In addition to racial stereotypes about people (e.g., Black people are poor), perceivers hold parallel racial stereotypes about physical spaces (e.g., Black spaces are impoverished; Bonam, Bergsieker, & Eberhardt, 2016). Three studies extend these findings, showing that (a) Whites describe Black space as impoverished and undesirable, but describe White space as affluent and desirable, and (b) this racially polarized stereotype content is heightened for spaces compared to people (Studies 1 & 2). Perceivers are accordingly more likely to racially stereotype spaces than people (Study 3). This asymmetry in racial stereotype application is exacerbated when targets are objectively middle class versus lower class, likely because Whites have more difficulty incorporating counterstereotypic information into perceptions of Black spaces—compared to perceptions of Black people, White people, and White spaces (Study 3). Finally, we provide and discuss evidence for potential consequences of invisible middle-class Black space, relating to residential segregation and the racial wealth gap.