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Demographic and Economic Analysis of Myrtlewood Estates: A White Majority Neighborhood in Nashville
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CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
Myrtlewood Estates, a neighborhood in Nashville-Davidson metropolitan government, Tennessee, is a White Majority community with Low Diversity. As of 2022, the white population constitutes 81% of the neighborhood, with a median income of $100,704. This neighborhood has experienced demographic and economic shifts over the past decade.
From 2013 to 2022, Myrtlewood Estates has maintained its status as a White Majority community. Between 2017 and 2019, the neighborhood showed signs of becoming a Transitional Community. The percentage of Black residents increased from 8% in 2016 to 15% in 2019, while the white population decreased from 77% to 75%. Post-2019, there was a reversal of this trend. The white population increased from 75% in 2019 to 81% in 2022, while the Black population decreased from 15% to 7%. The Asian community has maintained a relatively stable presence, fluctuating between 5-9% throughout the decade.
The neighborhood's economic trajectory has been upward, with some fluctuations. Median income rose from $82,298 in 2013 to $120,386 in 2019, a 46% increase in six years. There was a significant drop in median income to $49,728 in 2020 and $54,748 in 2021. The median income rebounded to $100,704 in 2022, nearly reaching pre-pandemic levels.
The increase in median income from 2013 to 2019 coincided with a slight increase in racial diversity. However, the post-2019 period saw both a return to higher income levels and a decrease in diversity, suggesting a potential gentrification process.
The trends observed in Myrtlewood Estates mirror broader patterns seen in many urban areas across the United States. The significant increase in median income, coupled with a slight decrease in diversity in recent years, is indicative of gentrification processes observed in many American cities. The sharp decline in median income in 2020-2021 likely reflects the nationwide economic downturn during the COVID-19 pandemic, with a swift recovery mirroring the broader U.S. economic rebound. The fluctuation in racial composition, particularly the increase and subsequent decrease in the Black population, reflects ongoing challenges in maintaining diversity in gentrifying neighborhoods across the country.
Myrtlewood Estates presents a microcosm of broader urban demographic and economic trends. Its trajectory from a stable White Majority community to a briefly more diverse one, and then back to a less diverse but more affluent neighborhood, encapsulates the interplay between race, economics, and urban development in contemporary America. The neighborhood's resilience in quickly rebounding from the pandemic-induced economic downturn also highlights its economic strength and desirability as a residential area.
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