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Demographic Analysis of Silver Oaks: A Low Diversity, White Majority Neighborhood in Fort Collins, Colorado
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
Silver Oaks, a neighborhood in Fort Collins, Colorado, exhibits a Low Diversity demographic profile, with a White Majority comprising 96% of the population as of 2022. The area has experienced economic fluctuations over the past decade, with median income rising from $98,536 in 2019 to $141,543 in 2021, before declining to $97,880 in 2022. This neighborhood is known for its proximity to Colorado State University.
Throughout the observed period from 2013 to 2022, Silver Oaks has consistently maintained its status as a Low Diversity, White Majority community. The percentage of white residents has remained above 89% throughout this period, with a slight increase from 89% in 2013 to 96% in 2022. This trend indicates a marginal decrease in diversity over time.
The Hispanic population, while small, showed some fluctuation. It peaked at 8% in 2016 but has since decreased to 1% by 2022. The community has seen minimal representation from other racial groups, with Asian residents appearing in small numbers (1%) only in recent years (2021-2022).
The median income in Silver Oaks has shown volatility over the past decade. From 2013 to 2019, it remained relatively stable, fluctuating between $88,701 and $98,536. However, there was an increase in 2020 and 2021, with median income reaching $141,543 in 2021. This increase coincided with the COVID-19 pandemic. The period of highest income (2020-2021) aligns with the highest percentage of white residents (97% in 2020).
The population of Silver Oaks has fluctuated over the years, peaking at 1,103 in 2019 before declining to 684 in 2022. This population decrease coincides with the period of economic volatility, suggesting possible changes in the neighborhood's attractiveness or affordability.
The demographic trend in Silver Oaks contrasts with national trends towards increasing diversity. While many urban areas across the U.S. have seen growing minority populations and increased racial mixing, Silver Oaks has maintained and slightly increased its white majority.
The economic fluctuations, particularly the income increase in 2020-2021, may be atypical compared to national trends during the COVID-19 pandemic. Many areas experienced economic hardship during this time, whereas Silver Oaks saw an income boost. This could be related to the neighborhood's specific economic makeup or local factors in Fort Collins.
The recent decline in population, coupled with a return to pre-pandemic income levels in 2022, might indicate a period of transition for the neighborhood. This could be due to various factors such as changes in the local job market, housing affordability issues, or shifts in the student population related to Colorado State University.
Silver Oaks presents a case of a neighborhood that has maintained low diversity and a strong white majority despite economic fluctuations. The community's resistance to diversification, even as incomes rose, suggests demographic patterns that may be influenced by local factors specific to this area of Fort Collins.
