Comparison of Incomes and Rents, Rent-Stabilized vs.

Market-Rate Rentals
2008 NYCHVS by Sub-Borough Area
Prepared by the Furman Center for Real Estate and Public Policy at New York University
At the request of City Councilmember Brad Lander (June 2011)

% Rent Burdened % Severely Rent

SBA* Sub Borough Area Median Income Median Rent (rent >30% of Burdened (rent
income) >50% of income)
Market Rent % Market Rent % Market Rent Market Rent
Rate Stabilized difference Rate Stabilized difference Rate Stabilized Rate Stabilized
101 Mott Haven/Hunts Point $25,000 $19,899 26% $1,200 $850 41% 75.5% 73.2% 63.3% 46.2%
102 Morrisania/Belmont $23,200 $20,000 16% $1,115 $920 21% 70.0% 67.4% 43.6% 48.3%
103 Highbridge/South Concourse $25,000 $21,490 16% $1,050 $900 17% 72.9% 63.4% 48.1% 42.8%
105 Kingsbridge Heights/Moshulu $30,000 $28,000 7% $1,075 $996 8% 65.2% 63.0% 35.9% 38.8%
106 Riverdale/Kingsbridge $55,000 $32,000 72% $1,440 $1,050 37% 50.6% 59.8% 18.2% 35.8%
107 Soundview/Parkchester $28,000 $26,000 8% $1,170 $990 18% 60.5% 58.7% 36.0% 39.4%
108 Throgs Neck/Co-op City $41,000 $32,000 28% $1,430 $960 49% 54.4% 55.1% 34.6% 29.5%
109 Pelham Parkway $34,000 $35,000 -3% $1,105 $975 13% 58.3% 41.4% 27.3% 26.1%
110 Williamsbridge/Baychester $34,000 $28,000 21% $1,300 $974 33% 60.1% 66.7% 40.6% 38.8%
201 Williamsburg/Greenpoint $60,000 $40,000 50% $1,475 $948 56% 53.7% 46.0% 28.9% 20.6%
202 Brooklyn Heights/Fort Greene $58,000 $46,000 26% $1,392 $1,270 10% 49.0% 46.6% 20.7% 23.7%
203 Bedford Stuyvesant $35,000 $26,400 33% $1,140 $875 30% 57.0% 60.6% 30.7% 33.0%
204 Bushwick $39,500 $35,000 13% $1,110 $1,085 2% 48.7% 59.3% 26.3% 28.6%
205 East New York/Starrett City $39,000 $29,900 30% $1,110 $1,071 4% 62.8% 70.1% 31.6% 34.4%
206 Park Slope/Carroll Gardens $64,000 $46,000 39% $1,720 $1,100 56% 46.2% 42.9% 24.5% 13.6%
207 Sunset Park $38,000 $53,032 -28% $1,130 $1,075 5% 59.9% 36.7% 32.4% 19.2%
208 North Crown Heights/Prospect Heights $54,200 $27,000 101% $1,490 $1,030 45% 50.7% 55.3% 23.9% 35.4%
209 South Crown Heights $51,000 $35,000 46% $1,230 $972 27% 40.9% 51.5% 17.2% 29.8%
210 Bay Ridge $40,000 $50,000 -20% $1,220 $1,025 19% 53.4% 34.9% 33.3% 22.4%
211 Bensonhurst $40,000 $27,000 48% $1,080 $970 11% 48.8% 59.7% 28.5% 39.3%
212 Borough Park $25,000 $29,490 -15% $1,145 $1,010 13% 72.4% 58.6% 53.2% 40.9%
213 Coney Island $53,140 $20,800 155% $1,060 $850 25% 38.3% 63.1% 17.1% 32.0%
214 Flatbush $34,002 $30,000 13% $1,210 $1,011 20% 56.6% 63.4% 37.6% 37.4%
215 Sheepshead Bay/Gravesend $42,200 $29,490 43% $1,225 $923 33% 53.0% 54.7% 26.6% 33.4%
216 Brownsville/Ocean Hill $29,000 $32,281 -10% $1,165 $990 18% 61.9% 48.9% 41.7% 35.9%
217 East Flatbush $46,182 $38,000 22% $1,170 $1,025 14% 66.5% 50.3% 16.7% 24.3%
