Skip to main content

The Most Gentrified Metro Market Is …

Feb 28, 2018

The impact of gentrification is most pronounced in coastal and Texas metro areas, according to a new study released by RentCafé.
 
The Downtown Los Angeles neighborhood with the 90014 ZIP Code recorded the most dramatic data shifts since 2000, with a 707 percent increase in home values, a 95 percent spike in household incomes and an astonishing 857 percent increase in residents with bachelor's degrees. Second place went to the Washington, D.C., neighborhood in the 20001 ZIP Code, with a 207 percent rise in home values, a 163 percent upswing in household income and a 212 percent increase in residents with bachelor's degrees.
 
However, the remainder of the top 10 metro areas experiencing extraordinary gentrification changes fell into limited geographical patterns: two markets were in Texas (third place Houston and sixth place Fort Worth), two were in Philadelphia (in fourth and eighth place) and the rest were divided between New York City’s pricey neighborhoods in Manhattan and Brooklyn.
 
And not everyone is sharing the good fortune of the gentrified neighborhoods. Despite being ranked first, the study acknowledged the majority of residents in the 90014 community lived under the poverty line with a 2016 median household income of $24,670.

 
About the author
Published
Feb 28, 2018
FHA To Lay Off 40% Of Workforce

Mass terminations across the federal government expected to hit federal mortgage insurer

Feb 18, 2025
Mass Firings At CFPB Imminent, Filing Says

Unions representing CFPB employees said 95% of the Bureau's workforce could be cut by the weekend

Feb 14, 2025
Realty Fees On The Rebound

Real estate commissions are trending back up, post-NAR settlement.

Feb 13, 2025
Wire Fraud Losses Are Mounting

First-time homebuyers are especially at risk for wire fraud, report finds.

Feb 13, 2025
HUD Secretary Halts Equal Access Rule Enforcement

HUD to be transformed 'in His own image'

Feb 10, 2025
Rocket's All-American Return To The Super Bowl

The company spends millions to remind Americans of "the meaning of home."

Feb 10, 2025