Palisades Point, a neighborhood in Carrollton, Texas, exhibits high diversity as of 2022. No racial group comprises more than 40% of the population. The demographic composition includes White (35%), Hispanic (29%), and Asian (21%) communities. The neighborhood has undergone significant demographic shifts and economic growth over the past decade. The Asian population has notably increased, potentially reflecting broader trends of Asian immigration to tech hubs in Texas.

In 2013, Palisades Point had moderate diversity, with the White population (44%) nearing majority status, followed by Hispanic (22%) and equal representations of Asian and Black populations (15% each). Over the decade, the neighborhood transitioned to high diversity as the White population decreased and other groups, particularly Asian and Hispanic, increased their representation. The Asian population grew from 15% in 2013 to 21% in 2022, and the Hispanic population increased from 22% to 29%. The White population decreased from 44% to 35%. These changes suggest a transitional community status, with increasing diversity over time.

The demographic shifts in Palisades Point correlate with significant economic growth. The median income rose from $87,983 in 2013 to $104,624 in 2022, an increase of about 19%. This growth suggests that the neighborhood has become increasingly attractive to higher-income residents, possibly including skilled immigrants in tech or other high-paying sectors. The population growth has not been linear. The neighborhood saw a peak population of 3,363 in 2019, followed by a decline to 2,906 in 2022.