New York City’s Most Rapidly Gentrifying Neighborhoods

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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 neGentrifying_NYighborhoods 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.