In Washington D.C., there is plenty to talk about all of the time. Some of it worth talking about, and other times – not so much.
What we hope to highlight here is a story of how the community of Petworth is attracting the key demographic for real estate investors – ‘young professionals’ and ‘creative types’.
Usually they tend to be first time home buyers, so lower priced housing is an essential quality to the neighbourhood in which they eventually settle in. What makes Petworth more interested is that this story highlights this community as predominately black and middle class for a long time, and that now has seen the ‘white’ population triple in the last 10 years.
The question posed… Is this neighbourhood poised for gentrification?
The typical things that signal a gentrified neighborhood nowadays are bike lanes, dog parks, ecologically friendly structures, local food markets and coffee shops, and decent transit. It certainly seems on glancing at this article that Petworth has these things.
What are your thoughts?
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