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)

SBA*

Sub Borough Area

101 Mott Haven/Hunts Point
102 Morrisania/Belmont
103 Highbridge/South Concourse
105 Kingsbridge Heights/Moshulu
106 Riverdale/Kingsbridge
107 Soundview/Parkchester
108 Throgs Neck/Co-op City
109 Pelham Parkway
110 Williamsbridge/Baychester
201 Williamsburg/Greenpoint
202 Brooklyn Heights/Fort Greene
203 Bedford Stuyvesant
204 Bushwick
205 East New York/Starrett City
206 Park Slope/Carroll Gardens
207 Sunset Park
208 North Crown Heights/Prospect Heights
209 South Crown Heights
210 Bay Ridge
211 Bensonhurst

Median Income
Market
Rent
%
Rate
Stabilized difference
$25,000
$19,899
26%
$23,200
$20,000
16%
$25,000
$21,490
16%
$30,000
$28,000
7%
$55,000
$32,000
72%
$28,000
$26,000
8%
$41,000
$32,000
28%
$34,000
$35,000
-3%
$34,000
$28,000
21%
$60,000
$40,000
50%
$58,000
$46,000
26%
$35,000
$26,400
33%
$39,500
$35,000
13%
$39,000
$29,900
30%
$64,000
$46,000
39%
$38,000
$53,032
-28%
$54,200
$27,000
101%
$51,000
$35,000
46%
$40,000
$50,000
-20%
$40,000
$27,000
48%

Median Rent

% Rent Burdened
(rent >30% of
income)

% Severely Rent
Burdened (rent
>50% of income)

Market
Rent
%
Market
Rent
Market
Rent
Rate
Stabilized difference
Rate Stabilized
Rate Stabilized
$1,200
$850
41%
75.5%
73.2%
63.3%
46.2%
$1,115
$920
21%
70.0%
67.4%
43.6%
48.3%
$1,050
$900
17%
72.9%
63.4%
48.1%
42.8%
$1,075
$996
8%
65.2%
63.0%
35.9%
38.8%
$1,440
$1,050
37%
50.6%
59.8%
18.2%
35.8%
$1,170
$990
18%
60.5%
58.7%
36.0%
39.4%
$1,430
$960
49%
54.4%
55.1%
34.6%
29.5%
$1,105
$975
13%
58.3%
41.4%
27.3%
26.1%
$1,300
$974
33%
60.1%
66.7%
40.6%
38.8%
$1,475
$948
56%
53.7%
46.0%
28.9%
20.6%
$1,392
$1,270
10%
49.0%
46.6%
20.7%
23.7%
$1,140
$875
30%
57.0%
60.6%
30.7%
33.0%
$1,110
$1,085
2%
48.7%
59.3%
26.3%
28.6%
$1,110
$1,071
4%
62.8%
70.1%
31.6%
34.4%
$1,720
$1,100
56%
46.2%
42.9%
24.5%
13.6%
$1,130
$1,075
5%
59.9%
36.7%
32.4%
19.2%
$1,490
$1,030
45%
50.7%
55.3%
23.9%
35.4%
$1,230
$972
27%
40.9%
51.5%
17.2%
29.8%
$1,220
$1,025
19%
53.4%
34.9%
33.3%
22.4%
$1,080
$970
11%
48.8%
59.7%
28.5%
39.3%

212 Borough Park
213 Coney Island
214 Flatbush
215 Sheepshead Bay/Gravesend
216 Brownsville/Ocean Hill
217 East Flatbush
301 Greenwich Village/Financial District
302 Lower East Side/Chinatown
303 Chelsea/Clinton/Midtown
304 Stuyvesant Town/Turtle Bay
305 Upper West Side
306 Upper East Side
307 Morningside Heights/Hamilton Heights
308 Central Harlem
309 East Harlem
401 Astoria
402 Sunnyside/Woodside
403 Jackson Heights
404 Elmhurst/Corona
405 Middle Village/Ridgewood
406 Rego Park/Forest Hills
407 Flushing/Whitestone
408 Hillcrest/Fresh Meadows
409 Ozone Park/Woodhaven
412 Jamaica
413 Queens Village
414 Rockaways
501 North Shore
Core Manhattan

