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Demographics
Population
Median Income
Racial Distributions
Balboa Way, a neighborhood in Chandler, Arizona, exhibits a White Majority demographic composition with a high median income. As of 2022, the neighborhood is categorized as Low Diversity, with white residents comprising 67% of the population. The median income of $177,149 in 2022 indicates that Balboa Way is an affluent area, significantly above the national median household income. The neighborhood has experienced substantial population growth over the past decade, increasing from 1,220 residents in 2010 to 1,987 in 2022.
Over the past decade, Balboa Way has consistently maintained its status as a White Majority community. From 2013 to 2017, the neighborhood fluctuated between Low Diversity and Moderate Diversity, with the white population ranging between 66% and 72%. In 2018, there was a brief period of increased diversity, with the white population dropping to 58%, nearly shifting the neighborhood to a Moderate Diversity category. This year saw notable increases in Asian and Hispanic populations. Post-2018, the neighborhood reverted to its White Majority, Low Diversity status, with the white population stabilizing around 65-67%. Despite maintaining a White Majority, there is evidence of a Transitional Community aspect, with gradual increases in Asian and Black populations over the years.
The economic trajectory of Balboa Way shows a strong positive trend, correlating with its demographic shifts. Median income has grown substantially, from $133,165 in 2013 to $177,149 in 2022, representing a 33% increase over nine years. The period of highest diversity (2018) coincided with a temporary dip in median income, suggesting a possible influx of more diverse, middle-income residents. The subsequent years saw a rapid increase in median income, correlating with a slight decrease in diversity and reinforcement of the White Majority status. The population growth from 1,220 in 2010 to 1,987 in 2022 indicates strong demand for housing in this affluent area, potentially driving up property values and attracting high-income residents.
Balboa Way's median income of $177,149 in 2022 is significantly higher than the national median household income, which was around $70,000 in 2021. This places the neighborhood in the upper echelons of American communities in terms of wealth. The neighborhood's racial composition, while predominantly white, shows slightly higher diversity than many affluent suburbs nationwide. The gradual increase in Asian and Black populations aligns with broader national trends of increasing diversity in suburban areas. The population growth in Balboa Way outpaces the national average, suggesting that Chandler, Arizona, and particularly this neighborhood, is an attractive destination for high-income individuals and families.
Balboa Way represents a predominantly white, highly affluent neighborhood that has maintained its demographic character while experiencing significant economic growth. While showing signs of increasing diversity, particularly among Asian and Black residents, it remains a Low Diversity area with a strong White Majority. The correlation between its demographic stability and economic prosperity suggests a self-reinforcing cycle of attracting high-income residents, potentially limiting opportunities for more significant diversification.