If you are browsing on a desktop, we encourage you to explore our interactive figures, where you can zoom in and out the figures to gain deeper insights and hover over the figure to see the indicator values. In 2022, Sheepshead Bay was the city’s 26th largest neighborhood by population out of 59 neighborhoods. It has the 50th largest proportion of nonwhite population, the 41st highest median income, and the 32nd most expensive rents of the city’s 59 neighborhoods. From 2010 to 2020, the neighborhood added 1,659 new housing units, 1,598 units of which were market rate and 61 units of which were income restricted.
DEMOGRAPHICS
Click on the + sign to expand the data table, and click on the - sign to collapse the data table.
Demographics
Indicator
2000
2006
2010
2019
2022
2023
Population
Born in New York State
50.5%
50.1%
46.6%
43.7%
Disabled population
7.6%
5.9%
7.7%
Foreign-born population
44.8%
45.0%
46.0%
48.0%
50.2%
Population
149,351
148,784
133,282
147,401
151,970
Population aged 65+
17.9%
19.1%
18.3%
19.7%
22.5%
Households
Households with children under 18 years old
31.0%
26.4%
24.1%
29.0%
23.4%
Single-person households
31.5%
32.4%
26.9%
29.9%
Race and Ethnicity
Percent Asian
12.3%
12.4%
13.8%
18.4%
20.7%
Percent Black
3.1%
3.9%
2.1%
3.8%
6.7%
Percent Hispanic
6.3%
6.8%
6.6%
6.7%
9.6%
Percent white
75.8%
76.1%
76.5%
67.2%
57.1%
Racial diversity index
0.41
0.40
0.39
0.51
0.62
Income, Poverty and Ownership
Income diversity ratio
6.2
5.9
5.8
6.4
Homeownership rate
41.6%
48.3%
46.5%
45.7%
43.6%
Median household income (2023$)
$69,130
$61,870
$62,760
$86,970
$63,370
Median household income, homeowners (2023$)
$95,290
$86,650
$118,330
$90,770
Median household income, renters (2023$)
$36,830
$44,650
$63,950
$49,100
Poverty rate
16.8%
17.7%
13.7%
11.6%
19.1%
Poverty rate, population aged 65+
22.1%
18.4%
18.0%
22.9%
Poverty rate, population under 18 years old
23.1%
19.0%
12.2%
23.5%
Labor Market
Labor force participation rate
52.6%
57.9%
59.8%
55.1%
Population aged 25+ without a high school diploma
15.1%
13.2%
11.7%
12.5%
Unemployment rate
6.6%
5.1%
9.0%
3.8%
4.2%
In 2022, there were an estimated 151,970 people in Sheepshead Bay, of which 20.7% identified as Asian, 6.7% identified as Black, 9.6% identified as Hispanic, and 57.1% identified as White.
In 2022, the household income group with the largest share (30.2%) 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 29.1%.
Median household income in 2022 was $63,370, about 18% less than citywide median household income ($77,550). The poverty rate in Sheepshead Bay was 19.1% in 2022 compared to 18.3% citywide.
Total housing code violations (per 1,000 privately owned rental units)
128.9
147.0
208.1
224.0
283.5
Median Rent
Median rent, studios and 1-bedrooms (2023$)
$1,270
$1,470
$1,590
Median rent, 2- and 3-bedrooms (2023$)
$1,480
$1,810
$1,900
Median rent, all (2023$)
$1,250
$1,290
$1,400
$1,670
$1,670
Median rent, recent movers (2023$)
$1,480
$1,840
$1,970
Affordability
Rental units affordable at 30% AMI (% of recently available units)
1.3%
5.8%
Rental units affordable at 80% AMI (% of recently available units)
69.3%
76.1%
Rental units affordable at 120% AMI (% of recently available units)
97.4%
96.1%
Rent Burden
Moderately rent-burdened households
24.4%
24.0%
21.5%
16.8%
Moderately rent-burdened households, low income
33.4%
34.0%
28.0%
Moderately rent-burdened households, moderate income
16.0%
7.7%
10.3%
Severely rent-burdened households
28.3%
29.5%
29.8%
31.7%
Severely rent-burdened households, low income
42.7%
42.3%
44.6%
Severely rent-burdened households, moderate income
0.0%
0.0%
0.5%
Rental Subsidy
Housing choice vouchers (% of occupied, privately owned rental units)
13.3%
5.6%
Real median gross rent in Sheepshead Bay increased from $1,290 in 2006 to $1,670 in 2022. This represents a 29.5% increase over the same period. The overall rental vacancy rate in Sheepshead Bay was 4.2% in 2022.
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 2022. Between 2018-2022, the largest share of studios had gross rents between $1.5,000 - $2,000 (37%), the largest share of one-bedrooms had rents between $1.5,000 - $2,000 (39%), the largest share of two-bedrooms had rents between $1.5,000 - $2,000 (28%), the largest share of three bedrooms had rents between $2.5,000 - $3,000 (23%). (If you are viewing this page on a desktop, you can use the drop down menu below to switch between different apartment sizes)
As of 2022, the change in median household income outpaced the change in median gross rent by 3.9 percentage points. In 2022, 31.7% of renter households in Sheepshead Bay were severely rent burdened (spent more than 50% of household income on rent). 76.1% of the rental units were affordable at 80% Area Median Income.
Click on the + sign to expand the data table, and click on the - sign to collapse the data table.
