Definition of "Gentrification"

Nicole Canavan
Nicole Canavan Birkshire Hathaway HomeServices Verani Realty

The rehabilitation and redevelopment of low-income housing into higher income housing resulting in the displacement of the low-income residents. Gentrification primarily occurs in neighborhoods close to larger urban centers because of their proximity to the central business district and urban services.

Search Real Estate Glossary

Related Real Estate Glossary terms

Related Real Estate FAQ