Mar 6, 201807:39 PMBlog
Tacoma among fastest gentrifying cities
According to a recent RentCafe survey, one of Tacoma’s zip codes is among the fastest gentrifying areas in America.
The survey compared data from the 2000 Census and data from the 2016 American Community Survey. Three main data points factored into the survey: median home value, median household income, and the number of community members with college and graduate degrees.
Zip code 98402 in Tacoma rounded out the bottom of the list at 20.
RentCafe states that home values in the South Sound community have gone up 103 percent in the last 15 years or so. Household incomes have increased 83 percent, and the population of people with college degrees has increased 141 percent.
First on RentCafe’s list is the zip code 90014 in Los Angeles, an area where home values have gone up over 700 percent. Other rapidly gentrifying cities include Houston, Brooklyn, St. Louis, Baltimore, and Washington, D.C.