Loading Content...
Demographic Analysis of Oakwood Terrace: Hispanic Majority and Racial Composition Shifts
_tennessee%2Fen-median-income-race-distribution-tennessee-nashville-davidson-metropolitan-government-(balance)-oakwood-terrace.webp%3F&w=3840&q=75)
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
Loading Content...
Demographics
Population
Median Income
Racial Distributions
Oakwood Terrace, a neighborhood in Nashville, Tennessee, represents a Hispanic Majority community with a median income of $61,776 as of 2022. The area transitioned from a Moderate Diversity community to its current state over the past decade. Oakwood Terrace is characterized by its Latino culture, reflected in local businesses and community events.
In 2013, Oakwood Terrace exhibited Moderate Diversity, with Hispanic (48%), White (31%), and Black (17%) populations. The neighborhood transitioned to a Hispanic Majority community by 2020, with the Hispanic population reaching 61%. This shift aligns with the definition of a Transitional Community, as the Hispanic population showed a consistent upward trend over the decade.
The White population declined from 31% in 2013 to 19% in 2022. The Black population remained relatively stable, fluctuating between 11% and 20% throughout the period. Other racial groups, including Asian and those of two or more races, maintained minimal representation.
The demographic shifts in Oakwood Terrace correlate with economic trends. The median income increased from $43,733 in 2013 to $61,776 in 2022, representing a 41% growth. This economic improvement coincided with the rise in the Hispanic majority and could be attributed to increased entrepreneurship within the growing Hispanic community, potential gentrification or urban renewal efforts, and overall economic growth in the Nashville metropolitan area.
The population of Oakwood Terrace grew from 398 in 2013 to 708 in 2022, a 78% increase. This population growth, coupled with rising incomes, suggests an increasing attractiveness of the neighborhood.
The demographic shifts in Oakwood Terrace align with broader national trends of increasing Hispanic populations in urban areas. The transition from Moderate Diversity to a clear Hispanic Majority within a decade is more pronounced than typical national averages.
The economic growth in Oakwood Terrace outpaces national averages. The 41% increase in median income over the decade is higher than the U.S. average, which saw roughly a 20-25% increase in median household income during a similar period.
Oakwood Terrace represents an example of demographic and economic change. Its evolution from a moderately diverse community to a Hispanic Majority neighborhood, coupled with population growth and income increases, illustrates the interplay between racial demographics and economic factors in urban settings. This transformation has implications for local culture, community services, and future development plans in the area.
