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Demographics
Population
Median Income
Racial Distributions
The Waterford neighborhood in Durham, North Carolina, displays a Low Diversity demographic profile with a White Majority as of 2022. The community has a median income of $121,780, which is above the national average. Waterford is characterized by well-maintained parks and green spaces.
Over the past decade, Waterford has maintained its status as a Low Diversity community with a White Majority. In 2013, the neighborhood had 83% white population. From 2014 to 2018, the white population increased, reaching 91% in 2018. In 2019, the black population increased from 2% to 14%, briefly moving the neighborhood towards Moderate Diversity. From 2020 to 2022, the demographic composition returned to its previous Low Diversity state, with the white population at 87-88%.
The economic trajectory of Waterford shows an upward trend. Median income increased from $86,232 in 2013 to $121,780 in 2022, a 41% increase over a decade. In 2021, median income reached $151,186, before decreasing to $121,780 in 2022. The population has remained between 450 and 670 residents over the years, with no clear correlation to income changes.
The economic growth has not significantly altered the racial composition of the neighborhood, suggesting that the area has maintained its appeal to its predominant demographic while becoming more affluent.
Waterford's demographic stability contrasts with national trends towards increasing diversity in many urban and suburban areas. The neighborhood's median income growth outpaces national averages, indicating a concentration of wealth that may contribute to its demographic stability. The brief increase in black population in 2019 could reflect broader patterns of suburban diversification seen in many U.S. cities, though this trend did not persist in Waterford.
Waterford presents a case of a neighborhood that has maintained its Low Diversity status despite broader national trends towards diversification. Its increasing affluence may be a factor in preserving its demographic composition, potentially pricing out more diverse populations. The neighborhood's evolution suggests a pattern of economic growth within a relatively stable racial demographic, with only brief periods of potential transition that quickly reverted to the status quo.