was in Portland, Ore., where 36 of the 62 neighborhoods ( 58 percent) with low median incomes and
home values gentrified. Next came Washington, D.C.
( 51. 9 percent), Minneapolis ( 50. 6 percent), Seattle ( 50
percent), Atlanta ( 46. 2 percent) and Virginia Beach
( 46. 2 percent).
Although racial makeup didn’t factor into determining whether a neighborhood gentrified, the share of
non-Hispanic white residents in neighborhoods that
gentrified increased 4. 3 percent. Neighborhoods with
lower incomes and home values that didn’t gentrify lost
small amounts of overall population while experiencing
gains in their minority populations. In addition, average
poverty rates increased almost 7 percent in neighborhoods that didn’t gentrify while falling slightly in those
No one faces a more stacked deck than middle-income
families seeking to buy a suitable home in the hottest
urban centers. A Governing magazine report covering
the nation’s 25 largest cities — “As Affordable Housing
Shrinks, Where Can Families Live?” — revealed a yawn-
ing affordability chasm for family-size housing in the
10 most expensive cities.
In cities like Boston and Seattle, just 17 percent of all
home listings on average had three bedrooms and were
affordable to families earning the area median income
based on spending no more than 30 percent of income
on housing and utilities. The outlook did brighten in
other cities covered by the report, where an average
of 63 percent of listings met the size and affordability
criteria. In Detroit and Ft. Worth, 80 percent or more
of homes fit the bill, however it should be noted that
Detroit and Ft. Worth are much larger in land area
than Boston and Seattle and have more room for a
variety of housing.
But what about families who aren’t quite making the
median income? The report found that a family earning
75 percent of the area median income could afford less
Courtesy of NYC & Company/Photo by Marley White
No one faces a more stacked deck than middle-income families
seeking to buy a suitable home in the hottest urban centers.
Courtesy of NYC & Company/Photo by Julienne Schaer