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Bushwick BK04

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Neighborhood Indicators

Demographics

Indicator 2000 2006 2010 2019 2021 2022
Population
Born in New York State 45.5% 45.7% 42.3% 45.0%
Disabled population 6.7% 5.2% 9.2%
Foreign-born population 33.2% 38.7% 35.7% 30.9% 29.8%
Population 120,710 123,871 140,437 127,550 114,694
Population aged 65+ 6.7% 7.7% 7.1% 9.7% 10.6%
Households
Households with children under 18 years old 53.6% 42.8% 43.3% 23.9% 20.7%
Single-person households 26.8% 18.2% 23.8% 26.2%
Race and Ethnicity
Percent Asian 2.8% 3.2% 2.9% 4.2% 8.2%
Percent Black 23.4% 20.6% 19.3% 15.3% 15.7%
Percent Hispanic 67.8% 70.3% 68.4% 56.3% 47.6%
Percent white 3.1% 4.1% 9.0% 20.6% 24.0%
Racial diversity index 0.48 0.46 0.49 0.61 0.68
Income and Poverty
Income diversity ratio 6.3 4.6 7.3 6.5
Median household income (2022$) $40,300 $39,140 $47,710 $73,890 $74,890
Median household income, homeowners (2022$) $76,270 $76,170 $121,480 $132,820
Median household income, renters (2022$) $33,710 $42,310 $61,690 $63,700
Poverty rate 38.2% 32.9% 28.5% 20.7% 24.2%
Poverty rate, population aged 65+ 32.2% 27.0% 25.6% 37.2%
Poverty rate, population under 18 years old 44.8% 42.0% 36.7% 36.9%
Labor Market
Labor force participation rate 59.0% 61.6% 71.4% 69.4%
Population aged 25+ without a high school diploma 44.6% 39.4% 22.4% 20.6%
Unemployment rate 17.21% 7.10% 10.22% 6.32% 10.03%

