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Demographics
Population
Median Income
Racial Distributions
College Terrace, a neighborhood in Palo Alto, California, currently exhibits a "White Majority" demographic profile with a median income of $113,664 as of 2022. This community, located near Stanford University, has experienced demographic shifts over the past decade while maintaining its status as one of the most expensive real estate markets in the United States.
From 2013 to 2019, College Terrace maintained a consistent "White Majority" status, with the white population around 56-58%. There has been a slight decline in this majority, dropping to 55% by 2022. The neighborhood has shown signs of transitioning towards a "Moderate Diversity" category. The Asian population grew from 22% in 2013 to 25% in 2019, before decreasing to 21% in 2022. The Hispanic population has increased from 10% to 13% over the decade.
The community has seen a gradual increase in its "Two or More Races" category, rising from 4% in 2013 to 7% in 2022, indicating a trend towards a more diverse population mix.
The median income in College Terrace has fluctuated over the years but generally maintained a high level. It peaked at $135,915 in 2021 before dropping to $113,664 in 2022. The population has shown overall growth, increasing from 7,677 in 2013 to 10,335 in 2022, a 34.6% increase. This population growth coincides with the increasing diversity, suggesting that new residents from various backgrounds are moving into the area.
The demographic shifts in College Terrace mirror broader trends in Silicon Valley and the Bay Area, where increasing diversity has been observed due to the influx of tech workers from various backgrounds. The high median income, despite recent fluctuations, remains well above the national average, reflecting the continued economic strength of the tech-driven local economy.
The growing diversity in College Terrace, while notable, is still less pronounced than in some other parts of the Bay Area, possibly due to the neighborhood's high property values and proximity to Stanford University, which may limit accessibility for some demographic groups.
College Terrace is experiencing a gradual transition from a predominantly white, high-income enclave to a more diverse, yet still affluent neighborhood. This shift reflects broader regional trends but occurs at a slower pace, likely due to the area's established character and high cost of living. The coming years may see further diversification if current trends continue, potentially reshaping the community's social and economic landscape.