Black neighborhoods have long been characterized by high crime and poverty, a stereotype propagated by society and the entertainment industry. While this may be true in the past and due to systematic problems like racism and slavery, the reality of the black community has since evolved for the better.
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The New York Times reported that nearly 40% of African Americans reside in the suburbs. This trend has continued, and today we have swanky neighborhoods as home to the black community. We have compiled a list of the eight best black neighborhoods where the wealthiest live and invest.
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1. Windsor Hills, Los Angeles California
Formerly known as View Park-Windsor Hills, it’s the largest community in the western region for the richest and best-educated people in the country. It has a population of slightly above 11,300 people. With the biggest percentage, 72.3% being black people, followed by about 9.2% white people and 6.6% Asian community.
Windsor Hills is popularly known for its high-end homes, lush landscaping, and some of the best schools in L.A. According to Zillow, the average home in this famous black neighborhood cost around $1,207,190. The median family income in this area – as of 2021- is approximately $101,739
2. Baldwin Hills, California
Located in Los Angeles, Baldwin Hills is popularly known as the “Black Beverly Hills” since it’s home to well-to-do black residents. And this includes entertainers, doctors, and politicians. It ranks number two on the list of the ten wealthiest black neighborhoods in the United States.
Baldwin Hills has an urban feel, and its homes scream money and luxury. The median listing home price in this serene neighborhood is $1.4 million. Interestingly, the median sold home amount is $1.2 million.
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3. Ladera Heights, California
With a population of around 6,634 people as of 2020, Ladera Heights makes it to our list of black neighborhoods. This predominantly black neighborhood is located in Los Angeles.
The overall cost of living in Ladera is slightly higher (51%) than the national average. In addition, homes in this well-off suburb are valued at $400,000 and above, with household income ranging from $118,000. 72% of residents in Ladera own their homes, while only 28% of them are renting.
Past and present, some famous black celebrities who have lived in Ladera include Vanessa Williams and Tyler, the Creator. Lisa Leslie and Chris Darden.
4. Friendly, Maryland
Located in Prince George’s County in Maryland, this leafy suburb has a population of approximately 10,192, with the majority of residents, 62.57%, being black.
Friendly is one of the wealthiest neighborhoods in the country, with a high homeownership rate and a very low poverty rate. The median household income in this affluent black neighborhood is $120,027 as of 2021.
According to Redfin, the median home value in Friendly is $425,000. Friendly is considered the most diverse suburb and the best place to retire.
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5. Mitchellville, Maryland
Also located in Prince George’s County, Mitcheville boasts a luxurious life and has some moneyed black families and professionals. Mitchellville has a population of slightly over 11,000 residents, and black people make up the largest portion.
The predominantly black neighborhood has owner-occupied homes going for a median value of $394,500.
6. Hillcrest, New York
Located in Rockland County, Hillcrest has a population of approximately 8,667, and over half are black.
Median home values in Hillcrest range start from $426,000. And this is way above the national average of $244,900. The median rent is $2,240, yet the national average is $1,163. The median household income in Hillcrest is $130,000, and over 75% of residents own their homes, while 23% are renting.
7. Olympia Fields, Illinois
Olympia Fields is a south suburb village in Cook County, Illinois, with a population of around 4,949. It’s home to some of the wealthiest and best-educated black people in the United States.
This famous black neighborhood ranks top 5% in the United States for median household income. The median family income in Olympia Fields as of 2021 was $95,946.
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8. Uniondale, New York
Uniondale has a large population of approximately 32,791 residents, with 55.53% being black. It boasts of wealthy black residents with a median family income of $96,359. The median home value in Uniondale as of May 2023 was $649,000. Over half of the residents own homes, while a considerable percentage rent.
This neighborhood is also the headquarters of The Lufthansa United States airline carrier. It was also home to the hockey team, New York Islanders, who played at Nassau Veterans Memorial Coliseum before they moved to Barclays Center in Brooklyn.
Whether it’s California, New York, or Maryland, these affluent black neighborhoods are some of the best in the United States. If you are considering living in the most decent and wealthiest black community, this list of black neighborhoods will be handy in your house hunting.
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