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Demographics
Population
Median Income
Racial Distributions
Zip code 21047 in Fallston, Maryland, is classified as a "Low Diversity" community with a "White Majority" as of 2022. The white population comprises 86% of the area, indicating minimal racial diversity. The median household income in 2022 was $128,906, suggesting an affluent community significantly above the national average.
Over the past decade, Fallston has maintained its status as a "Low Diversity" area with a strong "White Majority." However, gradual shifts towards becoming a "Transitional Community" are evident. The white population decreased from 96% in 2013 to 86% in 2022, indicating slow diversification. Hispanic, Asian, and multiracial populations have shown the most growth, with Hispanic representation increasing from 1% to 6% over the decade. Despite these changes, the community has not yet transitioned out of the "Low Diversity" category, as no minority group has reached significant representation (over 10%).
The economic landscape of Fallston has shown correlations with its demographic shifts. Median income increased from $121,232 in 2013 to $128,906 in 2022, representing a 6.3% growth over the decade. A notable spike in median income occurred in 2021, reaching $145,653, coinciding with a more rapid increase in diversity. The population grew from 11,997 in 2013 to 13,675 in 2022, a 14% increase, suggesting the area is attracting new residents.
These trends indicate that as the community has become slightly more diverse, it has also become more affluent and populous. This suggests that the area is attracting higher-income individuals from diverse backgrounds, potentially driven by factors such as job opportunities or quality of life considerations.
The gradual diversification trend in Fallston aligns with broader national trends of increasing diversity in suburban areas, albeit at a slower pace. The consistently high median income, well above the national average, suggests that Fallston remains an affluent enclave, potentially limiting accessibility for lower-income groups and slowing the pace of diversification. The community's resistance to rapid demographic change, maintaining its "Low Diversity" status over a decade, is notable and may reflect broader patterns in some affluent, predominantly white suburban areas.
In conclusion, Fallston shows signs of becoming a "Transitional Community," but the pace of change is slow. The area maintains its character as an affluent, predominantly white community, with gradual increases in diversity and economic prosperity. These trends suggest a balance between maintaining the area's established character and adapting to broader demographic shifts, potentially influenced by economic factors that continue to shape the community's evolution.