Los Angeles’ ZIP code 90014 is gentrifying at the fastest rate in the nation, according to a new analysis by RentCafe. The LA ZIP code has seen a lot of change over the past 16 years: home values increasing 707 percent; household incomes rising 85 percent; and the number of residents with higher education growing by 857 percent.
To identify the fastest-gentrifying ZIP codes, RentCafe researchers looked at 2000 U.S. Census Bureau data and 2016 American Community Survey findings to see the changes that took place over a decade and a half in 11,000 U.S. ZIP codes. They averaged three main factors in their rankings: median home values, median household incomes, and the population that holds a bachelor’s degree or higher.
According to RentCafe’s research, the following are the 10 fastest-gentrifying ZIP codes in the nation between 2000 and 2016:
- 90014: Los Angeles
- 20001: Washington, D.C.
- 77003: Houston
- 19123: Philadelphia
- 10039: Manhattan
- 76102: Fort Worth, Texas
- 11211: Brooklyn, N.Y.
- 19146: Philadelphia
- 11222: Brooklyn, N.Y.
- 11216: Brooklyn, N.Y.
View the full list
at RentCafe.
Source: “Downtown LA’s 90014 Heads the List of Fastest-Gentrifying ZIPs Since the Turn of the Millennium,” RentCafe blog (Feb. 13, 2018)
