News Summary
A study from Furman University highlights gentrification’s impact on Greenville’s Sterling community, affecting property values and the local socio-economic environment.
Greenville, SC – A recent study from Furman University reveals that gentrification poses a significant threat to Greenville’s historic Sterling community, impacting property values and the socio-economic landscape of the area. The research was commissioned by the Urban League of the Upstate and Habitat for Humanity as part of an effort to evaluate displacement pressures within the community.
The findings indicate that property values in Sterling have surged over the past five to ten years, with certain areas experiencing increases up to 135% faster than the average for Greenville County. The analysis, conducted by Dr. Ken Kolb, chair of Furman University’s Sociology Department, suggests the community’s real estate market is under intense pressure, making it one of the most affected neighborhoods in the area.
Approximately 79% of Black households within Sterling are currently renters. This demographic is particularly at risk of displacement as rising property values can lead to increased rents and, ultimately, the potential loss of stable housing. The study examined property transactions over the last decade and highlighted that nearly half of all rented parcels and 39% of vacant residential properties in Sterling are now owned by limited liability companies (LLCs) or corporate entities, which often prioritize profit over community stability.
As a response to these concerning trends, program leaders from the Urban League stress the urgency of preventing a decline in homeownership, as this would hinder wealth transfer opportunities within the community. Despite the risks, the study points out that Sterling still boasts valuable assets, including community centers and nonprofit developments, which can help maintain the neighborhood’s unique character amidst changing economic conditions.
The history of Sterling as a cultural hub for Black professionals and educators enriches the community’s identity and resilience. Notably, it was home to the first Black public school in Greenville County, which played a pivotal role in nurturing leaders like civil rights icon Jesse Jackson. This historical backdrop provides a strong foundation for community initiatives that aim to combat the current gentrification trends.
The study also introduced a “gentrification heat map” that allows for a visual representation of rising property values and their potential effects on surrounding areas. This tool is intended to raise awareness and inform local residents about the ongoing challenges they may face.
Community-centered organizations have been proactive, owning over 70 properties in Sterling, which serve as stable resources against external market pressures. For instance, Gandy Allmon Manor, an affordable housing facility, has played a crucial role in maintaining a stable Black population in the area, demonstrating the effectiveness of community-focused developments in facing gentrification challenges.
To further support local families, the study outlines several recommendations for residents, including leveraging available homestead property tax abatements and enhancing access to educational opportunities to foster economic mobility. Habitat for Humanity has also expressed plans to boost job training and educational resources in Sterling by collaborating with local colleges and Goodwill.
The overarching goal of the study is to empower residents by showcasing the community’s strengths and identifying potential collaborative efforts to combat gentrification and preserve Sterling’s rich cultural identity. In light of these findings, a public meeting has been scheduled to gather residents’ input on the study’s results and the community’s future direction in addressing these pressing issues.
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Additional Resources
- WYFF4
- Wikipedia: Gentrification
- Greenville Online
- Google Search: Gentrification in Greenville SC
- Post and Courier
- Google Scholar: Gentrification Effects
- Greenville Journal
- Encyclopedia Britannica: Gentrification
