Property value segregation

Date and country of first publication^[1]

2007
United States

Definition

Property value segregation refers to the practice of valuing or assessing residential or commercial properties differently based on certain characteristics such as race, ethnicity, or income level. This can result in the systematic devaluation of properties in certain neighborhoods or communities, leading to unequal access to resources and opportunities for residents.

Historically, property value segregation has been driven by discriminatory practices such as redlining, which involved drawing maps to identify neighborhoods considered to be high risk for lending purposes based on the racial or ethnic composition of the residents. This led to limited access to credit and investment, resulting in a decline in property values and a lack of resources for these communities.

Property value segregation can perpetuate cycles of poverty and inequality, as it affects the ability of residents in undervalued neighborhoods to build wealth through home ownership or attract businesses and investment. It can also contribute to disparities in educational opportunities, access to quality healthcare, and public services.

Efforts to address property value segregation include initiatives to promote fair housing practices, enforce anti-discrimination laws, and create incentives or programs to invest in disadvantaged communities. Additionally, improving access to quality education, affordable housing, and community resources can help mitigate the effects of property value segregation and promote more equitable development.

References

Notes

↑ Date and country of first publication as informed by the Scopus database (December 2023).

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