noun
- the process by which a neighborhood or district becomes more affluent and attracts wealthier residents, often resulting in rising property values and the displacement of lower-income residents
Usage: typically used in urban studies and sociology; often carries a critical connotation regarding social and economic change
Examples
- Gentrification has transformed the downtown area, bringing new restaurants and shops but also displacing longtime residents.
- The city's gentrification efforts have raised property taxes significantly in the historic district.
- Community leaders worry that rapid gentrification will erase the neighborhood's cultural identity.
- Young professionals moving into the area have accelerated gentrification and increased housing costs.
- Gentrification can bring economic benefits but often comes at the cost of community stability.
- The neighborhood experienced gentrification after the new transit line opened.