According to the Urban Displacement Project Gentrification is: a process of neighborhood change that includes economic change in a historically disinvested neighborhood —by means of real estate investment and new higher-income residents moving in – as well as demographic change – not only in terms of income level, but also in terms of changes in the education level or racial make-up of residents. This complex issue is more thorough explained in the video below.
The video addresses what led to gentrification, what gentrification looks like on the ground, and the impact of gentrification on communities, including displacement.