NYC Housing Market Brings Demographic Changes

The NYC housing market is ever-changing and the demographic changes by neighborhood are certainly no different. Between 2000 and 2010 there has been a lot of movement within the boroughs - as certain demographics (categorized by race, age and income) have shrunk in some areas and grown in others.

According to the Citizens Housing & Panel Council, 5 major trends can be highlighted:

1. In 2010, the largest population cluster (1 million residents) includes low-income families and singles, majority-Hispanic. 
2. The black middle class declined by 18%, with an overall 5% decline of the city's overall black population.
3. Majority-white upper-middle class areas have become whiter. 
4. Traditionally diverse areas are becoming increasingly occupied by high-income white, mostly single, households. 
5. Asian populations have expanded into areas preciously dominated by white populations. 

Learn more about these housing market changes here »

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