Gentrification and the racialized geography of home equity

This article presents an exploration of how gentrification is restructuring racial disparity in home equity building across several U.S. metropolitan areas. I reveal some ways in which gentrification is affecting the relative wealth levels of Black and Latino homeowners, a historically marginalized segment of the housing market. The most common trajectory involves a rel-atively high concentration of Black and Latino homeowners at the onset of gentrification, increased median levels of home equity for these homeowners as gentrification proceeds, and a relatively high attrition to other parts of the metropolitan area over time. The results suggest that although Black and Latino homeowners can reap financial benefit from gentrification, gentrifica-tion encourages net migration toward other parts of the metropolitan area where home equity gains are lower