In this video, we explore the most gentrified neighborhoods in Austin. Some of these before and after photos via Google street view are astonishing.
Gentrification occurs when there is a substantial gap between the current value of a place, and its potential value. More capital is invested into the neighborhood and the type of people who live there change over time.
A positive aspect of gentrification is that neighborhoods become much more dense with improved infrastructure like bike lanes and public parks. Who doesn’t love a walkable place?
A negative aspect of gentrification is the potential displacement of current residents due to rising property taxes. Where is all the affordable housing?
Many neighborhoods in Austin have been gentrified due to
Availability of housing stock: Austin's older neighborhoods often feature historic homes and buildings that have been renovated or restored. These properties can be attractive to buyers looking for unique, character-filled homes
Economic growth: Austin has seen significant economic growth in recent years, driven by the tech industry and other sectors. As the city's economy has grown, so too has demand for housing, leading to rising prices
Displacement from other areas: Gentrification in other cities, such as San Francisco and New York, has pushed some residents to seek more affordable housing in Austin
The median home value in Austin has grown from $220k in 2013 to $540k in 2023
Are you for or against gentrification?
5 Most gentrified neighborhoods in Austin
Downtown Austin
West Campus
East Austin
East Cesar Chavez
Travis Heights
Image Credit
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Music Credit
Music: Light
Musician: Jeff Kaale
