It’s extremely rare and not as bad for the poor as you think.

That gentrification displaces poor people of color by well-off white people is a claim so commonplace that most people accept it as a widespread fact of urban life. It’s not. Gentrification of this sort is actually exceedingly rare. The socio-economic status of most neighborhoods is strikingly stable over time. When the ethnic compositions of low-income black neighborhoods do change, it’s typically because Latinos and other immigrants move into a neighborhood—and such in-migration is probably more beneficial than harmful. As for displacement—the most objectionable feature of gentrification—there’s actually very little evidence it happens. In fact, so-called gentrifying neighborhoods appear to experience less displacement than nongentrifying neighborhoods.

It’s time to retire the term gentrification altogether. Fourteen years ago, Maureen Kennedy and Paul Leonard of the Brookings Institution wrote that gentrification “is a politically loaded concept that generally has not been useful in resolving growth and community change debates because its meaning is unclear.” That’s even truer today. Some U.S. cities do have serious affordability problems, but they’re not the problems critics of gentrification think they are. Worse, the media focus on gentrification has obscured problems that actually are serious: the increasing isolation of poor, minority neighborhoods and the startling spread of extreme poverty.

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Of course, displacement is not the only way in which gentrification could harm the poor. Residents of gentrifying neighborhoods might stay put but suffer from rising rents. Freeman and Braconi found that rents did rise in gentrifying neighborhoods in New York. But rising rents had an unexpected effect: As rents rose, residents moved less.

“The most plausible interpretation,” the authors concluded, “may be the simplest: As neighborhoods gentrify, they also improve in many ways that may be as appreciated by their disadvantaged residents as by their more affluent ones.”