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Demographic Analysis of Sherwood Oaks: A Low Diversity Neighborhood with White Majority
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
Sherwood Oaks, a neighborhood in Bloomington, Indiana, is characterized as a Low Diversity community with a White Majority. As of 2022, the neighborhood has a population of 5,482 and a median income of $80,809. Sherwood Oaks is located near Indiana University, which may influence its demographic composition and economic characteristics.
Over the past decade, Sherwood Oaks has maintained its status as a Low Diversity community with a White Majority. The percentage of white residents has consistently remained above 75%, ranging from 88% to 93%. There has been a slight increase in diversity, with the percentage of white residents decreasing from 93% in 2014 to 90% in 2022. The multiracial population has grown from 1% in 2013 to 2% in 2022, with a peak of 4% in 2020 and 2021. Asian, Black, and Hispanic populations have remained relatively stable, each consistently representing 1-3% of the population.
The neighborhood has experienced significant economic growth over the past decade. From 2013 to 2022, the median income increased from $63,067 to $80,809, representing a 28% growth. Despite the overall upward trend, there were some fluctuations, with a notable dip in 2018-2019 before rebounding strongly in 2020-2022. The population has remained relatively stable, fluctuating between 5,400 and 6,000 residents throughout the period.
The consistent White Majority and increasing median income suggest that the neighborhood has maintained its socioeconomic status while experiencing minimal demographic changes. The slight increase in diversity has not significantly altered the overall economic trajectory of the area.
The proximity to Indiana University likely contributes to the neighborhood's stability and economic growth, as university towns often have more resilient local economies. Unlike many urban areas experiencing rapid demographic shifts due to gentrification, Sherwood Oaks appears to have maintained a relatively consistent racial composition while seeing economic improvements. The demographic stability of Sherwood Oaks aligns with broader trends in many suburban areas, which often see less dramatic demographic shifts compared to urban centers.
Sherwood Oaks represents a stable, predominantly white, middle to upper-middle-class neighborhood that has experienced steady economic growth over the past decade. While it remains categorized as Low Diversity, there are subtle signs of increasing diversity, which may continue to develop in the coming years. The neighborhood's economic trajectory suggests a resilient local economy, likely bolstered by its proximity to Indiana University.
