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Demographic Analysis of Woodgate III Homeowners Association: Race and Income Trends
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
The Woodgate III Homeowners Association in Clearwater, Florida, exhibits a low diversity demographic profile with a white majority of 84% as of 2022. The neighborhood's median income was $49,278 in 2022, which is below the national median household income. The community is characterized by well-maintained green spaces and community-organized events that foster a strong local identity.
Over the past decade, the Woodgate III Homeowners Association has maintained its status as a low diversity community. The percentage of white residents has fluctuated between 71% and 86%. The Hispanic population decreased from 25% in 2013 to 5% in 2022. There has been a small increase in the Black population (from 1% in 2013 to 4% in 2022) and those identifying as two or more races (from 0% in 2013 to 4% in 2022).
The median income in the neighborhood has shown fluctuations over the years. It peaked at $56,097 in 2017, coinciding with the highest white population percentage. There was a dip to $49,550 in 2020, possibly due to the COVID-19 pandemic. The most recent figure of $49,278 in 2022 represents a slight decrease from the previous year.
The economic trends do not show a clear correlation with the demographic shifts. However, the periods of higher median income (2016-2017) align with years of increased white population percentage and decreased Hispanic population.
The demographic trends in Woodgate III Homeowners Association contrast with broader national trends towards increasing diversity. While many urban areas across the U.S. have seen growing minority populations and increased diversity, this neighborhood has maintained its low diversity status.
The slight increase in the Black population and those identifying as two or more races might indicate the beginning of a gradual shift towards more diversity, potentially classifying the neighborhood as a slow transitional community.
The median income fluctuations in the neighborhood generally mirror national economic trends, including the dip during the pandemic years. However, the neighborhood's median income remains below the national average, suggesting that it may not be experiencing the same level of economic growth as some more diverse urban areas.
The Woodgate III Homeowners Association has maintained its status as a predominantly white, low-diversity community over the past decade. Subtle shifts in demographics and fluctuating economic indicators suggest the potential for gradual change in the coming years. The community's ability to adapt to these slow demographic shifts while maintaining its strong local identity will be crucial for its future development and prosperity.
