In this article, we will present the 5 most gentrified cities in the US. You can read our detailed discussion on the impact of gentrification and a more comprehensive list by visiting the 25 Most Gentrified Cities in the US.
5. New Orleans
Gentrifying Percentage: 20.3%
Among the largest cities in the U.S., New Orleans ranks as the fifth-most gentrified. Longtime residents are being pushed out of their neighborhoods as the city focuses on tourism and economic development. This has led to rapid transformations in neighborhoods, with homes being renovated and local residents displaced to the suburbs.
4. Miami
Gentrifying Percentage: 21.0%
Miami a coastal city in Florida, has experienced significant gentrification, driven in part by wealthy South American investors. The entertainment industry further fueled Miami’s transformation into a multicultural metropolis. However, the city’s real estate market faces two major challenges: the climate crisis and a growing population. As wealthier residents acquire more property throughout Miami, pressure on lower-income communities is increasing. Over half of Miami’s 2.6 million residents are expected to be impacted by “climate gentrification,” which poses a risk of displacement for many.
3. Boston
Gentrifying Percentage: 21.3%
Boston is the capital and among the most populated cities of Massachusetts. The city has a high rate of gentrification, ranking third in the United States. Between 2013 and 2017, over 21% of eligible neighborhoods in Boston underwent gentrification. Frontier gentrification is happening in East Boston, where developers are building condos and trying to push out low-income communities into the adjacent areas.
2. Denver
Gentrifying Percentage: 27.5%
Denver, the most populous city in Colorado with 715,522 residents as of the 2020 census, has seen significant demographic shifts in recent years. Traditionally Black and Latino neighborhoods have experienced gentrification as the city has grown both economically and in population. This trend is particularly evident in Northeast Denver neighborhoods like Mayfair, Montclair, and East Colfax, which are now undergoing “advanced” gentrification.
1. San Francisco
Gentrifying Percentage: 31.3%
San Francisco, North California’s commercial, cultural, and financial hub, has experienced the most intense gentrification in the United States since 2013. Although gentrification in San Francisco began in the late 1970s, it has intensified in recent years, leading to a rise in eviction notices citywide. Furthermore, the tech boom has attracted higher-income residents, driving up rents and displacing existing residents. Developers are drawn to areas with rising property values, making San Francisco an attractive market for new construction.
To learn about other cities, you can check out our detailed report 25 Most Gentrified Cities in the US. At Insider Monkey, we delve into a variety of topics, ranging from the most gentrified cities in the US. however, our expertise lies in identifying the top-performing stocks. Currently, Artificial Intelligence (AI) technology stands out as one of the most promising fields. If you are looking for an AI stock that is more promising than NVDA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
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