Home » City Guide » Bay Area Updates

San Francisco is Now the Most Gentrified City in the U.S.

Most recent data (as of 2017) show SF, Oakland, San Jose and Sacramento all in top 10 most gentrified cities
By - posted 7/6/2020 No Comment

Thanks to USA Today for letting us know that in a recent survey, San Francisco-Oakland was named the most intensely gentrified city in the U.S.

According to the most up-to-date study from 2020 by the National Community Reinvestment Coalition that San Francisco was the most intensely gentrified city in America from 2013 to 2017, followed by Denver, Boston, Miami and New Orleans. They had the largest share of their vulnerable neighborhoods that gentrified during that time period.

In the previous study dating back to 2013, San Francisco was 12th with Washington D.C. was first.

While gentrification increases the value of properties in areas that suffered from prolonged disinvestment,it also results in rising rents, home and property values. As these rising costs reduce the supply of affordable housing, existing residents, who are often black or Hispanic, are displaced. This prevents them from benefiting from the economic growth and greater availability of services that come with increased investment.

Highlights of the Study

  • COVID-19 struck a nation that was already mostly struggling.
  • Gentrification and displacement was highly concentrated
  • Most low-income neighborhoods continued to deal with a chronic lack of investment
  • In “Opportunity Zones,” economic inequality was higher, home values and incomes lower and fewer families owned their homes than in any other part of the city
  • Gentrification remains a significant threat to minority and Low/Moderate income families.

Categories: Uncategorized

Facebook comments: