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Demographic Analysis of ZIP Code 24018: White Majority with Gradual Diversity Increase
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
ZIP code 24018 in Cave Spring, Virginia, is classified as a "Low Diversity" area with a White Majority as of 2022. The population is 37,417 with a median income of $78,242. This suburban community has maintained a predominantly white demographic over the past decade, with subtle shifts towards increased diversity.
From 2013 to 2022, Cave Spring has consistently maintained its status as a White Majority area, with the white population remaining above 80%. The white population decreased from 88% in 2013 to 84% in 2022. The Asian population doubled from 3% to 6% over this period. The Black population remained relatively stable, fluctuating between 3-6%. The Hispanic population increased from 1% to 4%.
The median income in Cave Spring has shown fluctuation but an overall upward trend. In 2013, the median income was $78,390. It reached a peak of $87,146 in 2021. In 2022, it slightly decreased to $78,242, which is still higher than the 2013 level when adjusted for inflation.
The population has shown a modest increase from 36,103 in 2013 to 37,417 in 2022, suggesting that the area remains attractive to new residents.
Cave Spring is experiencing slow diversification, but remains significantly less diverse than many urban and suburban areas across the United States. The national trend over the past decade has been towards increased diversity, with many areas transitioning to Majority-Minority status or High Diversity categories.
The economic stability of Cave Spring, with its median income consistently above the national average, may be a factor in its slower rate of demographic change. Higher-income areas often experience slower demographic shifts due to higher property values and established community structures.
Cave Spring remains a Low Diversity, White Majority area, with early indications of a gradual shift towards increased diversity. This trend, coupled with stable economic conditions, suggests that the community may be in the early stages of a long-term transition towards a more diverse demographic makeup. However, this process is occurring at a much slower rate compared to national trends, potentially due to the area's economic stability and established community characteristics.
