House prices soar in Inglewood, California, as the city prepares to host Super Bowl

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House prices soar in Inglewood, California, as the city prepares to host Super Bowl
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Los Angeles middle school teacher Shirley Sher had grown tired of commuting an hour or more each way from the San Fernando Valley to the beach cities just to drop off her children at school.

It later became a white, middle-class city before Black residents became the majority in the 1970s and the ’80s, and it is now majority Latino. Combined, more than 90 percent of Inglewood is Black or Latino.

The city, which will host the Super Bowl for the first time Sunday, is the latest urban community to confront challenges as home prices soar and gentrification moves in. In 2017, 2018 and 2019, there were 583, 577, and 474 home sales respectively, at median prices of $489,431, $570,248 and $583,847. The city's central Southern California geography and healthy stock of single-family homes, many in classic Spanish revival architecture, should have always made Inglewood a prime spot for real estate speculation, said Selma Hepp, CoreLogic's deputy chief economist.

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