A new study profiled by How Housing Matters produced the following key findings:
- Gentrification had no effect on homeowners moving.
- While some evidence suggests that rising property taxes displace homeowners, the study shows no differences between the likelihood of owners making unwanted moves because of property taxes between gentrifying and nongentrifying areas.
- Displacement rates of homeowners in gentrifying areas are also unaffected by state laws that limit property tax increases.
- A renter in a gentrifying neighborhood is more likely to report a move and that the move was involuntary by 2.6 percentage points.
- Homeowners may be less likely to move because they tend to have lived in the community longer, are older, and view their home an economic asset.