MN05
Midtown
1
2012 Rank 141,068 30 Population 45.9 21 Population Density (1,000 persons per square mile) 0.52 34 Racial Diversity Index 64.0% 1 Single-Person Households (% of households) $87,726 6 Median Household Income 6.7 8 Income Diversity Ratio 3.9% 26 Rental Vacancy Rate 2 7.8% 45 Residential Units within a Hurricane Evacuation Zone 94.2% 24 Residential Units within 1/4 Mile of a Park 0.3 0.0% 0 0.2 Unused Capacity Rate (% of land area)3 0.1
2011 Rank Rental Stock by Regulation and Subsidy Status (% of rental units) 36.8% 33 n Market Rate 32.4% 39 n Rent-Stabilized or Rent-Controlled 3.8% 31 n Public Housing 27.0% 2 n Other Subsidized (Income-Restricted) MN05 NYC
0.2 0.0
0%
100%
0.0 Household Income Distribution (2013$), 2000–2012
Racial and Ethnic Composition, 2000–2012
n 2000 n 2012
n MN05 in 2000 n MN05 in 2012 n NYC in 2000 n NYC in 2012
60%
100%
45%
75%
30%
50%
15%
25%
0%
$0 – $20,000
$20,001 – $40,000
$40,001 – $60,000
$60,001 – $100,000
$100,001 – $250,000
HOUSING
$250,001 +
2000
0%
2006
White
2010
Black
2012
Hispanic
2013
Asian
Rank (’00) Rank (’12/’13)
1,174 976 17 70 381 Units Authorized by New Residential Building Permits 730 697 221 7 324 Units Issued New Certificates of Occupancy 20.2% — — 23.2% — Homeownership Rate 100.0 207.7 205.9 223.7 256.0 Index of Housing Price Appreciation (condominium)4 $654,396 $1,155,333 $1,374,602 $1,372,688 $1,345,000 Median Sales Price per Unit (condominium)4 344 1,031 636 657 654 Sales Volume — $1,669 — $2,035 — Median Monthly Rent (all renters) — $2,153 — $2,522 — Median Monthly Rent (recent movers) — 25.3% — 27.6% — Median Rent Burden — 45.6% — 42.4% — Median Rent Burden (low-income renters) 19.7% — 21.1% — Severely Rent Burdened Households (% of renter households) — — — 2.4% 2.1% — Housing Choice Vouchers (% of renter households) — 53.7 23.4 23.6 — Home Purchase Loan Rate (per 1,000 properties) — 11.4 29.7 37.0 — Refinance Loan Rate (per 1,000 properties) — 0.0% 0.2% 0.1% — FHA/VA-Backed Home Purchase Loans (% of home purchase loans) — — — 14.5 11.1 Pre-Foreclosure Notice Rate (per 1,000 1–4 family and condo properties) 0.9 1.6 4.0 5.2 2.5 Notices of Foreclosure Rate (per 1,000 1–4 family and condo properties) 3.0% 2.9% 0.0% — — Tax Delinquencies (% of residential properties delinquent ≥ 1 year) — 6.8 7.1 6.3 6.2 Serious Housing Code Violations (per 1,000 rental units) — — 3.1% 1.6% — Severe Crowding Rate (% of renter households)
2 5 37 — 6 36 — — — — — — — — — — 59 48 — —
9 8 36 4 2 22 1 3 48 44 51 38 10 7 51 59 57 59 56 48
37 54 23 14 38 37 33 54 1 — — 36 3
42 54 29 19 46 46 42 55 1 2 2 50 2
POPULATION Foreign-Born Population Households with Children under 18 Years Old Population Aged 65 and Older Share of Population Living in Racially Integrated Tracts Poverty Rate Unemployment Rate Public Transportation Rate Mean Travel Time to Work (minutes) Serious Crime Rate (per 1,000 residents) Students Performing at Grade Level in Math Students Performing at Grade Level in Reading Asthma Hospitalizations (per 1,000 people) Elevated Blood Lead Levels (incidence per 1,000 children)5
25.3% — — 24.5% — 8.4% — — 8.8% — 11.4% — — 11.9% — 34.1% — 29.2% — — 14.4% — — 11.5% — 7.3% — — 7.2% — 54.9% — — 49.5% — 24.8 — — 24.6 — 350.7 208.6 111.5 105.4 109.4 — — — — 60.2% — — — — 54.0% 2.0 1.9 1.5 — — 30.2 17.3 8.9 7.7 —
1. Community districts MN 04 and MN 05 both fall within sub-borough area 303. Data reported at the sub-borough area for these community districts are identical. 2. Rental vacancy rate is an average rate for 2010-2012. 3. Data on unused capacity rate are from 2011. 4. Ranked out of 7 community districts with the same predominant housing type. 5. Sample size is less than 20 newly identified cases in at least one year presented.
102 N Y U F U R M A N C E N T E R • @ F U R M A N C E N T E R N Y U