Housing Market
Indicator
2000
2006
2010
2019
2022
2023
Housing Stock
Housing units
60,222
60,078
62,863
65,842
Finance - Distress
Notices of foreclosure rate (per 1,000 1-4 family and condo properties)
3.7
4.2
11.5
8.4
5.5
Notices of foreclosure, all residential properties
80
94
263
191
125
Notices of foreclosure, initial, 1-4 family and condo properties
56
71
181
112
37
Notices of foreclosure, repeat, 1-4 family and condo properties
20
17
68
76
87
Pre-foreclosure notice rate (per 1,000 1-4 family and condo properties)
26.3
24.8
19.2
Pre-foreclosure notices, 1-4 family and condo properties
589
561
435
Properties entering REO, 1-4 family
5
0
4
Finance - Lending
FHA/VA-backed home purchase loans (% of home purchase loans)
0.2%
8.7%
2.0%
1.6%
Higher-cost home purchase loans (% of home purchase loans)
11.6%
0.7%
4.5%
3.1%
Higher-cost refinance loans (% of refinance loans)
21.2%
1.3%
3.9%
1.8%
Home purchase loan rate (per 1,000 properties)
30.6
17.6
17.7
24.3
Home purchase loans in LMI tracts (% of home purchase loans)
12.5%
15.6%
21.2%
8.1%
Home purchase loans to LMI borrowers (% of home purchase loans)
7.7%
10.7%
12.3%
23.4%
Refinance loan rate (per 1,000 properties)
23.5
17.0
15.7
10.5
Sales - Volume
Sales volume, 1 family building
384
333
202
155
250
221
Sales volume, 2-4 family building
461
337
191
150
281
224
Sales volume, 5+ family building
7
9
7
5
18
8
Sales volume, condominium
60
137
64
81
175
54
Sales volume, all property types
912
816
464
391
724
507
Sales - Median Prices
Median sales price per unit, 1 family building (2023$)
$473,730
$796,460
$678,450
$926,070
$887,690
$900,000
Median sales price per unit, 2-4 family building (2023$)
$264,660
$441,340
$378,330
$532,490
$518,600
$503,750
Median sales price per unit, 5+ family building (2023$)
$89,690
$162,110
$111,400
$289,400
$209,380
$232,350
Median sales price per unit, condominium (2023$)
$393,620
$724,910
$501,320
$549,850
$487,970
$517,500
Sales - Housing Price Index
Index of housing price appreciation, 1 family building
100.0
200.4
184.8
281.5
323.9
333.1
Index of housing price appreciation, 2-4 family building
100.0
206.2
184.0
301.9
336.9
349.9
Index of housing price appreciation, 5+ family building
100.0
189.9
76.0
359.2
238.0
277.4
Index of housing price appreciation, condominium
100.0
223.4
171.8
245.4
254.6
256.4
Index of housing price appreciation, all property types
100.0
206.6
183.2
286.7
316.7
331.3
In 2022, the homeownership rate in Sheepshead Bay was 43.6%, which is higher than the citywide share of 32.7%. The homeownership rate in the neighborhood has decreased by 2.9 percentage points since 2010. In 2022, the home purchase loan rate was 24.3 per 1,000 properties (owner-occupied 1-4 family buildings, condominiums, or cooperative apartments) and the refinance loan rate was 10.5 per 1,000 properties in the neighborhood. Out of all the first-time home purchase loans and refinance loans in Sheepshead Bay, 3.1% and 1.8% were high cost loans, respectively. 125 properties had a filing of mortgage foreclosure in Sheepshead Bay in 2022. There were 5.5 mortgage foreclosure actions initiated per 1,000 1-4 family properties and condominium units.
Among all residential properties, prices of residential properties have increased 92% in Sheepshead Bay since 2009. (If you are viewing this page on a desktop, you can use the drop down menu below to switch to a different index year for longer term trends.)
Click on the + sign to expand the data table, and click on the - sign to collapse the data table.
Development
Indicator
2000
2006
2010
2019
2022
2023
Development
Units authorized by new residential building permits
134
0
24
277
189
120
Units issued new certificates of occupancy
88
209
120
139
139
170
Density
Population density (1,000 persons per square mile)
34.4
30.8
34.1
35.1
Over the last decade, 1,659 units in 4+ unit buildings were built in Sheepshead Bay. 96% were market rate, compared to 0% 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.
The Department of Buildings issued new building permits to 120 residential units in new buildings in Sheepshead Bay in 2023, 69 fewer than the number of units authorized in 2022.
The Department of Buildings issued new certificates of occupancy to 170 residential units in new buildings in Sheepshead Bay in 2023, 31 more than the number of units certified in 2022.
Sheepshead Bay has 37 properties with subsidized units as of 2023 through programs like HUD assistance, Low Income Housing Tax Credits, 421a, and others. 1 property has subsidies due to expire between 2024 and 2029, 4 properties have subsidies due to expire between 2030 and 2039, and 3 properties have subsidies expiring after 2039. For more comprehensive subsidized housing information in New York City, please visit Furman Center's CoreData.nyc.
Students performing at grade level in English language arts, 4th grade
60.0%
48.4%
55.9%
Students performing at grade level in math, 4th grade
65.6%
54.6%
61.1%
The serious crime rate, including property and violent crime types, was 8.6 serious crimes per 1,000 residents in 2023, compared to 14.2 serious crimes per 1,000 residents citywide.
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 2022 heading comes from 2018 – 2022 ACS.
Sign Up
Facebook
Twitter
LinkedIn
