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Ridgewood/Maspeth QN05

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Neighborhood Indicators

Demographics

Indicator 2000 2006 2010 2019 2020 2021
Population
Born in New York State 54.6% 55.7% 53.4%
Disabled population 5.9% 5.7%
Foreign-born population 35.9% 40.0% 39.0% 36.0%
Population 167,201 179,768 180,932 165,895
Population aged 65+ 13.8% 12.5% 12.7% 14.1%
Households
Households with children under 18 years old 35.0% 37.8% 36.4% 29.2%
Single-person households 23.9% 22.9% 26.2%
Race and Ethnicity
Percent Asian 6.3% 6.4% 8.9% 8.8%
Percent Black 1.0% 1.0% 1.1% 2.2%
Percent Hispanic 28.1% 32.5% 37.1% 35.6%
Percent white 62.2% 59.0% 51.7% 52.0%
Racial diversity index 0.53 0.54 0.59 0.59
Income and Poverty
Income diversity ratio 4.3 4.0 4.4
Median household income (2021$) $67,710 $66,850 $64,630 $76,480
Median household income, homeowners (2021$) $87,430 $79,570 $95,860
Median household income, renters (2021$) $54,680 $56,710 $68,780
Poverty rate 13.8% 10.6% 17.1% 8.4%
Poverty rate, population aged 65+ 9.4% 12.9% 12.7%
Poverty rate, population under 18 years old 13.3% 26.5% 9.8%
Labor Market
Labor force participation rate 61.3% 60.2% 65.5%
Population aged 25+ without a high school diploma 20.6% 22.1% 13.7%
Unemployment rate 7.26% 6.54% 7.95% 3.14%

Housing Market and Conditions

Indicator 2000 2006 2010 2019 2020 2021
Housing Stock
Homeownership rate 40.5% 45.1% 40.4% 40.7%
Housing units 67,306 67,649 64,322
Rental vacancy rate 3.7% 3.5%
Serious housing code violations (per 1,000 privately owned rental units) 22.7 17.3 42.1 29.7 54.3
Severe crowding rate (% of renter households) 2.1% 2.5%
Total housing code violations (per 1,000 privately owned rental units) 127.7 93.1 146.6 92.0 260.0
Finance - Distress
Notices of foreclosure rate (per 1,000 1-4 family and condo properties) 3.3 4.9 10.3 3.9 1.2 1.9
Notices of foreclosure, all residential properties 92 141 299 109 36 62
Notices of foreclosure, initial, 1-4 family and condo properties 67 92 225 54 14 22
Notices of foreclosure, repeat, 1-4 family and condo properties 17 37 49 51 19 29
Pre-foreclosure notice rate (per 1,000 1-4 family and condo properties) 28.8 17.6 14.5
Pre-foreclosure notices, 1-4 family and condo properties 766 471 387
Properties entering REO, 1-4 family 14 4 13
Finance - Lending
FHA/VA-backed home purchase loans (% of home purchase loans) 0.4% 25.9% 8.0% 9.0%
Higher-cost home purchase loans (% of home purchase loans) 21.8% 0.5% 6.9% 2.4%
Higher-cost refinance loans (% of refinance loans) 24.4% 1.9% 2.6% 0.4%
Home purchase loan rate (per 1,000 properties) 36.4 20.7 18.5 17.0
Home purchase loans in LMI tracts (% of home purchase loans) 15.6% 8.0% 4.5% 5.6%
Home purchase loans to LMI borrowers (% of home purchase loans) 1.5% 14.3% 4.7% 6.1%
Refinance loan rate (per 1,000 properties) 41.0 19.2 19.5 41.0
Sales - Volume
Sales volume, 1 family building 352 382 207 229 200 336
Sales volume, 2-4 family building 638 690 342 338 265 441
Sales volume, 5+ family building 74 62 32 27 23 50
Sales volume, condominium 15 68 38 23 56 56
Sales volume, all property types 1,079 1,202 619 617 544 883
Sales - Median Prices
Median sales price per unit, 1 family building (2021$) $667,850 $594,640 $766,050 $764,540 $770,000
Median sales price per unit, 2-4 family building (2021$) $374,150 $287,310 $442,920 $439,100 $437,200
Median sales price per unit, 5+ family building (2021$) $149,550 $131,970 $256,140 $227,300 $210,830
Median sales price per unit, condominium (2021$) $490,860 $414,620 $513,860 $515,870 $498,910
Sales - Housing Price Index
Index of housing price appreciation, 1 family building 100.0 200.7 194.3 315.0 308.3 305.3
Index of housing price appreciation, 2-4 family building 100.0 236.5 192.3 349.0 363.5 357.8
Index of housing price appreciation, 5+ family building 100.0 240.5 218.3 579.1 393.1 551.5
Index of housing price appreciation, condominium 100.0 252.1 198.5 335.1 312.1 346.8
Index of housing price appreciation, all property types 100.0 226.3 196.9 346.2 342.0 344.6
Subsidized Housing
Total number of subsidized properties (properties) 7
HUD Financing or Insurance (properties) 0
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) 30
421-a Tax Exemption (units) 600
420-c Tax Exemption (properties) 0
420-c Tax Exemption (units) 0
NYC Housing Production Programs and Zoning Incentives or Requirements (properties) 7
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) 0
Eligible to expire from housing programs in 2038 and later (units) 0

