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Demographic Analysis of Lakewood Estates: A White Majority Neighborhood in Georgetown, Texas
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
Lakewood Estates in Georgetown, Texas, is characterized as a neighborhood with Low Diversity, with a White Majority comprising 91% of the population as of 2022. The area has experienced population growth over the past decade, coupled with increases in median income. Lakewood Estates is located near Lake Georgetown, providing residents access to water-based recreational activities and scenic views.
Over the past decade, Lakewood Estates has maintained its status as a White Majority community. From 2013 to 2016, the neighborhood transitioned from Moderate Diversity to Low Diversity, with the Hispanic population decreasing from 19% to 1%. Between 2017 and 2021, the community remained in the Low Diversity category, but experienced a slight increase in Hispanic residents (from 2% to 8%) and the emergence of a small Black population (2% in 2020). In 2022, the neighborhood reverted to a stronger White Majority (91%), indicating a potential reversal of the slight diversification trend seen in previous years.
The economic trajectory of Lakewood Estates has been generally upward, with some fluctuations. Median income rose from $67,714 in 2013 to a peak of $97,784 in 2019, an increase of about 44%. Post-2019, there was a decrease in median income, settling at $85,428 in 2022. This decline coincides with the COVID-19 pandemic and its economic impacts. Population growth was substantial, from 546 in 2013 to a peak of 1,136 in 2018, before declining to 892 in 2022.
The rapid income growth between 2013 and 2019 may have contributed to the area's low diversity, potentially pricing out some lower-income and minority residents. The subsequent income decline and population decrease post-2019 could be linked to broader economic challenges or changes in local housing markets.
The demographic profile of Lakewood Estates contrasts with broader trends in Texas, which is becoming increasingly diverse. The neighborhood's persistent White Majority status suggests it may be an enclave within a more diverse region. The median income in Lakewood Estates ($85,428 in 2022) is likely higher than the Texas state median (which was around $64,000 in 2021), indicating a relatively affluent community. The population growth and subsequent decline in Lakewood Estates may reflect broader patterns of suburban expansion and contraction seen in many growing Texas cities.
Lakewood Estates presents a picture of a predominantly white, affluent community that has experienced economic growth and population changes over the past decade. While there have been minor fluctuations in racial diversity, the neighborhood has maintained its Low Diversity status, diverging from broader trends towards increased diversity in Texas. The economic trajectory, marked by rapid growth followed by a recent decline, may have played a role in shaping the demographic composition of the area. As the community moves forward, it may face challenges in balancing economic prosperity with increased diversity and inclusivity.
