The exceptional housing market in Davies Plantation correlates with several demographic and socioeconomic factors that likely contribute to its premium status. As of 2022, the most recent year for which demographic data is available, the neighborhood boasted a median income of $121,698. This high income level suggests a confluence of affluent residents who can afford and maintain the upscale properties characteristic of the area.

Interestingly, the population dynamics of Davies Plantation have shown some fluctuation in recent years. The population peaked at 6,575 in 2019 but has since declined to 5,035 in 2022. This decrease in population density, from 3,214 per square mile in 2019 to 2,461 in 2022, may paradoxically contribute to the area's exclusivity and desirability, offering residents more space and privacy – attributes often associated with luxury living.

The racial composition of Davies Plantation also provides insight into the neighborhood's character. As of 2022, the area was predominantly white (80.2%), with Asian (7.8%) and Black (9.0%) residents forming the next largest demographic groups. This demographic makeup has remained relatively stable over recent years, potentially indicating a settled community structure that may appeal to certain homebuyers seeking a particular neighborhood profile.

Home ownership rates in Davies Plantation, while high, have shown a slight decline from 89.2% in 2019 to 74.2% in 2022. Conversely, the percentage of renter-occupied housing has increased from 9.8% to 25.8% over the same period. This shift could reflect changing housing preferences or investment strategies within the neighborhood, possibly contributing to the upward pressure on housing prices as more properties enter the rental market.

In conclusion, Davies Plantation's distinction as the neighborhood with the highest average housing prices in Bartlett, Tennessee, is the result of a complex interplay of factors. The steady and significant appreciation of home values, particularly the sharp increase in recent years, positions the neighborhood as a premium real estate market. This is supported by high median incomes, a trend towards lower population density, and a stable community composition. While changes in homeownership patterns suggest a dynamic housing market, the overall trajectory points to Davies Plantation maintaining its status as a highly sought-after residential area in Bartlett for the foreseeable future.