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Demographic and Economic Analysis of First Addition-Forest Hills: A Low Diversity, White Majority Neighborhood
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
The First Addition-Forest Hills neighborhood in Lake Oswego, Oregon, is classified as a Low Diversity community with a White Majority, with 83% of the population identifying as white in 2022. The neighborhood has experienced significant economic growth over the past decade, with median income increasing from $79,561 in 2013 to $114,213 in 2022. Lake Oswego is known for its high quality of life, excellent schools, and location near the Willamette River.
Throughout the period from 2013 to 2022, First Addition-Forest Hills has maintained its status as a Low Diversity, White Majority community. The white population percentage fluctuated slightly, reaching its lowest point of 79% in 2019 before increasing to 83% in 2022. There has been an increase in residents identifying as two or more races, rising from 1% in 2013 to 10% in 2022, indicating a trend towards a Transitional Community. The Hispanic population showed variability, peaking at 14% in 2019 but decreasing to 4% by 2022. The Asian population has remained relatively stable, between 2-4% throughout the decade.
The neighborhood has experienced substantial economic growth. Median income increased by approximately 43.6% from 2013 to 2022. The most significant increase occurred between 2020 and 2021, with median income rising from $113,803 to $124,913, before slightly decreasing in 2022. Population figures have remained relatively stable, fluctuating between 1,600 and 1,800 residents, suggesting that economic growth is not primarily driven by population increase.
The rising median income correlates with the maintained White Majority status and could be a factor in the slow pace of demographic diversification. Higher property values and living costs associated with rising incomes may create barriers to entry for more diverse populations.
The demographic composition of First Addition-Forest Hills differs significantly from national averages. As of 2022, the white alone, not Hispanic or Latino population in the United States was about 59.3%, lower than the 83% observed in this neighborhood. The median household income in the United States was $69,021 in 2022, making First Addition-Forest Hills' median income of $114,213 substantially higher than the national average. This disparity underscores the neighborhood's affluent status and may contribute to its demographic homogeneity.
The gradual increase in residents identifying as two or more races aligns with national trends, as multiracial populations are among the fastest-growing demographic groups in the United States. However, the pace of this change in First Addition-Forest Hills appears to be slower than national averages, possibly due to its established affluent status and high property values.
In conclusion, while First Addition-Forest Hills shows signs of a Transitional Community, particularly in the growth of its multiracial population, it remains a predominantly White Majority, Low Diversity area with high median incomes. The economic prosperity of the neighborhood may be both a result of and a contributing factor to its demographic composition, potentially slowing the pace of diversification compared to national trends.
