Valley Stream

HOUSING DATA PROFILE 2014
VALLEY STREAM
VILLAGE
Regional Plan Association, in consultation with Long Island Affordable and Fair Housing Task Force, created housing data profiles for
Long Island’s towns, cities and villages with support from Citi Community Development and the Long Island Community Foundation.
Each profile depicts information on housing supply, type, price and demographic information in graphic form. It is hoped that these
profiles will be used to guide important discussions and decisions as communities across Long Island address current and future
housing needs.
The housing profiles include data from the 2013 American Community Survey, population projections from the Cornell Program on
Applied Demographics, foreclosure data from Long Island Real Estate, and for comparisons across time the 2000 Census. The data is
intended to provide a factual base for assessing a range of challenges that have been identified by researchers, the media, business
leaders, housing advocates, public officials, civic organizations and community members. These include a shortage of affordable
rental housing, an exodus of young adults, difficulties in attracting a talented workforce and the companies who hire them, and the
needs of a growing elderly population.
37,544 Population
11,373 Households
77% of units are owner occupied
19% of units are renter occupied
4% of units are vacant
$377,700 is the median home value
35%
of owners pay greater than
30% of their household income
towards housing
$1,478 is the median gross rent
52%
of renters pay greater than
30% of their household income
towards rent
$85,472 is the median household income
1
HOUSING DATA PROFILE 2014
VALLEY STREAM
VILLAGE
HOUSING INVENTORY
Housing Supply
source: 2009-13 American Community Survey
The following metrics depict the types of housing that the
community has to offer—the number of single-family and
multifamily homes, the age of the housing stock, the number
of people who own their own homes and those who rent. It
shows the number of homes receiving some form of federal
subsidy, and what type of housing is being built throughout
the county. Together, these describe the range of housing
choices available to residents in the community.
2,583 / 22%
99,409 / 21%
9,315 / 78%
367,727 / 79%
Valley Stream
Nassau County
Single Family
Multifamily
Housing Tenure
Federally Subsidized Housing
source: 2009-13 American Community Survey
source: HUD Picture of Subsidized Housing, 2013
525 / 4%
2,260 / 19%
25,286 / 5%
86,040 / 18%
9,113 / 77%
355,915 / 76%
Studio
One
Two
Public Housing
Section 8 Housing Voucher Choice Program
Moderate Rehab
Section 8 New Construction/Substantial Rehabilitation
Section 236
Other Multi-Family
Total units available through HUD programs
Vacant
Renter Occupied
Owner Occupied
Valley Stream
Nassau County
Age of Housing Stock
Housing Permits
source: 2009-13 American Community Survey
source: Census, Building Permits Survey 2000-2013
Housing Permits in Nassau County
Built 2010 or later 0 / 0%
Built 2000 to 2009
84 / 1%
Built 1990 to 1999
92 / 1%
Built 1980 to 1989
422 / 4%
Built 1970 to 1979
378 / 3%
Built 1960 to 1969
Built 1950 to 1959
Built 1940 to 1949
Built 1939 or earlier
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
1,159 / 10%
3,328 / 28%
2,880 / 24%
3,555 / 30%
Five or more units
Three and Four Unit
Two Unit
Single Family
0 500 1000 1500 2000250030003500400045005000
2
Three
Four
Five+
0
108
0
192
0
0
300
HOUSING DATA PROFILE 2014
VALLEY STREAM
VILLAGE
OWNER OCCUPIED
HOUSING
RENTER OCCUPIED
HOUSING
Owner occupied housing comes in several types—singlefamily homes, townhouses, cooperatives and condominiums.
Change in home value and foreclosure activity are vital
measures of a housing market that has seen huge fluctuation
over the last decade, and median home value indicates how
affordable the average owner-occupied home is compared to
others on Long Island.
Rental homes can be single-family houses and apartments
in any size building. Housing wage looks at the amount of
money a person working a full-time job would have to make
in order to afford rental housing (in this case a one or two
bedroom unit) without having to pay more than 30% of their
income. The other charts describe the amount of money being
made and the amount of money being spent on housing for
the typical renter, and the share of renters paying different
levels of rent.
