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Demographics
Population
Median Income
Racial Distributions
Water's Edge, a neighborhood in Norfolk, Virginia, demonstrates Low Diversity characteristics with a strong White Majority, comprising 80% of the population in 2022. The area has undergone fluctuations in its demographic composition and economic status over the past decade. Water's Edge is notable for its proximity to water, which likely influences its real estate values and community character.
From 2013 to 2019, Water's Edge maintained a consistent White Majority status, with the white population comprising between 60-74% of residents. The neighborhood briefly transitioned to a Moderate Diversity category in 2018-2020, with increased representation from Asian and Black populations. By 2021-2022, the area reverted to a Low Diversity, White Majority status. The most significant changes occurred between 2015 and 2016, where the Asian population increased from 3% to 11%, while the Black population decreased from 20% to 13%.
The median income in Water's Edge has shown considerable volatility over the years, potentially correlating with demographic shifts. The highest median income was recorded in 2019 at $105,090, coinciding with a period of increased diversity. A sharp decline to $74,038 occurred in 2020, aligning with the onset of the COVID-19 pandemic and a slight increase in the Black population percentage. The population of Water's Edge has generally decreased over the decade, from 200 in 2013 to 164 in 2022.
The demographic trends in Water's Edge diverge from national trends towards increasing diversity. While many urban areas in the United States have experienced growing minority populations and increased racial mixing, Water's Edge has become less diverse in recent years. This may indicate localized factors such as housing costs, job market changes, or community preferences.
The median income in Water's Edge, even at its lowest point, remains above the national median household income. This suggests that despite fluctuations, the neighborhood maintains a relatively affluent status compared to national averages. The small population size of Water's Edge makes it particularly susceptible to demographic shifts based on the movement of even a small number of families.
Water's Edge presents a case of a small, relatively affluent neighborhood that has experienced significant demographic and economic fluctuations over the past decade. Its recent trend towards decreased diversity contrasts with many national trends and may warrant further investigation into local policies, housing market dynamics, and community attitudes that could be driving these changes.