Brooklyn Tops in U.S. for Gentrification Since 2000

Brooklyn includes some of the places that have gentrified the most in the U.S. since 2000, according to new research from Yardi’s RENTCafé.

To measure this, Yardi looked for zip codes that had changed the most between 2000 and 2016 in terms of the median home value, the median household income and the share of residents that hold a bachelor’s or higher degree.

Five of the 20 zip codes in the U.S. that had changed the most in those ways are in Brooklyn. Median home prices more than doubled in all of these neighborhoods:

– 11211, in the Williamsburg and Greenpoint neighborhoods

– 11222, in the Greenpoint neighborhoods

– 11216, in the Bedford Stuyvesant and Crown Heights neighborhoods

– 11237, in the Williamsburg and Bushwick neighborhoods

– 11221, in the Bedford-Stuyvesant and Bushwick neighborhoods

In comparison, only two zip codes in Manhattan made the top 20 — both in Harlem. That’s probably because much of Manhattan was already very expensive by 2000.

City officials are responding to change by encouraging new housing development, and enforcing rent stabilization and tenant protection laws.

For comments, questions or concerns, please contact our New York commercial real estate editor Bendix Anderson