Changing Home Values
Housing Wage
source: 2009-13 American Community Survey, 2000 Census 1
note: values are not inflation adjusted
source: National Low Income Housing Coalition, 2013
0-$99,999
$100,000-$199,999
191
91
131
$200,000-$299,999
$300,000-$399,999
$400,000 to $499,999
4,435
785
$500,000 to $749,999
35
$750,000 to $999,999 074
$1,000,000 or more 065
per hour
per year
per hour
per year
4,060
4,437
305
88
$24.71
$49,423
$30.44
$60,885
Housing wage for a one bedroom
apartment in Nassau County:
Housing wage for a two bedroom
apartment in Nassau County:
Renter Households
2,590
source: 2009-13 American Community Survey
840
Renter median income
Median income of all households
Median gross rent
Median gross rent as propotion of renter median income
2013
2000
$52,026
$85,472
$1,478
34%
1. 2000 Census data used for comparisons over time
Foreclosure Activity
Rental Units by Gross Rent
source: LI Real Estate
source: 2009-13 American Community Survey
4,000
3,500
3,000
2,500
2,000
1,500
1,000
500
0
Nassau County
Studio
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 (part)
2007
2008
2009
2010
2011
2012
One
Median Home Value
2000
49
$1000+
$750 - $999
485
Two
source: 2009-13 American Community Survey, 2000 Census 1
Valley Stream
$377,700 in 2013
$202,600 in 2000
1000
$500 - $749
1,085
$300 - $499
$200 - $299
Nassau County
$454,500 in 2013
$240,200 in 2000
Three+
1. 2000 Census data used for comparisons over time
3
585
0-$199
HOUSING DATA PROFILE 2014
VALLEY STREAM
VILLAGE
DEMOGRAPHICS
Population + Households
These metrics provide a deeper look into the makeup of
the community. The living situations, the financial and racial
diversity, and the age of the population owning or renting
homes in the community are all illustrated here. In comparing
housing costs to household income, it shows how many
owners and renters pay over 30% of their income for housing.
This metric illustrates the housing cost burden that is felt by
households on Long Island and also generally highlights how
housing cost burden further contributes to income inequality:
in most cases lower income households are more likely to
be paying greater than 30% of their income towards housing
costs.
Population
Households
Average household size
Proportion of residents that live in families
Average family size
Proportion of residents that live alone
Proportion of households
with someone under 18 in 2013
with someone under 18 in 2000
with someone over 65 in 2013
with someone over 65 in 2000
Area Median Household Income
Housing Costs and Household Income
source: 2014 HUD HOME Income Limits for 4 person household
37,544
11,373
3.3
91.8%
3.8
7.1%
39.5%
37.2%
31.2%
34.6%
source: 2009-13 American Community Survey
$126,100
$105,100
$84,100
$52,550
$31,550
120% AMI
100% AMI
80% AMI
50% AMI
30% AMI
Income Limits for Nassau and
Suffolk Counties
source: 2009-13 American Community Survey
Number of Households
0
1000
2000
3000
4000
5000
0-$34,999
$35,000-$49,999
$50,000-$74,999
Race + Ethnicity
$75,000-$99,999
100000+
source: 2009-13 American Community Survey
37.9%
17.4%
13.6%
28.4%
0.0%
Percent White, non Hispanic
Percent Black, non Hispanic
Percent Asian, non Hispanic
Percent Hispanic
Percent American Indian
Renters paying less than 30% of income
Renters paying greater than 30% of income
Owners paying less than 30% of income
Owners paying greater than 30% of income
Age of Heads of Household
Population Projections
source: 2009-13 American Community Survey
source: Cornell Program on Applied Demographics, 2011
25 to 44 years:
45 to 64 years:
65 years and over:
10,
00
0
20
,00
0
30
,00
0
40
,00
0
50
,00
0
60
,00
0
70
,00
0
0
,00
70
Men
,00
0
50
,00
0
40
,00
0
30
,00
0
20
,00
0
10,
00
0
Women
83 / 1%
3,140 / 1%
60
under 25 years:
0-4
5-9
10-14
15-19
20-24
25-29
30-34
35-39
40-44
45-49
50-54
55-59
60-64
65-69
70-74
75-79
80-84
85+
3,508 / 31%
116,948 / 26%
5,119 / 45%
202,824 / 46%
2,663 / 23%
119,043 / 27%
Valley Stream
Nassau County
4
2010
2040