Land Use and Development

Indicator 2000 2006 2010 2019 2020 2021
Density
Population density (1,000 persons per square mile) 24.5 24.7 22.6
Development
Units authorized by new residential building permits 101 2 28 111 95
Units issued new certificates of occupancy 140 268 186 169 146

Neighborhood Services and Conditions

Indicator 2000 2006 2010 2019 2020 2021
Commute
Car-free commute (% of commuters) 51.0% 60.3% 58.5% 58.2%
Mean travel time to work (minutes) 38.4 40.1 37.8 43.2
Crime and Incarceration
Serious crime rate (per 1,000 residents) 10.8 10.1 7.7 9.1 8.3
Serious crime rate, property (per 1,000 residents) 8.3 7.3 5.3 6.4 6.0
Serious crime rate, violent (per 1,000 residents) 2.5 2.9 2.3 2.7 2.3
Schools
Students performing at grade level in English language arts, 4th grade 55.0%
Students performing at grade level in math, 4th grade 58.2%

Renters

Indicator 2000 2006 2010 2019 2020 2021
Median Rent
Median rent, 2- and 3-bedrooms (2021$) $1,490 $1,660
Median rent, all (2021$) $1,180 $1,390 $1,510 $1,750
Median rent, recent movers (2021$) $1,540 $1,850
Median rent, studios and 1-bedrooms (2021$) $1,240 $1,390
Change in collected rent (2019-2020) -2.4%
Affordability
Rental units affordable at 30% AMI (% of recently available units) 1.4% 2.1%
Rental units affordable at 80% AMI (% of recently available units) 72.7% 59.0%
Rental units affordable at 120% AMI (% of recently available units) 99.7% 93.7%
Rent Burden
Moderately rent-burdened households 24.2% 23.0% 23.7%
Moderately rent-burdened households, low income 38.7% 33.4%
Moderately rent-burdened households, moderate income 9.1% 11.4%
Severely rent-burdened households 22.0% 27.3% 23.8%
Severely rent-burdened households, low income 44.0% 43.5%
Severely rent-burdened households, moderate income 0.4% 0.4%
Rental Subsidy
Housing choice vouchers (% of occupied, privately owned rental units) 2.6% 1.4% 1.4%
Public housing (% of rental units) 0.0%
DEMOGRAPHICS

In 2019, there were an estimated 165,895 people in Ridgewood/Maspeth, of which 8.8% of the population identified as Asian, 2.2% identified as Black, 35.6% identified as Hispanic, and 52.0% identified as white.

Graph showing the racial and ethnic composition of Ridgewood/Maspeth in both 2000 and 2015-2019.
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In 2019, the household income group with the largest share (32.8%) 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 26.6%.

Graph showing the distribution of household income in Ridgewood/Maspeth in both 2000 and 2015-2019.
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Median household income in 2019 was $76,480, about 5% more than citywide median household income ($72,930). The poverty rate in Ridgewood/Maspeth was 8.4% in 2019 compared to 16.0% citywide.

The poverty rate in Ridgewood/Maspeth was 8.4% 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 Ridgewood/Maspeth in both 2010 and 2015-2019.
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HOUSING

Renters

Real median gross rent in Ridgewood/Maspeth increased from $1,390 in 2006 to $1,750 in 2019. In 2019, 23.8% of renter households in Ridgewood/Maspeth were severely rent burdened (spent more than 50% of household income on rent). 59.0% of the rental units were affordable at 80% Area Median Income, 14 percentage points lower than the share in 2010. None of rental units were public housing rental units, as of 2021. The overall rental vacancy rate in Ridgewood/Maspeth was 3.5% in 2019.

Real median gross rent in Ridgewood/Maspeth increased from $1,420 in 2007 to $1,750 in 2019.
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None of the rental units in Ridgewood/Maspeth are public housing rental units in 2021.
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Homeowners

In 2019, the homeownership rate in Ridgewood/Maspeth was 40.7%, higher than the citywide share of 31.9%. The homeownership rate in the neighborhood has increased by 0.3 percentage points since 2010. In 2020, the home purchase loan rate was 17.0 per 1,000 properties (owner-occupied 1-4 family buildings, condominiums, or cooperative apartments) and the refinance loan rate was 41.0 per 1,000 properties in the neighborhood. Out of all the first-time home purchase loans and refinance loans in Ridgewood/Maspeth, 2.4% and 0.4% were high cost loans, respectively. 62 properties had a filing of mortgage foreclosure in Ridgewood/Maspeth in 2021. There were 1.9 mortgage foreclosure actions initiated per 1,000 1-4 family properties and condominium units.

There were 1.9 mortgage foreclosure notices per 1,000 1-4 family properties and condominium units in Ridgewood/Maspeth in 2021
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Development

Department of Buildings issued new certificates of occupancy to 146 residential units in new buildings in Ridgewood/Maspeth in 2020, 23 less than the number of units certified in 2019.

Department of Buildings issued new certificates of occupancy to 146 residential units in new buildings in Ridgewood/Maspeth last year, 23 less than the number of units certified in 2019.
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Over the last decade, 695 units in 4+ unit buildings were built in Ridgewood/Maspeth. 92% 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 8.3 serious crimes per 1,000 residents in 2021, compared to 12.2 serious crimes per 1,000 residents citywide.

The serious crime rate was 8.3 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.