The Terner Center for Housing Innovation recently co-published a study with Buildzoom. The study tracked households leaving the Bay Area between 2010 through 2016. The results of the study showed that income level was a crucial factor in determining where households ultimately moved to. While low-income households were more likely to stay in the state and relocate in to affordable markets close to their former neighborhoods, wealthier households were more likely to leave the state and move to similar affluent, dense urban regions.
Another find was that lower-income households' reasons for moving were by and large because of economic marginalization. Overall, a signifiantly greater proportion of lower-income households left the region than wealthier households. For every one person in the top income category (annual household incomes greater than $200,000) who left the region, six people with annual household incomes less than $100,000 moved out. Within this threshhold, households with annual incomes of $50,000 or less made up 40%, many of whom are Hispanic or Black residents.
The final conclusion of the study was that despite the influx of households, the overall population in the Bay Area continues to increase. Moreover, incoming households also tended to be much wealthier, indicative of a significant economic and racial demographic shift in the region.
To read the report in full, click here.