Baltimore is among seven U.S. cities that accounted for nearly half the country’s gentrification between 2000 and 2013, according to a new study.
Researchers with the National Community Reinvestment Coalition, a Washington-based nonprofit, examined census data for 935 metropolitan areas in the U.S. They found gentrification — investment that led to rising home prices, incomes and education levels of residents — was most intense in large coastal cities, and it was concentrated in larger cities with vibrant economies. Researchers also looked at any corresponding displacement of black and Hispanic residents.
Neighborhoods were considered eligible for gentrification if in 2000 they were in the lower 40 percent of home values and family incomes for the area. Census tracts in Baltimore, New York, Los Angeles, Washington, D.C., Philadelphia, San Diego and Chicago accounted for nearly half the country’s gentrification from 2000 to 2013, according to the report. Of the 1,049 census tracts across the country that experienced gentrification during that time period, 501 fell in those cities, according to researchers.
Researchers estimated racial displacement affected at least 135,000 black or Hispanic residents between 2000 and 2013.
Click here to read the rest of the article written by Sarah Meehan over at the Baltimore Sun