This section establishes Baldwin’s economic conditions, including its population growth patterns, real estate trends, and employment composition. The purpose of this section is to compile and analyze quantitative data that will be later used to identify market trends, especially with regard to the viability of future real estate development. The data will also be used to identify the overall economic welfare of the existing community and reveal any indications of socio-economic distress. Several market studies applicable to Baldwin were also reviewed to provide context for the analysis and conclusions. Proposals for revitalizing Baldwin and generating long-term strategies for economic resiliency will be driven by the data presented in this section. Included within this section is a description of the methodological approach taken to data gathering; a record of existing conditions; and a summary of key findings.
On the Existing Housing Stock
"Nearly 85% of the housing stock in the Secondary Study Area is comprised of single-family homes. Two-unit homes and duplexes make up (7%) of the housing stock, and large and small apartment buildings comprise the final 8.3%. The proportion of single-family units in Baldwin is slightly larger than that of the Town of Hempstead (76.7%) and Nassau County (75.6%), and significantly larger than Freeport (57.8%) and Rockville Centre (57.5%). In the latter two localities, this number is offset by a significant proportion of large apartment buildings making up nearly one-third of each locality’s housing stock.
The Baldwin Secondary Study Area has only 1.4% of its owner-occupied housing stock and 29.7% of its rental inventory dedicated to zero or one-bedroom units. The other 98.6% of the owner-occupied housing stock and 70.3% of the rental inventory in the Baldwin Secondary Study area are dedicated to larger units. In comparison, the villages of Freeport and Rockville Centre have a significantly larger proportion of zero or one-bedroom units. Freeport and Rockville Centre have roughly three times the proportion of owner-occupied zero and one-bedroom units as the County and over six times that of Baldwin’s Secondary Study Area. Baldwin’s rental inventory of zero and one-bedroom units is proportionally 15% lower than that of the Town and the County and 60% lower than that of Freeport and Rockville Centre. "
"The U.S. Census Bureau’s Longitudinal Employer-Household Dynamics – Origin Destination Employment Statistics indicate that the labor force for the Secondary Study Area was 15,647 in 2014. This is nearly half of the study area’s total population. Of this resident labor force, 14,841 persons live within the Secondary Study Area, but are employed elsewhere. Only 806 working residents hold primary jobs located within the Secondary Study Area. Additionally, 4,328 persons that do not reside within the hamlets of Baldwin or Baldwin Harbor commute into the area for work, a trend explored further in the following subsection on jobs."