Gentrification is a common and controversial topic, and always has been a big factor in shaping our community. Millennials, born between 1983 and 2000, are ever more flocking to the cities instead of heading to the suburbs. Searching for those city vibes and trendy lifestyles, Jacksonville’s young adults have begun populating Springfield, Brooklyn, Downtown and Riverside.
Americans in recent years have started electing to pursue urban lifestyles. This trendy way of life reflects the attitude and value of our community. Individuals are more passionate than ever about sustaining Jacksonville’s urban development. This trend is rapidly spreading as statistics show people preferring to live inner-city lifestyles.
Although all cities experience some sort of gentrification, significant gentrification is rare and only seen in our most populous cities. Jacksonville city currently has a 16.2% gentrification rate, putting Jacksonville in with the top 25 cities to experience gentrification since 2000.