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Demographic Analysis of Fain Park: A Low Diversity, White Majority Neighborhood in Olympia, Washington
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
Fain Park, a neighborhood in Olympia, Washington, is categorized as a Low Diversity community with a White Majority. As of 2022, the neighborhood has a population of 532 residents and a median income of $110,651. The area is known for its proximity to the state capitol and well-maintained parks.
Over the past decade, Fain Park has maintained its status as a Low Diversity community with a White Majority. The percentage of white residents has remained above 80% throughout the period, with only slight fluctuations. From 2013 to 2022, the white population decreased from 89% to 85%. The Asian population grew from 2% in 2013 to 4% in 2022, with a peak of 7% in 2020. The "two or more races" category increased from 5% in 2013 to 9% in 2022.
The median income in Fain Park has increased from $88,972 in 2013 to $110,651 in 2022, with a peak of $125,979 in 2021. This represents a 24.4% increase over nine years. The population has grown from 473 in 2013 to 532 in 2022, an increase of about 12.5%.
The economic trends correlate with the subtle demographic shifts. As incomes rise, the neighborhood may be attracting a more diverse, but still affluent, population. The increase in Asian residents and those of two or more races could be linked to high-income professionals moving into the area.
When compared to national trends, Fain Park's demographic shifts are relatively minor. Many urban areas across the United States have seen more significant increases in diversity over the same period. However, the neighborhood's economic growth outpaces national averages, with median household income in the U.S. growing by about 10% from 2013 to 2022 (adjusted for inflation), compared to Fain Park's 24.4% increase.
The stability of Fain Park's racial composition, despite economic growth, may reflect broader patterns in high-income neighborhoods where demographic change tends to occur more slowly. This could be due to factors such as high property values, limited housing turnover, or local zoning policies that maintain the existing character of the neighborhood.
While Fain Park remains a Low Diversity, White Majority community, subtle demographic shifts and significant economic growth suggest the potential for more substantial changes in the future. The neighborhood's evolution reflects a balance between maintaining its established character and adapting to broader societal trends towards increased diversity and economic stratification.
