GENTRIFICATION AND TRANSIT IN NORTHWEST CHICAGO

This paper attempts to confirm a previously proposed theory that the presence of transit results in the gentrification of inner-city, transit-served neighborhoods. The study uses data from northwest Chicago between 1975 and 1991. Changes in residential property values are used as indicators of gentrification. Findings show that properties closest to transit stations increased in value significantly more than those farther away, particularly in the period 1985-1991. Properties adjacent to transit stations had a 20% higher increase in value compared with those located a half-mile away, supporting the hypothesis that transit access was a spur to gentrification. Gentrification is also shown to have spread like a wave over time, moving away from Lake Michigan and downtown Chicago. Further analysis is needed to explore the interruption of the trend in property value growth during the period 1980-1985 and to extend the analysis into the 1990s when further growth took place.

Language

  • English

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Filing Info

  • Accession Number: 00933998
  • Record Type: Publication
  • Report/Paper Numbers: HS-043 476
  • Files: TRIS
  • Created Date: Nov 14 2002 12:00AM