Urban Turf post: "From Bloomingdale to Trinidad, the difference 20 years makes in DC neighborhood home prices"
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The transformation of many local DC housing markets from affordable communities to pricey destinations has been apparent to anyone paying attention in recent years. Now, a new study illustrates the dramatic rise in housing prices in neighborhoods across the country since the year 2000.
A Trulia analysis examines median home prices over time within various metropolitan areas to rank each neighborhood in each metro from most to least expensive, with the most expensive having a rank of "1". Overall, neighborhoods that rose the most in the rankings were near gentrifying "city centers" or were former industrial centers experiencing a lot of recent residential development.