This is the second part of a two-part series on America's most diverse neighborhoods.
Do Americans want to live in diverse neighborhoods "“ or are they avoiding them?
We looked at changes in both occupied households (based on U.S. Postal Service data, just as in our recent post showing suburbs growing faster than urban areas) and home prices (based on homes for sale on Trulia) in the past year, comparing diverse neighborhoods, defined as those where no racial or ethnic group accounts for more than 50 percent of the population, and other neighborhoods. The more diverse neighborhoods have both higher population growth and stronger price growth in the past year "“ and they're a bit more expensive to begin with:
Change in households,
Oct 2011 "“ Oct 2012 Change in median price per square foot, Oct. 2011 - Oct. 2012 Median price per square foot Diverse Neighborhoods .61 percent 1.9 percent $157 Other Neighborhoods .49 percent 1.2 percent $144
Americans, therefore, are moving toward diverse neighborhoods. However, growth in those neighborhoods could affect their diversity: if prices in diverse neighborhoods rise, lower-income residents may get priced out over time. Because the two largest minority racial/ethnic groups "“ blacks and Hispanics "“ have lower incomes, on average, than whites, rising prices could reduce diversity in those markets. When the next Census rolls around in 2020, the list of most-diverse neighborhoods in the U.S. could look very different.