Caroline Village in Winston-Salem, North Carolina, demonstrates moderate diversity with a transitional community character. As of 2022, the neighborhood has a White plurality (48%), followed by Hispanic (28%) and Black (18%) populations. The median income of $64,773 in 2022 indicates a middle-class suburban environment. Caroline Village has undergone notable demographic shifts over the past decade, reflecting broader trends of increasing diversity in many American suburbs.

From 2013 to 2022, Caroline Village transitioned through several demographic categories. In 2013-2015, it had a White majority (68-81%). In 2016-2017, it showed moderate diversity with a White plurality (46-56%) and significant Black and Hispanic populations. From 2018-2020, it became a majority-minority community with the White population below 50%. In 2021-2022, it returned to moderate diversity with a White plurality. This transition likely reflects broader patterns of suburbanization among minority populations and changing housing preferences among different racial groups.

The median income in Caroline Village has fluctuated over the years, showing an overall upward trend despite volatility. In 2013, it was $60,379. It reached its lowest point in 2017 at $56,877, peaked in 2021 at $80,345, and settled at $64,773 in 2022. The income fluctuations correlate with demographic shifts. The lowest median income in 2017 coincided with the period of greatest racial diversity, while the peak in 2021 occurred as the White population increased again. This suggests that economic factors may be influencing or influenced by demographic changes.