Gentrification is transforming Houston faster than Austin, San Antonio, and Dallas, according to the Federal Reserve Bank of Dallas.
"Neighborhoods near downtown have gentrified faster in Houston than in any other major Texas metropolitan area," reports Erin Douglas.
"Between 2000 and 2015, the median income of the neighborhoods less than three miles to downtown Houston increased by 67 percent, a faster pace of income growth than equivalent neighborhoods in Dallas, which increased by 49 percent; San Antonio, which increased by 39 percent; or Austin, which increased by 65 percent."
Recent analysis by the Federal Reserve Bank of Dallas produced that finding. The article includes more of the study's findings and also other documentation of the city's ongoing transformation of recent years. Soundbites from local stakeholders are also included.
FULL STORY: Houston gentrifying faster than other Texas cities, Fed analysis finds
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