Report finds racial bias in home values, displacement of Black residents, amid crisis in affordability and discrimination

HOME of VA, in partnership with The Honorable Ellen F. Robertson, Councilmember, Richmond City Council – Richmond Gateway 6th Voter District, released a report revealing that due to historic and present-day racial bias, the racial composition of a neighborhood is a better predictor of home values than home size, type, or condition. The report also highlights how decades of home devaluation have left Black neighborhoods vulnerable to community displacement through sudden spikes in housing costs. Statistical analysis found major losses of Black residents, with some neighborhoods experiencing losses of Black residents ranging from 18-45% from 2010-2019.

Report PDF: Racial Disparities in Neighborhood Home Values

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