Community District 2 Brooklyn Neighborhood Report

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Brooklyn Neighborhood Reports 2012

Demographics ■ Youth & Education ■ Economy ■ Housing ■ Environment ■ Health ■ Public Safety ■ Arts & Culture ■ Civic Engagement

Housing

s

Community District 2 Index of Housing Price Appreciation (2-4 Family Buildings)

Source: Jay Woodworth, Flickr

Total Households

136.6 100.0

50,361

48,470

CD 2 (2000)

Brooklyn

Brooklyn (2007/09):

2000

889,957

25.2 25.2

30.3% CD 2 Owners

14.1

Brooklyn Owners 69.7%

2010

Housing Burden of Owners CD 2 (2000) CD CD22(2010) (2000) Brooklyn (2010) CD 2 (2010)

44.0% 29.6%

Brooklyn (2010)

CD 2 Renters

73.2% 67.9%

2009

Foreclosures

Owners and Renters

100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0%

2008

Data Source: Furman Center for Real Estate and Urban Policy; This index measures the change in the price of buildings that have sold multiple times during the given time periods. This controls for price fluctuations that are due to housing quality.

Data Sources: U.S. Census 2000; 2007/09 American Community Survey

26.8% 32.1%

CD 2

CD 2 (2007/09)

Number of Households

The median sales price per unit in 2-4 family buildings in CD 2 has increased 83.5%, from $225,268 in 2000 to $413,333 in 2010.

134.6

Brooklyn Renters

14.1

14.9

44.0%

14.9

29.6%

15.5%

24.3%

CD 2 (2007/09) Brooklyn (2007/0 CD 2 (2007/09) Brooklyn (2007/09)

24.3%

15.5% Owners Paying Owners Paying 30% or More of 50% or More of Income on Income on Housing Owners Paying Housing Owners Paying

CD 14 (2000)

Data Sources: U.S. Census 2000; 2007/09 American Community Survey

www.studybrooklyn.org

Foreclosure Rate per 1,000 1-4 Family Properties Foreclosure Rate per 1,000 Family Properties Data 1-4 Source: Furman Center for Real Estate and Urban Policy

30% or More of 50% or More of IncomeData on Source: Income on American Community Survey 2007/09 Housing Housing

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