Diverse neighborhoods had higher population growth and stronger property value growth last year – and they’re a bit pricier to begin with.
Americans are moving toward diverse neighborhoods. However, growth in those neighborhoods could affect their diversity: if prices in diverse neighborhoods rise, lower-income residents may get priced out over time. Because the two largest minority racial/ethnic groups – blacks and Hispanics – have lower incomes, on average, than whites, rising prices could reduce diversity in those markets. When the next Census rolls around in 2020, the list of most-diverse neighborhoods in the U.S. could look very different.