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Demographics
Population
Median Income
Racial Distributions
Five Parks, a neighborhood in Arvada, Colorado, exemplifies a Low Diversity community with a White Majority as of 2022. The area is characterized by its high median income of $151,908, placing it above national averages. Five Parks is a master-planned community design, featuring extensive green spaces and a focus on outdoor recreation, which has likely contributed to its demographic and economic profile.
Over the past decade, Five Parks has consistently maintained its status as a Low Diversity community with a White Majority. The white population has remained above 85% throughout the period, with only minor fluctuations. There has been a slight increase in the Hispanic population, from 6% in 2013 to 7% in 2022. The Asian population has remained relatively stable, fluctuating between 2-4% over the years. There has been a minimal presence of Black residents, never exceeding 1% of the population. These changes suggest a very slow trend towards slightly increased diversity, though not enough to shift the neighborhood out of its Low Diversity category.
The economic trajectory of Five Parks has been positive. From 2013 to 2022, the median income increased from $121,014 to $151,908, representing a 25.5% growth over nine years. The population grew from 1,329 in 2010 to a peak of 2,616 in 2019, before declining to 1,784 in 2022. This decline might be attributed to the COVID-19 pandemic's impact on housing preferences or other local factors. The consistently high and increasing median income aligns with the stable White Majority demographic, suggesting that the neighborhood has maintained its attractiveness to high-income, predominantly white households.
The median income in Five Parks ($151,908 in 2022) is significantly higher than the national median household income, which was around $70,784 in 2021. This indicates that Five Parks is an affluent enclave within the broader national context. While many urban areas across the U.S. have been experiencing increased racial and ethnic diversity over the past decade, Five Parks has maintained a relatively homogeneous racial composition. This stability contrasts with national trends towards greater diversity in many communities. The significant population growth followed by a decline post-2019 might reflect broader trends related to the COVID-19 pandemic, where some affluent households chose to relocate from urban to suburban or rural areas.
Five Parks presents a picture of a stable, affluent, predominantly white community that has experienced significant economic growth over the past decade. While there are minor indications of increasing diversity, these changes have been slow and have not fundamentally altered the neighborhood's demographic character. The area's high median income and relatively homogeneous racial composition suggest it may be somewhat insulated from broader demographic shifts occurring in many other parts of the country.