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Demographic Analysis of Terrace Park, Ohio (45174): A Low Diversity, White Majority Community
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
Terrace Park in Ohio (zip code 45174) is characterized as a Low Diversity community with a White Majority. As of 2022, the white population comprises 94% of the total, exceeding the 75% threshold for low diversity. The community has a population of 1,381 in 2022, with a median income of $148,690 in the same year.
Over the past decade, Terrace Park has maintained its status as a Low Diversity, White Majority community. The white population has remained above 90% from 2013 to 2022, with minor fluctuations. There have been no significant transitions between diversity categories during this time.
Subtle signs of a gradual increase in diversity are present. The Black population has remained stable at around 1-2% since 2013. The Hispanic population has grown from 0% in 2013 to 2% in 2022. The Two or More Races category has increased from 1% in 2013 to 2% in 2022. These minor shifts suggest the community may be in the early stages of becoming a Transitional Community, albeit at a slow pace.
The median income in Terrace Park has grown over the past decade, from $119,280 in 2013 to $148,690 in 2022, representing a 24.7% increase. The peak was reached in 2017 at $158,426, after which there has been a slight decline. This economic growth coincides with the subtle increase in diversity, suggesting that the area's prosperity may be attracting a slightly more diverse population.
Population figures have remained relatively stable, fluctuating between 1,270 and 1,448 residents over the decade. This stability, combined with the high median income, indicates a well-established, affluent community with little turnover.
Terrace Park appears to be changing at a slower rate compared to national trends of increasing diversity in many urban and suburban areas. The community's racial composition and high median income suggest it may be somewhat insulated from broader demographic shifts occurring in many parts of the country.
The median household income in Terrace Park ($148,690 in 2022) is higher than the national median ($70,784 in 2021), indicating that this community is exceptionally affluent compared to the rest of the country. This economic status likely plays a role in maintaining the area's demographic composition, potentially limiting access to more diverse populations due to high housing costs.
Terrace Park shows early signs of potentially transitioning towards greater diversity, but remains a highly affluent, predominantly white community with minor demographic shifts over the past decade. The area's economic prosperity appears to be a significant factor in maintaining its current demographic makeup, potentially slowing the pace of diversification compared to national trends.
