![]() Evidence that the gentrification has substantially impacted the poor and other vulnerable populations is visible in the Dallas Fed chart below. Not surprisingly, these categories represented the lowest increases in average home values. The charts also illustrate that the greatest increases in housing units for Austin were at 10-20 miles and greater than 20 miles. In the tables below, it’s obvious that the low 20% increase in housing units in central Austin fueled the 100% increase in average cost of housing. While the central city income and education level increased in Austin and the other three cities, changes in the number of housing units and average home prices in those cities increased as well. The two graphs below show the change in college grads and income by distance from the city center for Texas’ four largest cities. Gentrification generates increased housing costs that change the income mix of central city residents. Su, gentrification leads to improved neighborhood amenities, such as restaurants and shops. An article written by Yichen Su for the Federal Reserve Bank of Dallas described Texas gentrification as an influx of affluent, college-educated residents in the central city area of the state’s four largest cities, namely Austin, Dallas, Houston, and San Antonio.Īccording to Mr. The comments prompted me to research gentrification in Austin. The post triggered many responses, ranging from complaints about specific builders to rising property taxes because of newer infill houses and high demand for these new homes from people moving to Austin. This news was notable because the neighborhood was built in the 1940s, and there are very few vacant lots. This forum is frequently used to notify or ask members about lost pets, recommendations for tradesmen (carpenters, electricians, and plumbers), coyote sightings, petty thefts, and other items of interest to homeowners.Ī recent post on the listserv noted that there had been six new building permits in our neighborhood, posted by the city in just a single day. Signing up for the association provided me with a link to its listserv, an email forum. My reason for joining the HOA was to meet new neighbors and stay current with local events, ranging from zoning issues and parking restrictions to neighborhood art walks and new building permits. Our neighborhood group is not a homeowners’ association (HOA) with governance over architectural design or modifications, and it is not mandatory to join it. Shortly after moving to Austin, I joined the local neighborhood association.
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