A study has identified 15 neighborhoods in New York City that can be categorized as gentrifying, DNAinfo reports. The study was published by the NYU Furman Center as part of its State of New York City’s Housing & Neighborhoods – 2015 Report (PDF). It qualifies gentrifying neighborhoods as those that were relatively low-income in the 1990s, but have seen a dramatic increase in median rent in the last 20 years.
Of the 55 neighborhoods, the study analyzed, 15 were categorized as gentrifying, seven as non-gentrifying, and the rest as high-income. What does that mean? Non-gentrifying neighborhoods were those neighborhoods that were low-income in the 1990s and haven’t seen a dramatic change in the last 20 years, and high-income neighborhoods are those that were already in the top 60 percent of the income bracket back in the 1990s.