source: Getty Images
While gentrification is not always welcomed by city planners, it is sometimes recognized as an opportunity for real estate investment parties. Our urban research team predicted the possibility of gentrification at the census tract level based on recent scientific research. Turn on the "Gentrification possibility" option on our layer drop-down list. In each metropolitan area, you would be able to check the next gentrifying neighborhoods.
Predicting the next gentrifying neighborhoods is not an easy task. In particular, it requires us to have a deep understanding of the changes in residents, households, real estate prices, as well as neighborhoods. Based on scientific findings, we focus on the changes in several factors to address the possibility of gentrification. Using the factors below, we identify the areas where changes in residents and real estate properties are happening.
Sociodemographic factors: young population, educated population, non-family households, income
Real estate factors: rent, housing value
Proximity to opportunities: top-tier neighborhoods, transit systems, major employment centers, retail corridors
The map below shows an example of the potential of gentrification in the Houston metropolitan area. Darker colors indicate that there is a great possibility of gentrification in the near future. Zoom to the location where it shows the darkest color!
How can I use it?
The high possibility of gentrification does not always lead to an increase in real estate prices. The progress of gentrification also varies across space. Use our prediction result to see whether your insight is supported by data, to examine whether your place of interest has the possibility of gentrification, or even to explore a place to investigate furthermore. You could be conservative by only looking at the areas with the darkest red color.
Top 20 Gentrifying Cities
Check the top 20 gentrifying cities below. One interesting finding is that the four cities located in CA are showing the highest potential for gentrification. You should definitely explore those areas if you are curious about the next gentrifying regions!
New York-Newark-Jersey City, NY-NJ-PA
San Jose-Sunnyvale-Santa Clara, CA
San Francisco-Oakland-Berkeley, CA
Los Angeles-Long Beach-Anaheim, CA
San Diego-Chula Vista-Carlsbad, CA
Salt Lake City, UT
Las Vegas-Henderson-Paradise, NV
Champaign-Urbana, IL
Eugene-Springfield, OR
Miami-Fort Lauderdale-Pompano Beach, FL
El Paso, TX
New Orleans-Metairie, LA
Midland, TX
Chicago-Naperville-Elgin, IL-IN-WI
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
Washington-Arlington-Alexandria, DC-VA-MD-WV
Portland-Vancouver-Hillsboro, OR-WA
Albuquerque, NM
Bloomington, IN
South Bend-Mishawaka, IN-MI
Keep posted
The prediction result on gentrification will be updated annually with new Census data.
Q & A?
Jay Ha
Head of Urban Research
Doctoral student in Urban Planning at USC
Do you find our new feature interesting? Do you have any other components you wish to explore in our Market Stadium platform? Please feel free to reach out Jay (jay@marketstadium.com)
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Go to www.marketstadium.com and Hit "Try a Demo"
Send us an Email to dennis@marketstadium.com
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