October 31, 2011 | 8:00 AM | By

Digging into the Effects of D.C.’s Rising Housing Values

Housing values in the District are continuing to rise. As redevelopment spreads throughout the city, American Observer‘s Paul Abowd ponders who can afford to stay in D.C.


In the District, white households raked in a median income of $99,220, while black households made $37,430 and income amongst Hispanics hovered right above the city’s $60,798 median.

In “changing neighborhoods,” marked by rapid development and rising prices, the task of preserving affordable housing looms large.

“The question is how do you develop in a way that allows low-income communities to stay in place,” said Derek Hyra, the author of a forthcoming book on gentrification in D.C.’s Shaw neighborhood. “Redevelopment has sought to move poverty out of the city.”

Read more at: wp11.americanobserver.net