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Demographics
Population
Median Income
Racial Distributions
Tally Ho Farms North, located in Tempe, Arizona, is categorized as a "Low Diversity" neighborhood with a "White Majority" comprising 71% of the population as of 2022. The area has a high median income of $166,213 in 2022, which is above national averages. The neighborhood's proximity to Arizona State University likely influences its demographic composition and economic status.
Over the past decade, Tally Ho Farms North has maintained its "Low Diversity" status, with the white population consistently representing over 70% of residents. The most significant change has been the steady increase in the Asian population, from 6% in 2013 to 18% in 2022. This trend suggests a gradual movement towards "Moderate Diversity," although the neighborhood has not yet reached that threshold. Conversely, the Hispanic population has decreased from 19% in 2013 to 6% in 2022, contributing to the maintenance of the "Low Diversity" status. Other racial groups have remained relatively stable, with slight fluctuations but no significant trends.
The neighborhood's economic profile has shown fluctuations. Median income peaked at $179,882 in 2017 but experienced a sharp decline to $105,748 in 2020, possibly due to the COVID-19 pandemic. However, it rebounded to $166,213 in 2022. The population has fluctuated between 717 and 924 residents over the decade, with no clear trend. This suggests a stable, established neighborhood with limited new development. The increase in the Asian population coincides with periods of higher median income, particularly from 2013 to 2017 and again in 2022. This could indicate that incoming Asian residents are contributing to the neighborhood's high-income profile.
The proximity to Arizona State University likely contributes to the growing Asian population, possibly due to international students and faculty. Tempe has seen growth in its tech sector, which could explain the influx of high-income Asian professionals, mirroring trends seen in other tech hubs across the country. Despite the sharp income drop in 2020, likely due to the pandemic, the quick recovery suggests a resilient local economy, possibly buffered by the presence of the university and a diverse economic base in the broader Tempe area. The declining Hispanic population coupled with rising incomes could indicate gentrification pressures, a trend seen in many urban areas across the US.
Tally Ho Farms North remains a predominantly white, affluent neighborhood, but shows signs of gradual diversification, primarily driven by growth in the Asian population. The area's economic resilience and high incomes suggest it will likely continue to attract high-earning professionals, potentially further shifting its demographic makeup in the coming years.