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Demographic Analysis of Zip Code 24020: White Majority with Subtle Racial Shifts
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
The zip code 24020 in Hollins, Virginia, is classified as a "White Majority" community with low to moderate diversity as of 2022. The area has a population of 392 and a median income of $70,273. The white population constitutes 77% of the total, indicating a clear racial majority while allowing for the presence of other racial groups.
Over the past decade, this zip code has maintained its "White Majority" status. However, there have been subtle shifts in the racial composition. The white population percentage has fluctuated, ranging from 88% in 2017 to 72% in 2015, before settling at 77% in 2022. The Black population has decreased from 11% in 2013 to 6% in 2022. Conversely, the Hispanic population has increased from 3% in 2016 to 8% in 2022. The Asian population has remained relatively stable at 2-3% throughout the decade. The category of Two or More Races has grown significantly from 1% in 2013 to 6% in 2022.
These demographic shifts suggest a trend towards slightly increased diversity, potentially moving towards a "Moderate Diversity" classification if current trends continue. The median income in this zip code has shown a generally upward trend over the past decade, increasing from $52,741 in 2013 to $74,876 in 2018, and peaking at $89,259 in 2021 before decreasing to $70,273 in 2022.
The overall increase in median income correlates with the subtle shifts in racial demographics. The growing Hispanic population and increase in multiracial residents coincide with periods of economic growth. However, the recent decrease in median income from 2021 to 2022 may be worth monitoring for its potential impact on demographic trends.
Population figures have remained relatively stable, fluctuating between 392 and 473 residents over the decade. This stability suggests that demographic changes are more likely due to shifts within the existing population rather than significant influxes of new residents.
The increase in Hispanic population and multiracial residents aligns with broader national trends of growing diversity in many American communities. The overall increase in median income over the decade, despite recent fluctuations, suggests economic growth that may be in line with national economic recovery following the 2008 recession. The maintained white majority, albeit with slight decreases, could be indicative of slower demographic change compared to more urban or rapidly growing areas.
In conclusion, while Hollins (24020) remains a "White Majority" community, subtle shifts towards increased diversity are evident. These changes, coupled with overall economic growth, suggest a community in gradual transition. Continued monitoring of these trends will be crucial to understand the long-term demographic and economic trajectory of this area.
