Home value segregation

Date and country of first publication

2016
United States

Definition

Home value segregation, also known as residential segregation by home value or housing price segregation, refers to the spatial separation of different income groups based on the monetary value of their homes or housing prices. It is a form of residential segregation that occurs when households of similar economic statuses cluster together in specific areas or neighborhoods.

Home value segregation can be influenced by a range of factors, including housing market dynamics, socioeconomic inequalities, racial and ethnic disparities, and government policies. Higher-income households tend to concentrate in neighborhoods with more expensive homes, while lower-income households are often confined to areas with lower-value housing.

The consequences of home value segregation can be significant and impact various aspects of individuals' lives. Higher-value neighborhoods typically offer better access to quality schools, healthcare facilities, recreational amenities, and job opportunities. Therefore, residents in these areas may enjoy enhanced living conditions and higher chances of social and economic mobility. Conversely, residents in lower-value neighborhoods may face limited access to resources and face higher levels of poverty, crime, and social challenges.

Home value segregation has been a topic of concern due to its potential reinforcement of existing socioeconomic inequalities and perpetuation of disparities in educational and economic outcomes. Efforts to address home value segregation often involve promoting affordable housing options in higher-value neighborhoods, providing resources and investment in lower-value neighborhoods, and implementing policies to reduce income inequality.

Overall, home value segregation is a complex issue that can have far-reaching impacts on individuals and communities. Addressing this form of segregation is crucial for creating more equitable and inclusive societies.

Notes

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Further reading

Golding S.A. (2016) "Gentrification and Segregated Wealth in Rural America: Home Value Sorting in Destination Counties", Population Research and Policy Review, 35(1), pp. 127-146. Springer Netherlands. DOI: 10.1007/s11113-015-9374-9