Toledo appears to be maintaining its homogeneous racial composition. This contrasts with broader patterns of increasing diversity seen in many parts of the United States, particularly in urban and suburban areas. The economic growth observed in Toledo aligns with national trends of rising median incomes over the past decade, though the village's growth rate appears to be more pronounced than the national average.

Based on the observed trends, Toledo will likely continue to be categorized as a "Low Diversity" community in the near future. The consistent racial composition over the past decade suggests little immediate likelihood of transitioning to a different category. The slight increase in the "two or more races" category could potentially indicate the beginning of a very gradual shift. If this trend continues and accelerates, Toledo might eventually transition into a "Transitional Community" category, but this would likely take many years at the current rate of change.

Economically, if the upward trend in median income continues, it could lead to increased property values and potentially attract new residents. This could, in turn, slowly increase diversity over time, but given the current demographic makeup, any such changes are likely to be gradual. Toledo has experienced significant economic growth over the past decade, while its racial composition has remained stable. The community is likely to remain categorized as "Low Diversity" for the foreseeable future, with any demographic changes occurring at a very slow pace.