Housing Market and Conditions

Indicator 2000 2006 2010 2019 2021 2022
Housing Stock
Homeownership rate 13.7% 18.7% 15.9% 14.6% 15.0%
Housing units 42,583 47,609 53,654 46,540
Rental vacancy rate 5.2% 3.4% 3.3%
Serious housing code violations (per 1,000 privately owned rental units) 180.8 175.6 123.1 108.4 110.1
Severe crowding rate (% of renter households) 5.4% 3.9% 4.0%
Total housing code violations (per 1,000 privately owned rental units) 755.9 585.6 429.3 471.6 427.1
Finance - Distress
Notices of foreclosure rate (per 1,000 1-4 family and condo properties) 23.1 35.1 53.1 14.2 7.5 10.4
Notices of foreclosure, all residential properties 242 277 425 112 75 90
Notices of foreclosure, initial, 1-4 family and condo properties 102 193 211 46 25 30
Notices of foreclosure, repeat, 1-4 family and condo properties 26 30 148 52 28 45
Pre-foreclosure notice rate (per 1,000 1-4 family and condo properties) 67.6 31.4 61.5
Pre-foreclosure notices, 1-4 family and condo properties 467 226 442
Properties entering REO, 1-4 family 49 10 16
Finance - Lending
FHA/VA-backed home purchase loans (% of home purchase loans) 1.2% 63.0% 5.0% 5.6%
Higher-cost home purchase loans (% of home purchase loans) 48.4% 1.9% 3.6% 1.5%
Higher-cost refinance loans (% of refinance loans) 43.6% 12.9% 2.1% 1.0%
Home purchase loan rate (per 1,000 properties) 95.6 20.6 18.3 34.7
Home purchase loans in LMI tracts (% of home purchase loans) 100.0% 7.3% 100.0% 99.6%
Home purchase loans to LMI borrowers (% of home purchase loans) 2.5% 100.0% 4.4% 2.7%
Refinance loan rate (per 1,000 properties) 108.4 9.4 19.1 38.9
Sales - Volume
Sales volume, 1 family building 18 33 6 7 8 13
Sales volume, 2-4 family building 286 665 160 142 110 229
Sales volume, 5+ family building 119 179 66 38 66 78
Sales volume, condominium 0 32 25 82 104 81
Sales volume, all property types 423 909 257 269 288 401
Sales - Median Prices
Median sales price per unit, 1 family building (2022$) $287,710 $597,240 $312,250 $970,010 $1,167,130 $1,275,000
Median sales price per unit, 2-4 family building (2022$) $147,000 $334,920 $214,390 $524,030 $529,190 $500,000
Median sales price per unit, 5+ family building (2022$) $67,410 $117,080 $110,260 $248,540 $265,260 $218,330
Median sales price per unit, condominium (2022$) $506,630 $379,850 $658,150 $623,350 $675,000
Sales - Housing Price Index
Index of housing price appreciation, 1 family building 100.0 250.6 147.6 417.6 484.2 670.4
Index of housing price appreciation, 2-4 family building 100.0 256.4 162.0 434.4 483.6 509.5
Index of housing price appreciation, 5+ family building 100.0 216.1 226.6 602.7 568.4 467.4
Index of housing price appreciation, condominium 100.0 43.8 37.8 94.1 93.6
Index of housing price appreciation, all property types 100.0 249.3 183.0 461.0 492.0 512.2
Subsidized Housing
Total number of subsidized properties (properties) 495
HUD Financing or Insurance (properties) 0
HUD Financing or Insurance (units) 0
HUD Project-based Rental Assistance Program (properties) 7
HUD Project-based Rental Assistance Program (units) 427
Low Income Housing Tax Credit (properties) 117
Low Income Housing Tax Credit (units) 3,081
Public Housing (properties) 0
Public Housing (units) 0
Mitchell-Lama (properties) 0
Mitchell-Lama (units) 0
421-a Tax Exemption (properties) 219
421-a Tax Exemption (units) 6,114
420-c Tax Exemption (properties) 59
420-c Tax Exemption (units) 1,495
NYC Housing Production Programs and Zoning Incentives or Requirements (properties) 300
Eligible to expire from housing programs between 2023 and 2028 (properties) 12
Eligible to expire from housing programs between 2023 and 2028 (units) 147
Eligible to expire from housing programs between 2029 and 2038 (properties) 35
Eligible to expire from housing programs between 2029 and 2038 (units) 1,075
Eligible to expire from housing programs in 2039 and later (properties) 38
Eligible to expire from housing programs in 2039 and later (units) 431

Land Use and Development

Indicator 2000 2006 2010 2019 2021 2022
Density
Population density (1,000 persons per square mile) 48.9 55.4 50.3 45.2
Development
Units authorized by new residential building permits 225 0 73 431 487 976
Units issued new certificates of occupancy 4 568 450 1,199 427 376

Neighborhood Services and Conditions

Indicator 2000 2006 2010 2019 2021 2022
Commute
Car-free commute (% of commuters) 73.6% 78.9% 84.5% 83.5% 77.0%
Mean travel time to work (minutes) 39.8 41.6 38.3 42.1 40.5
Crime and Incarceration
Serious crime rate (per 1,000 residents) 19.4 16.3 14.0 14.0 15.7
Serious crime rate, property (per 1,000 residents) 10.5 8.6 8.2 8.8 10.1
Serious crime rate, violent (per 1,000 residents) 8.9 7.7 5.8 5.2 5.6
Schools
Students performing at grade level in English language arts, 4th grade 31.4% 20.7%
Students performing at grade level in math, 4th grade 34.3% 16.6%

