For a few years now, Charleston, South Carolina has been under attack – and a gentrification bomb is the weapon of choice. While gentrification is nothing new and is/has happened all over the United States, some cities have been impacted more than others. Here are 5 things to know about the ‘gentrification bomb’ that was dropped on Black Charleston, South Carolina.
Named the “fastest-gentrifying” city in 2017
Known for its immense history, Charleston claimed the top spot for the “fastest-gentrifying” city in the U.S. in 2017.
According to a report by Realtor.com, Charleston’s neighborhoods which were once home to predominately working-class Black residents, had become “increasingly middle-class and white.”
The analysis looked at home prices and census data to determine which cities were among the most quickly gentrified, according to Curbed.
“We looked at cities whose population was 50,000 or more between 2000 and 2015. Then we took a look at the U.S. Census Tracts—that’s data-speak for neighborhoods of 1,200 to 8,000 people. We focused on lower-income areas with home values that had the potential for Click here to read entire article