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Demographic and Economic Analysis of Rountree/Walnut Neighborhood: White Population Decline and Racial Diversity Trends
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
The Rountree/Walnut neighborhood in Springfield, Missouri, is classified as "Low Diversity" with a white population of 82% in 2022. The median income in 2022 was $25,283. The neighborhood is characterized by historic early 20th-century homes and tree-lined streets.
Over the past decade, the Rountree/Walnut neighborhood has maintained its "Low Diversity" status, with the white population consistently above 75%. The white population decreased from 89% in 2013 to 82% in 2022. The black population increased from 4% in 2013 to 11% in 2022. The Asian population fluctuated between 1% and 6% over the decade, reaching 1% in 2022. The Hispanic population remained stable at 2-3%. The "two or more races" category grew from 0% in 2013 to 4% in 2022.
The median income in the Rountree/Walnut neighborhood has shown volatility over the past decade. It peaked in 2014 at $42,274 and reached its lowest point in 2020 at $22,035. Recent years have shown some recovery, with 2022 median income at $25,283. These economic fluctuations appear to correlate with demographic shifts.
The period of highest median income (2013-2015) coincided with the highest percentage of white residents and a larger Asian population. The increase in black population and decrease in Asian population correlates with lower median incomes in recent years. The growth in the "two or more races" category in recent years aligns with a slight recovery in median income.
The trend of slowly increasing diversity in predominantly white neighborhoods is consistent with national patterns in many urban and suburban areas. The economic volatility experienced by this neighborhood, particularly the sharp decline during the COVID-19 pandemic, reflects broader national trends of economic instability during this period. The gradual increase in racial diversity, coupled with fluctuating incomes, suggests that the Rountree/Walnut neighborhood may be experiencing gentrification or urban renewal processes common in many historic urban neighborhoods across the United States.
In conclusion, the Rountree/Walnut neighborhood remains categorized as "Low Diversity," but shows signs of gradual demographic change. These shifts, coupled with economic fluctuations, suggest a neighborhood in transition, potentially moving towards greater diversity and economic complexity in the coming years.