Renters

Indicator 2000 2006 2010 2019 2021 2022
Median Rent
Median rent, 2- and 3-bedrooms (2022$) $1,360 $1,650 $1,840
Median rent, all (2022$) $1,030 $1,160 $1,420 $1,900 $2,000
Median rent, recent movers (2022$) $1,610 $2,320 $2,640
Median rent, studios and 1-bedrooms (2022$) $1,070 $1,360 $1,690
Change in collected rent (2019-2020) -0.1%
Affordability
Rental units affordable at 30% AMI (% of recently available units) 6.6% 6.4% 5.4%
Rental units affordable at 80% AMI (% of recently available units) 65.2% 42.5% 33.7%
Rental units affordable at 120% AMI (% of recently available units) 97.5% 85.1% 82.2%
Rent Burden
Moderately rent-burdened households 23.5% 25.5% 27.1% 22.8%
Moderately rent-burdened households, low income 26.8% 26.9% 27.8%
Moderately rent-burdened households, moderate income 11.6% 29.7% 33.9%
Severely rent-burdened households 31.9% 35.7% 31.9% 29.1%
Severely rent-burdened households, low income 45.4% 47.2% 46.1%
Severely rent-burdened households, moderate income 0.6% 1.5% 5.6%
Rental Subsidy
Housing choice vouchers (% of occupied, privately owned rental units) 7.5% 7.2%
Public housing (% of rental units) 0.0%
DEMOGRAPHICS

In 2021, there were an estimated 114,694 people in Bushwick, of which 8.2% identified as Asian, 15.7% identified as Black, 47.6% identified as Hispanic, and 24.0% identified as white.

Graph showing the racial and ethnic composition of Bushwick in both 2000 and 2017-2021.
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In 2021, the household income group with the largest share (28.8%) of households was $100,001 - $250,000. In 2000, the household income group with the largest share (27.9%) of households was <= $20,000.

Graph showing the distribution of household income in Bushwick in both 2000 and 2017-2021.
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Median household income in 2021 was $74,890, about 4% more than citywide median household income ($72,150). The poverty rate in Bushwick was 24.2% in 2021 compared to 18.0% citywide.

The poverty rate in Bushwick was 24.2% 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 Bushwick in both 2010 and 2017-2021.
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HOUSING

Renters

Real median gross rent in Bushwick increased from $1,160 in 2006 to $2,000 in 2021. This represents a 72.4% increase over the same period. As of 2021, the change in median household income outpaced the change in median gross rent by 16.6 percentage points. In 2021, 29.1% of renter households in Bushwick were severely rent burdened (spent more than 50% of household income on rent). 33.7% of the rental units were affordable at 80% Area Median Income, 32 percentage points lower than the share in 2010. None of the rental units were public housing rental units, as of 2022. The overall rental vacancy rate in Bushwick was 3.3% in 2021.

Real median gross rent in Bushwick increased from $1,160 in 2006 to $2,000 in 2021.
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Graph showing the change in real median gross rent and median renter household income in Bushwick from 2006 to 2021.
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None of the rental units in Bushwick are public housing rental units in 2022.
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Homeowners

In 2021, the homeownership rate in Bushwick was 15.0%, which is lower than the citywide share of 33.3%. The homeownership rate in the neighborhood has decreased by 0.9 percentage points since 2010. In 2021, the home purchase loan rate was 34.7 per 1,000 properties (owner-occupied 1-4 family buildings, condominiums, or cooperative apartments) and the refinance loan rate was 38.9 per 1,000 properties in the neighborhood. Out of all the first-time home purchase loans and refinance loans in Bushwick, 1.5% and 1.0% were high cost loans, respectively. 90 properties had a filing of mortgage foreclosure in Bushwick in 2022. There were 10.4 mortgage foreclosure actions initiated per 1,000 1-4 family properties and condominium units.

There were 10.4 mortgage foreclosure notices per 1,000 1-4 family properties and condominium units in Bushwick in 2022
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Development

The Department of Buildings issued new certificates of occupancy to 376 residential units in new buildings in Bushwick in 2022, 51 fewer than the number of units certified in 2021.

Department of Buildings issued new certificates of occupancy to 376 residential units in new buildings in Bushwick last year, the same as the number of units certified in 2022.
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Over the last decade, 5,111 units in 4+ unit buildings were built in Bushwick. 78% were market rate, compared to 13% 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 15.7 serious crimes per 1,000 residents in 2022, compared to 14.2 serious crimes per 1,000 residents citywide.

The serious crime rate was 15.7 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 Indicator Definitions, Rankings, and Methods for more information.

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 .