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Demographic Analysis of Loveland-Madeira Corridor: A Low Diversity Neighborhood with Increasing Racial Diversity
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
The Loveland-Madeira Corridor in Loveland, Ohio, exhibits characteristics of Low Diversity, with a white majority comprising 81% of the population as of 2022. The neighborhood has experienced moderate fluctuations in its demographic composition and economic indicators over the past decade. This area is known for its proximity to the Little Miami Scenic Trail, a recreational asset that may influence local demographics and property values.
From 2013 to 2022, the Loveland-Madeira Corridor has maintained a White Majority status. There has been a gradual decrease in the white population from 92% in 2013 to 81% in 2022, indicating a slow but steady diversification trend. The area still falls under the Low Diversity category due to the dominant white population exceeding 75%.
The neighborhood shows signs of becoming a Transitional Community, particularly in the last five years. There has been an increase in the Hispanic population from 1% in 2017 to 9% in 2022, and the Black population has grown from 0% to 6% during the same period. This trend suggests a gradual shift towards increased diversity, though it has not yet reached the threshold for Moderate Diversity.
The median income in the Loveland-Madeira Corridor has fluctuated over the past decade. It peaked at $107,735 in 2014 and reached its lowest point at $80,964 in 2018. The periods of highest income (2013-2015) coincided with the lowest diversity, while the increase in diversity from 2018 onwards has been accompanied by more moderate income levels.
The population has shown an upward trend, growing from 976 in 2013 to 1,229 in 2022. This population growth, coupled with the increasing diversity, suggests that the area is becoming more attractive to a wider range of residents.
The gradual diversification of the Loveland-Madeira Corridor aligns with broader national trends of increasing diversity in suburban areas. The pace of change in this neighborhood appears to be slower than many urban and suburban areas across the United States.
The fluctuations in median income, particularly the decline from 2014 to 2018 followed by a recovery, may reflect broader economic trends. The recent uptick in income (2020-2021) despite increased diversity challenges the notion that increasing diversity necessarily leads to lower income levels in a neighborhood.
The consistent population growth in the area, even as diversity increases, suggests that the Loveland-Madeira Corridor remains an attractive location for residents. This could be due to factors such as the Little Miami Scenic Trail, schools, or other local amenities.
In conclusion, the Loveland-Madeira Corridor remains predominantly white and falls under the Low Diversity category, but shows signs of transitioning towards a more diverse community. This gradual shift, coupled with population growth and recovering income levels, indicates a neighborhood in the early stages of demographic and economic evolution, influenced by both local factors and broader national trends.
