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Demographic Analysis of Hikes Point: A Low Diversity Neighborhood with Predominant White Population
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
Hikes Point, located in St. Regis Park, Kentucky, is classified as a "Low Diversity" community with a significant White majority of 81% in 2022. The neighborhood experienced moderate economic growth over the past decade, with median income increasing from $58,412 in 2013 to $78,642 in 2022. Hikes Point is characterized by a mix of residential areas and commercial corridors, offering a suburban atmosphere with urban amenities.
From 2013 to 2022, Hikes Point maintained its status as a "Low Diversity" community. The White population remained the dominant racial group, decreasing slightly from 84% in 2013 to 81% in 2022. The Asian population grew from 0% to 4% during this period. The Black population remained relatively stable, fluctuating between 8-11%. The Hispanic population showed variability, peaking at 8% in 2016-2018 before settling at 4% in 2022. These changes were not significant enough to alter the neighborhood's diversity classification.
The economic trajectory of Hikes Point has been positive, with median income increasing by approximately 34.6% from 2013 to 2022. This growth correlates with some demographic shifts. The rise in median income coincides with a slight increase in the Asian population. The stability of the White majority aligns with steady economic growth. The fluctuations in the Hispanic population might reflect changing economic opportunities or housing affordability in the area.
Hikes Point's demographic composition has remained relatively stable compared to national trends. Many urban areas across the U.S. have experienced more significant increases in diversity over the past decade. The neighborhood's resistance to major demographic shifts might be attributed to its suburban character and established community dynamics.
The economic growth in Hikes Point outpaces the national average for the same period, suggesting a relatively prosperous local economy. However, the lack of significant demographic change might indicate limited housing turnover or potential barriers to entry for new residents from diverse backgrounds.
Hikes Point presents a stable, predominantly White community with steady economic growth. Minor increases in diversity have occurred, particularly in the Asian population, but the overall demographic composition remains largely unchanged. This stability, combined with economic growth, suggests a community that may be attractive to residents seeking consistency and increasing property values, but it may face challenges in fostering greater diversity in the future.