$25,000
$53,140
$34,002
$42,200
$29,000
$46,182
$137,700
$97,000
$100,000
$95,000
$120,000
$100,500
$60,000
$55,000
$55,000
$49,286
$45,000
$46,000
$50,000
$50,000
$70,000
$50,000
$40,000
$43,000
$41,000
$46,516
$35,000
$43,000

$29,490
$20,800
$30,000
$29,490
$32,281
$38,000
$70,000
$33,700
$55,000
$62,400
$68,000
$75,000
$36,000
$26,000
$32,391
$45,000
$32,400
$31,000
$42,200
$45,100
$49,000
$44,000
$45,000
$49,000
$35,000
$26,880
$34,000
$20,000

-15%
155%
13%
43%
-10%
22%
97%
188%
82%
52%
76%
34%
67%
112%
70%
10%
39%
48%
18%
11%
43%
14%
-11%
-12%
17%
73%
3%
115%

$1,145
$1,060
$1,210
$1,225
$1,165
$1,170
$2,988
$2,420
$2,675
$2,855
$3,040
$2,630
$1,940
$1,560
$1,360
$1,500
$1,490
$1,194
$1,360
$1,197
$1,740
$1,385
$1,210
$1,240
$1,200
$1,100
$1,155
$1,200

$1,010
$850
$1,011
$923
$990
$1,025
$1,700
$986
$1,479
$1,350
$1,100
$1,595
$925
$768
$900
$1,100
$1,098
$1,070
$1,101
$1,050
$1,104
$1,180
$1,137
$1,140
$1,035
$952
$960
$1,050

13%
25%
20%
33%
18%
14%
76%
145%
81%
111%
176%
65%
110%
103%
51%
36%
36%
12%
24%
14%
58%
17%
6%
9%
16%
16%
20%
14%

72.4%
38.3%
56.6%
53.0%
61.9%
66.5%
44.2%
50.9%
51.7%
53.5%
50.7%
49.4%
39.4%
44.0%
59.8%
52.3%
63.7%
58.2%
54.0%
46.1%
42.6%
46.7%
54.1%
61.6%
55.6%
44.9%
51.8%
52.8%

58.6%
63.1%
63.4%
54.7%
48.9%
50.3%
43.9%
53.0%
44.4%
43.4%
35.4%
43.7%
50.6%
50.9%
43.7%
49.7%
59.8%
64.3%
52.3%
50.2%
47.0%
50.7%
46.2%
42.6%
54.6%
64.6%
51.7%
44.1%

53.2%
17.1%
37.6%
26.6%
41.7%
16.7%
21.7%
18.1%
20.6%
26.6%
30.6%
29.3%
29.1%
20.8%
19.7%
28.6%
36.1%
27.9%
30.2%
23.2%
30.4%
26.4%
23.8%
34.6%
32.2%
26.0%
23.4%
30.2%

40.9%
32.0%
37.4%
33.4%
35.9%
24.3%
24.9%
31.7%
27.4%
27.8%
17.1%
18.7%
28.8%
30.9%
29.7%
34.9%
32.1%
35.3%
25.9%
32.2%
31.0%
27.7%
23.2%
17.1%
32.9%
48.6%
34.4%
31.4%

$100,500

$62,000

62%

$2,760

$1,370

101%

50.2%

43.2%

25.3%

23.6%

NYC (not-core Manhattan)
Bronx
Brooklyn
Manhattan
Queens
Staten Island
NYC
From 2008 NYC Housing & Vacancy Survey,
analysis prepared
byhave
Furman
Center
for Real
(selected
SBAs that
at least
3,000
Estate & Urban
Policy
New York
University.
residents
living in
both at
market
rate and
rent
stabilized rental housing)

$43,600

$32,400

35%

$1,240

$1,000

24%

54.0%

54.7%

29.5%

32.6%

$31,299
$42,000
$100,000
$47,000
$45,000

$25,900
$34,420
$50,000
$40,000
$27,000

21%
22%
100%
18%
67%

$1,200
$1,210
$2,620
$1,290
$1,105

$945
$1,005
$1,111
$1,100
$980

27%
20%
136%
17%
13%

62.2%
54.5%
49.6%
52.2%
49.0%

60.5%
53.3%
46.7%
52.4%
47.0%

38.0%
29.2%
24.9%
28.0%
28.0%

38.7%
30.2%
26.7%
30.5%
25.6%

$50,000

$36,000

39%

$1,350

$1,030

31%

53.2%

52.7%

28.7%

31.0%

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