Gentrification Case Study

158 Words1 Pages
The Philadelphia Coalition for Affordable Communities defines Gentrification as “The transformation of low-income and working class neighborhoods, driving up housing and other real estate prices and causing the displacement of long-term residents, businesses, and institutions.” The house in Logan, Ogontz, and Fern Rock very inviting to renters and new homeowners, within the community and outwards.The Logan, Ogontz, and Fern Rock community have the lowest rent asking prices, which are 9% lower than the national average.The Logan, Ogontz, and Fern Rock community have the lowest home prices, which are 50% lower than the national average.The gentrified communities of North and South Philadelphia have seen the heights stream of housing prices