
Gotham Gazette has an excellent look at the effects of "a housing bust" by Queens College demographer Andrew Beveridge. This map shows how much income goes towards mortgages; Beveridge notes:
The median income of those paying less than 30 percent of their income on housing is $120,900. For those paying between 30 and 50 percent of their income, though, the median is $74,390, and for those paying over 50 percent the median income is $39,900.Related: Home sales across the country keep going down.Not surprisingly, the areas with the highest proportion of income going for home ownership costs are in Queens (especially Jackson Heights, East Elmhurst and Corona), Brooklyn (notably Borough Park, Greenpoint/Williamsburg, Bushwick, East New York, Ridgewood, Cypress Hill, Highland Park and New Lots) or the Bronx (in particular Morris Heights, University Heights and Fordham.) Manhattan homeowners do not appear to be spending more than they can afford to anywhere the extent of those in the other boroughs.




What a confusing map!
People own property in the East River? Awesome.
"Manhattan homeowners do not appear to be spending more than they can afford to anywhere the extent of those in the other boroughs."
I don't think that these statistics are painting a full picture. The areas that are red/orange also have higher rates of owner-occupied housing than the green areas. In defining "homeowner," is Mr. Beveridge simply referring to whomever pays the mortgage, even if it is a landlord?
Also, I'm surprised that S.I. isn't more green.
People that own their homes tend to be at the upper end of the economic scale to begin with; in a city such as NY, where so many people rent, it is important to show the relationship of all housing costs (mortage OR rent) to income.
-dbc79
That map looks totally wrong. Is it supposed to represent NYC??
Maybe this NYC before the ice age.
Maybe this is New York City before the ice age. Pangea anyone?
Also, what is that little "island" in bright green adjacent to the key, in the area of Jersey City? Is that supposed to be Ellis Island?
-dbc79
#3 here. I didn't read the graphic closely enough--it says "owner occupied housing". My bad.
Still, I think that imbalances of owner-occupied housing in certain neighborhoods are enough to skew the map. Perhaps tracts where less than 50% of housing is owner-occupied should be left gray.
-dbc79
and isn't that island up by City Island in the Bronx unoccupied? I think its like a potter's field or something.
and isn't that island up by City Island in the Bronx unoccupied? I think its like a potter's field or something.
i literally cannot find myself on this map. i am trying. where does queens start?
The map looks strange because Beveridge is using Public Use Microdata Sample Area boundaries. PUMA boundaries are commonly used in census analysis but aren't as familiar with the public. The map looks weird because it doesn't distinguish uninhabited areas (mainly water bodies, parks, and cemeteries) from inhabited ones.
The segments are county subdivisions. In this unit of analysis Hart Island, the potter's field that #9 mentions, belongs in the same geographic segment as City Island, Pelham Bay Park, and Co-Op City. Likewise, Ellis and Governor's Islands are both part of that lower Manhattan unit.
There are actually houses on City Island, though not many. More like small bungalows...
Isn't Ridgewood in Queens...?
there's mortgage's being paid in the east river?
15: Yeah, that's me. I have a super-secret base complete with mad scientist submerged on the riverbed with direct subway access.
I had to re-fi and take some equity to re-tile the bathrooms.