Mill Pond, a neighborhood in Gainesville, Florida, exhibits a White Majority demographic composition with a moderate level of diversity. As of 2022, the neighborhood has a population of 946 and a median income of $40,922. Mill Pond has experienced significant fluctuations in both its population and racial makeup over the past decade, suggesting a dynamic and evolving community landscape.

Over the past decade, Mill Pond has transitioned through various diversity categories, reflecting a complex pattern of demographic change. From 2013 to 2017, the neighborhood maintained a White Majority status, but with increasing diversity. The white population decreased from 70% to 55% during this period, while Hispanic and Asian populations grew. In 2018, the area shifted to a Moderate Diversity category, with white (60%), Hispanic (23%), and Asian (5%) populations representing significant portions of the community. From 2019 to 2022, the neighborhood reverted to a White Majority status, with the white population increasing from 67% to 78%. This shift indicates a potential reversal of the earlier diversification trend. Throughout this period, the neighborhood showed characteristics of a Transitional Community, with fluctuating percentages across various racial groups, particularly notable in the Hispanic and multi-racial categories.

The median income in Mill Pond has shown considerable volatility over the years, which correlates with demographic shifts. From 2013 to 2017, as diversity increased, median income fluctuated but generally declined from $45,121 to $38,990. In 2018, coinciding with the shift to Moderate Diversity, there was a sharp drop in median income to $27,436. From 2019 to 2022, as the white majority reasserted itself, median income recovered, reaching $40,922 by 2022. These trends suggest a potential correlation between increased racial homogeneity and higher median incomes in this specific neighborhood context.