As rising seas and soaring insurance costs reshape Miami’s housing market, investors are increasingly turning their attention to Black neighborhoods on high ground, transforming climate risk into a new wave of displacement. For many longtime residents, the pressure begins long before anyone knocks on the door.
Capital B reported that Miami’s inland Black neighborhoods are being snapped up as buyers seek safer ground away from the flood-prone coast. Areas such as Overtown, Liberty City, Little Haiti, and Little River sit on a limestone ridge roughly 8 feet higher than the coast, making them newly desirable as sea level rise worsens.
Residents say the change is happening quickly. Latonya Floyd, whose family has lived in the same home for generations, told Capital B that about half the homes on her block have changed hands since 2023. Nearby, a rental that cost $800 a month in 2021 is now listed for $2,200. Citywide, Miami’s Black population share fell from about 17% to roughly 10% in under 15 years…