This study investigates the relationship between racial segregation and housing market outcomes in depopulating cities, focusing on Cleveland, OH (1986–2021). Findings reveal that moderately integrated neighborhoods with high Black isolation maintained stable values, while highly segregated areas experienced sharp declines, intensifying post-2008 in low- and medium-income areas. High-income segregated neighborhoods showed resilience, highlighting income-based disparities in market dynamics. These findings emphasize the need for income-sensitive, racially inclusive housing policies to counteract segregation’s negative effects and support equitable revitalization in shrinking urban contexts.
Bae et al. (Tue,) studied this question.