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Demographics
Population
Median Income
Racial Distributions
Greenwood Hills, a neighborhood in Richardson, Texas, is predominantly White with moderate diversity. As of 2022, the white population comprises 68% of residents, with Asian and Hispanic populations each at 13%. The neighborhood has experienced changes in population and median income over the past decade, indicating an evolving community landscape. Greenwood Hills' proximity to the University of Texas at Dallas likely influences its demographic composition and economic characteristics.
Over the past decade, Greenwood Hills has maintained its status as a White Majority community, but with notable shifts in diversity. From 2013 to 2015, the neighborhood transitioned from Low Diversity to Moderate Diversity as Hispanic and Asian populations grew. Between 2016 and 2018, a shift towards Majority-Minority status occurred, with the white population decreasing to 61-62% and the Hispanic population reaching 27% by 2018. From 2019 to 2022, the community reverted to White Majority status while maintaining Moderate Diversity. The Asian population fluctuated, reaching 13% in 2022, matching the Hispanic population.
The median income in Greenwood Hills has shown overall growth, with fluctuations. From 2013 to 2018, there was a steady increase from $47,374 to $71,277, correlating with increased diversity and population growth. Between 2019 and 2022, income fluctuated, dropping to $63,260 in 2022, coinciding with population decrease and a slight reversal in diversity trends. The population peaked in 2018 at 5,029 residents, aligning with the highest median income and greatest diversity.
The demographic shifts in Greenwood Hills reflect broader trends in the Dallas-Fort Worth metroplex, which has seen increasing diversity over the past decade. The proximity to the University of Texas at Dallas likely contributes to the neighborhood's relatively high Asian population compared to state averages.
The median income fluctuations, while significant, generally outpace Texas state averages, suggesting Greenwood Hills remains an economically stable area despite recent downturns. The decrease in population since 2018 could be attributed to various factors, including housing market changes, university-related population shifts, or broader urban migration patterns seen in many U.S. cities post-2020.
Greenwood Hills exemplifies a community in transition, balancing its historical White Majority status with increasing diversity. The economic and demographic fluctuations suggest a dynamic neighborhood responding to local and regional influences, particularly those related to its proximity to a major university. These changes present both opportunities and challenges for community cohesion and economic development in the coming years.