NYCEDC
December 2011 Economic Snapshot: Second Homes in NYC
Exactly how large is New York City’s secondary housing market? NYCEDC’s Research & Analysis crunched the numbers, and here are some of their findings:
- According to the latest Decennial Census, only 1.2% of all housing units in New York City can be classified as secondary homes. The data, however, reveals significant variation at the borough and census tract level.
- Most secondary homes are located in Manhattan, where they account for more than 3% of all housing units. The share of secondary homes outside Manhattan is considerable lower, ranging from 0.2% in the Bronx to 0.7% percent in Queens.
- These figures compare to the median across all counties in the nation of 2.8%.
To hear more about these pieds-à-terre and how they impact the City, tune in to our podcast above and read the full snapshot.
Reblogged from NYCEDC
Email
Twitter
Subscribe via RSS
Follow on Tumblr
Mobile version
Random post