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Gentrification and the Racialized Geography of Home Equity

University of Washington

^* To whom correspondence should be addressed. E-mail: glick{at}u.washington.edu.

	Abstract

This article presents an exploration of how gentrification is restructuring racial disparity in home equity building across several U.S. metropolitan areas. I reveal some ways in which gentrification is affecting the relative wealth levels of Black and Latino homeowners, a historically marginalized segment of the housing market. The most common trajectory involves a relatively high concentration of Black and Latino homeowners at the onset of gentrification, increased median levels of home equity for these homeowners as gentrification proceeds, and a relatively high attrition to other parts of the metropolitan area over time. The results suggest that although Black and Latino homeowners can reap financial benefit from gentrification, gentrification encourages net migration toward other parts of the metropolitan area where home equity gains are lower.

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