Definition, Meaning & Synonyms

gentrification

Noun

/ˌdʒɛn.trɪ.fɪˈkeɪ.ʃən/

Definition

The process of transforming a neighborhood through the influx of more affluent residents, leading to increased property values and changes in the area’s social fabric.

Examples

After gentrification, many local businesses were forced to close due to rising rents.
The neighborhood has seen significant gentrification over the past decade, changing from a lower-income area into a trendy locale.

Meaning

Gentrification refers to the changes that occur in urban neighborhoods when wealthier individuals move in, often resulting in the displacement of lower-income residents and alterations to the community’s character.