301 Greenwich Village/Financial District $137,700 $70,000 97% $2,988 $1,700 76% 44.2% 43.9% 21.7% 24.9%
302 Lower East Side/Chinatown $97,000 $33,700 188% $2,420 $986 145% 50.9% 53.0% 18.1% 31.7%
303 Chelsea/Clinton/Midtown $100,000 $55,000 82% $2,675 $1,479 81% 51.7% 44.4% 20.6% 27.4%
304 Stuyvesant Town/Turtle Bay $95,000 $62,400 52% $2,855 $1,350 111% 53.5% 43.4% 26.6% 27.8%
305 Upper West Side $120,000 $68,000 76% $3,040 $1,100 176% 50.7% 35.4% 30.6% 17.1%
306 Upper East Side $100,500 $75,000 34% $2,630 $1,595 65% 49.4% 43.7% 29.3% 18.7%
307 Morningside Heights/Hamilton Heights $60,000 $36,000 67% $1,940 $925 110% 39.4% 50.6% 29.1% 28.8%
308 Central Harlem $55,000 $26,000 112% $1,560 $768 103% 44.0% 50.9% 20.8% 30.9%
309 East Harlem $55,000 $32,391 70% $1,360 $900 51% 59.8% 43.7% 19.7% 29.7%
401 Astoria $49,286 $45,000 10% $1,500 $1,100 36% 52.3% 49.7% 28.6% 34.9%
402 Sunnyside/Woodside $45,000 $32,400 39% $1,490 $1,098 36% 63.7% 59.8% 36.1% 32.1%
403 Jackson Heights $46,000 $31,000 48% $1,194 $1,070 12% 58.2% 64.3% 27.9% 35.3%
404 Elmhurst/Corona $50,000 $42,200 18% $1,360 $1,101 24% 54.0% 52.3% 30.2% 25.9%
405 Middle Village/Ridgewood $50,000 $45,100 11% $1,197 $1,050 14% 46.1% 50.2% 23.2% 32.2%
406 Rego Park/Forest Hills $70,000 $49,000 43% $1,740 $1,104 58% 42.6% 47.0% 30.4% 31.0%
407 Flushing/Whitestone $50,000 $44,000 14% $1,385 $1,180 17% 46.7% 50.7% 26.4% 27.7%
408 Hillcrest/Fresh Meadows $40,000 $45,000 -11% $1,210 $1,137 6% 54.1% 46.2% 23.8% 23.2%
409 Ozone Park/Woodhaven $43,000 $49,000 -12% $1,240 $1,140 9% 61.6% 42.6% 34.6% 17.1%
412 Jamaica $41,000 $35,000 17% $1,200 $1,035 16% 55.6% 54.6% 32.2% 32.9%
413 Queens Village $46,516 $26,880 73% $1,100 $952 16% 44.9% 64.6% 26.0% 48.6%
414 Rockaways $35,000 $34,000 3% $1,155 $960 20% 51.8% 51.7% 23.4% 34.4%
501 North Shore $43,000 $20,000 115% $1,200 $1,050 14% 52.8% 44.1% 30.2% 31.4%

Core Manhattan $100,500 $62,000 62% $2,760 $1,370 101% 50.2% 43.2% 25.3% 23.6%
 NYC (not-core Manhattan) $43,600 $32,400 35% $1,240 $1,000 24% 54.0% 54.7% 29.5% 32.6%

Bronx $31,299 $25,900 21% $1,200 $945 27% 62.2% 60.5% 38.0% 38.7%
Brooklyn $42,000 $34,420 22% $1,210 $1,005 20% 54.5% 53.3% 29.2% 30.2%
Manhattan $100,000 $50,000 100% $2,620 $1,111 136% 49.6% 46.7% 24.9% 26.7%
Queens $47,000 $40,000 18% $1,290 $1,100 17% 52.2% 52.4% 28.0% 30.5%
Staten Island $45,000 $27,000 67% $1,105 $980 13% 49.0% 47.0% 28.0% 25.6%

NYC $50,000 $36,000 39% $1,350 $1,030 31% 53.2% 52.7% 28.7% 31.0%
From 2008 NYC Housing & Vacancy Survey,
analysis prepared by Furman Center for Real
Estate & Urban
(selected SBAs Policy at New
that have York3,000
at least
University.living in both market rate and rent
residents
stabilized rental housing)