Special Report

Cities Where Neighborhoods Are Gentrifying the Fastest

While in recent years cities across the United States have experienced an influx of young, wealthy, educated professionals, not all residents are benefitting from the rapid growth and development.

Since the 1960s, gentrification has been a controversial and hotly debated topic in urban planning. While there are a number of existing models of gentrification among sociologists and urban researchers, the process generally occurs when a large number of wealthy, educated residents relocates to an economically disadvantaged area. The influx of wealth often leads to an increase in rent and property value, subsequently pricing out many of the area’s long-time residents. 

This process often reinforces the cycle of poverty for a city’s poorest residents, leading to highly concentrated areas of poverty. Here is a state-by-state look at the cities hit hardest by extreme poverty.

To determine the cities where neighborhoods are gentrifying the fastest, 24/7 Wall St. reviewed the change in home value and bachelor’s degree attainment in neighborhoods, using census-tract-level data from the U.S. Census Bureau. We identified metro areas with the largest shares of residents living in gentrified neighborhoods — middle- to low-income neighborhoods that have had above-average increases in home value and college attainment since 2000.

Displacement caused by gentrification can also contribute to racial segregation. Indeed, some of the cities on this list are also among the most heavily segregated. These are the 25 most segregated cities in America.

Click here to see the full list of cities where neighborhoods are gentrifying the fastest
Click here to see our detailed findings and methodology

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