Homeownership & home values among Black neighborhoods in Marion County (2018)

dc.contributor.authorMerritt, Breanca
dc.contributor.authorPeña, Rachell
dc.contributor.authorBow, Brendan
dc.contributor.authorPurcell, Jacob
dc.contributor.authorCamacho-Reyes, Karla
dc.contributor.authorYang, Elle
dc.date.accessioned2020-10-08T21:21:02Z
dc.date.available2020-10-08T21:21:02Z
dc.date.issued2020-02
dc.descriptionTrends in Marion County show there are racial gaps in homeownership rate and home values. Black homeowners have a lower homeownership rate and houses in majority-black neighborhoods are undervalued compared to homes in other parts of Marion County.en_US
dc.description.abstractA 2018 report from the Brookings Institute found that homes in majority-black neighborhoods in the Indianapolis-Carmel-Anderson metro area were valued at $18,000 less than those in similar—yet not predominately black—neighborhoods. This follows a national trend in which homes in black neighborhoods were undervalued by $48,000 on average. In fact, in 117 of the 119 metro areas included in the Brookings report, a home in a majority-black neighborhood was valued less than those in other neighborhoods. These areas also are more likely to be more segregated and provide fewer upward mobility opportunities for black residents. This brief examines trends in black homeownership specifically for Marion County.en_US
dc.identifier.citationMerritt, B., Peña, R., Bow, B., Purcell, J., Camacho-Reyes, K., Yang, E. (2020). Homeownership & home values among Black neighborhoods in Marion County (2018). Center for Research on Inclusion and Social Policy at IU. Retrieved from https://policyinstitute.iu.edu/doc/black-homeownership-brief.pdfen_US
dc.identifier.urihttps://hdl.handle.net/1805/24021
dc.language.isoen_USen_US
dc.subjectRace/ethnicityen_US
dc.subjectHousing trendsen_US
dc.subjectMarion County, Indianaen_US
dc.titleHomeownership & home values among Black neighborhoods in Marion County (2018)en_US
dc.typeArticleen_US
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