The Furman Center at New York University is out with its annual report on the State of the City’s Housing & Neighborhoods. Here’s a look at the Lower East Side section of the informative survey.
We’re zeroing in on Community District 3, which including the LES, as well as the East Village and most of Chinatown. The most recent number crunching (analyzing data from the year 2011) offered a glimpse of the punishing effects from the sharp economic downturn. Some highlights:
- The population of Community District 3 was 165,774 — up close to 7,000 residents over the previous year.
- The median household income was $39,932. That’s more than $10,000 less than the Manhattan median income and down from around $43,000 in the previous report. The LES, in keeping with its recent history, has one of the highest “income diversity” scores of any neighborhood.
- 21% of the rental apartments were in public housing developments.
- 9% of rental units were in subsidized housing.
- 48% of the rental housing was rent regulated (unchanged from the previous report).
- Almost 60% of the housing was in a hurricane evacuation zone.
- The home ownership rate was just over 10%.
- The median monthly rent was $895, down from $946 the previous year.
- The poverty rate was 28%, up from 22% the previous year.
See below for the full Community District 3 report: