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Demographic Analysis of Valverde: A Hispanic Majority Neighborhood in Denver
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
Valverde, a neighborhood in Denver, Colorado, exhibits a Hispanic Racial Majority with 76% of its population identifying as Hispanic in 2022. The median income in Valverde was $32,274 in 2022, placing the neighborhood in a lower-income bracket compared to other areas of Denver. Valverde is known for its Hispanic heritage and includes the Alameda Square Shopping Center, which serves as a center for Asian businesses and cuisine.
Over the past decade, Valverde has maintained its status as a Hispanic Racial Majority community. The Hispanic population reached 83% in 2020 but has slightly decreased since then. The white population has shown a gradual increase from 10% in 2016 to 22% in 2022, indicating a slow diversification. The Asian population has remained between 2-4% throughout the decade. The data shows no significant presence of Black, Native American, Pacific Islander, or multi-racial populations.
The median income in Valverde has fluctuated over the past decade. From 2013 to 2019, there was an upward trend, with median income rising from $29,753 to $48,613. In 2020, median income dropped to $32,262, possibly due to the economic impacts of the COVID-19 pandemic. Income levels have fluctuated since then, reaching $32,274 in 2022.
Economic shifts appear to correlate with demographic changes. The period of increasing income (2013-2019) coincided with a slight decrease in the Hispanic majority and a small increase in the white population. The sudden income drop in 2020 occurred simultaneously with a spike in the Hispanic population to 83%. This suggests a potential relationship between economic pressures and demographic shifts.
Population figures show an increase from 3,602 residents in 2013 to 4,893 in 2020. However, there has been a decline since 2020, with the population dropping to 4,011 in 2022. This recent population decrease coincides with post-pandemic economic challenges and might indicate out-migration due to economic pressures.
The persistent Hispanic majority in Valverde is notable compared to broader trends in Denver. While the city has been experiencing increasing diversity, Valverde has maintained its strong Hispanic character. This could be attributed to established cultural institutions and support networks that continue to attract and retain Hispanic residents.
The economic volatility observed in Valverde, particularly the sharp decline in 2020, is more pronounced than in many other Denver neighborhoods. This suggests that Valverde may have been more vulnerable to economic shocks, possibly due to the dominant employment sectors among its residents.
The recent increase in the white population, while still a minority, may indicate the early stages of gentrification. If this trend continues, it could lead to significant changes in the neighborhood's cultural landscape and economic profile in the coming years.
In conclusion, Valverde has maintained its status as a Hispanic Racial Majority community over the past decade, but has experienced significant economic fluctuations and subtle demographic shifts. These changes, particularly the recent economic challenges and the gradual increase in the white population, may signal the beginning of more substantial transformations in the neighborhood's character and composition in the future.
