.4%		67.9%

Renters

Indicator	2000	2006	2010	2019	2021	2022
Median Rent
Median rent, 2- and 3-bedrooms (2022$)			$1,900	$2,150	$2,300
Median rent, all (2022$)	$1,440	$1,570	$1,690	$1,980	$1,940
Median rent, recent movers (2022$)			$1,990	$2,100	$2,320
Median rent, studios and 1-bedrooms (2022$)			$1,550	$1,750	$1,880
Change in collected rent (2019-2020)					-0.7%
Affordability
Rental units affordable at 30% AMI (% of recently available units)			1.2%	3.6%	0.9%
Rental units affordable at 80% AMI (% of recently available units)			26.0%	31.3%	26.2%
Rental units affordable at 120% AMI (% of recently available units)			85.2%	93.4%	95.6%
Rent Burden
Moderately rent-burdened households		19.6%	28.9%	16.5%	22.4%
Moderately rent-burdened households, low income			29.5%	28.3%	31.6%
Moderately rent-burdened households, moderate income			33.6%	22.1%	22.4%
Severely rent-burdened households	22.0%		28.6%	28.9%	26.5%
Severely rent-burdened households, low income			56.5%	57.8%	51.5%
Severely rent-burdened households, moderate income			2.0%	1.5%	0.8%
Rental Subsidy
Housing choice vouchers (% of occupied, privately owned rental units)			1.7%	1.6%
Public housing (% of rental units)						0.0%

DEMOGRAPHICS

In 2021, there were an estimated 126,028 people in Rego Park/Forest Hills, of which 26.0% identified as Asian, 3.2% identified as Black, 21.5% identified as Hispanic, and 43.0% identified as white.

Graph showing the racial and ethnic composition of Rego Park/Forest Hills in both 2000 and 2017-2021.

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In 2021, the household income group with the largest share (37.2%) 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 32.5%.

Graph showing the distribution of household income in Rego Park/Forest Hills in both 2000 and 2017-2021.

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Median household income in 2021 was $94,340, about 31% more than citywide median household income ($72,150). The poverty rate in Rego Park/Forest Hills was 8.6% in 2021 compared to 18.0% citywide.

The poverty rate in Rego Park/Forest Hills was 8.6% 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 Rego Park/Forest Hills in both 2010 and 2017-2021.

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HOUSING

Renters

Real median gross rent in Rego Park/Forest Hills increased from $1,570 in 2006 to $1,940 in 2021. This represents a 23.6% increase over the same period. As of 2021, the change in median household income outpaced the change in median gross rent by 2.6 percentage points. In 2021, 26.5% of renter households in Rego Park/Forest Hills were severely rent burdened (spent more than 50% of household income on rent). 26.2% of the rental units were affordable at 80% Area Median Income, similar to the level in 2010. None of the rental units were public housing rental units, as of 2022. The overall rental vacancy rate in Rego Park/Forest Hills was 2.0% in 2021.

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Graph showing the change in real median gross rent and median renter household income in Rego Park/Forest Hills from 2006 to 2021.

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None of the rental units in Rego Park/Forest Hills are public housing rental units in 2022.

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Homeowners

In 2021, the homeownership rate in Rego Park/Forest Hills was 47.9%, which is higher than the citywide share of 33.3%. The homeownership rate in the neighborhood has increased by 5.9 percentage points since 2010. In 2021, the home purchase loan rate was 27.5 per 1,000 properties (owner-occupied 1-4 family buildings, condominiums, or cooperative apartments) and the refinance loan rate was 26.5 per 1,000 properties in the neighborhood. Out of all the first-time home purchase loans and refinance loans in Rego Park/Forest Hills, 1.3% and 0.2% were high cost loans, respectively. 17 properties had a filing of mortgage foreclosure in Rego Park/Forest Hills in 2022. There were 1.3 mortgage foreclosure actions initiated per 1,000 1-4 family properties and condominium units.

There were 1.3 mortgage foreclosure notices per 1,000 1-4 family properties and condominium units in Rego Park/Forest Hills in 2022

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Development

The Department of Buildings issued new certificates of occupancy to 471 residential units in new buildings in Rego Park/Forest Hills in 2022, 360 more than the number of units certified in 2021.

Department of Buildings issued new certificates of occupancy to 471 residential units in new buildings in Rego Park/Forest Hills last year, the same as the number of units certified in 2022.

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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% 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 6.8 serious crimes per 1,000 residents in 2022, compared to 14.2 serious crimes per 1,000 residents citywide.

The serious crime rate was 6.8 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 .