Gentrification is a process involving the movement of a high-income group to working-class neighborhoods nearby amenities, and that usually results in the displacement of the original inhabitants. Changes like alteration of local services, increasing prices, and unaffordable housing are derived from the process, and the negative repercussions it might have in our community, grant great significance to its forecasting. Our goal for this project was to offer a comprehensive analysis of the main indicators of the gentrification process in Miami. The data that was collected and analyzed, along with the different patterns found for the indicators considered in this study, will help in the development of a forecasting model for gentrification of the neighborhoods in the City of Miami.