What Can a Neighborhood's Name Say About the Wealth Status of People Living There?
Posted by West + Main Homes on
Whether it makes sense or not, the names and identifiers of our American communities and housing developments often say more about the people living there than we might realize.
A study done by Porch analyzes what's in a name, and the correlation between neighborhood name, housing prices, and average income.
In some cases, the way a particular neighborhood is branded can be a direct response to how a community has changed over time, or it can help people feel a sense of connectedness or identity with the area in which they live. In 2016, census data determined the average household income in America was just over $59,000, only slightly above where it was in 2000. Of course, where you live in the U.S. and how old you are might also play a part…
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