Search
 

L.A. Submarkets Worst in US for Gentrification

Los Angeles has two zip codes on a list of the 20 US submarkets most impacted by gentrification, including the number one spot.

Los Angeles Los Angeles

Los Angeles submarkets are among the most impacted by extreme gentrification in the country, according to new research from Yardi’s Rent Café. The research company surveyed 11,000 zip codes across the US, finding that Los Angeles’ 90014 has been most affected by gentrification trends. The Downtown submarket has seen a 707% increase in property values and a 95% increase in average household income; however, a majority of residents in the submarket live below the poverty line. The neighboring 90013 also made the list as the 12th most impacted zip code with a 133% increase in property values and a 77% increase in household income. Like 90014, the submarket also has a median household income that falls below the poverty line. The list of 20 zip codes included only three West Coast markets, two of which are in Los Angeles. We sat down with Balazs Szekely with Yardi Rent Café for an exclusive interview about the gentrification in Los Angeles and how it is impacting the market.

GlobeSt.com: What does it say about Los Angeles that the city has two cases of extreme gentrification on your list, and two of the three West Coast zip codes?

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Kelsi Maree Borland

Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

More from this author

Recommended Stories

GlobeSt. Multifamily Spring 2025Event

Join the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.