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Demographics
Population
Median Income
Racial Distributions
Seversville, a neighborhood in Charlotte, North Carolina, exhibits characteristics of a Black Majority community with a median income of $60,806 as of 2022. The neighborhood has experienced demographic and economic changes over the past decade, transitioning from a low-income area to one with a more moderate income level. Seversville is located near uptown Charlotte and has undergone revitalization efforts in recent years.
Throughout the analyzed period (2013-2022), Seversville has maintained a Black Majority status, with the Black population representing over 50% of residents each year. In 2015, the neighborhood reached its peak Black population at 88%. From 2018 onwards, there has been a gradual decrease in the Black population percentage, dropping to 67% by 2022. There has been an increase in the Hispanic population, rising from 1% in 2015 to 17% in 2022. The White population has fluctuated, reaching a low of 3% in 2021 before increasing to 9% in 2022.
The economic landscape of Seversville has seen changes, correlating with its demographic shifts. In 2013, the median income was $17,096. There was an increase in median income to $45,765 in 2017, coinciding with the start of more noticeable demographic changes. By 2022, the median income reached $60,806, more than tripling the 2013 figure.
The increase in median income suggests a gentrification process, which likely contributed to the demographic shifts observed. The influx of higher-income residents, potentially from diverse backgrounds, has altered the neighborhood's economic and racial composition.
The changes in Seversville reflect trends seen in many urban areas across the United States. The increase in Hispanic population aligns with national trends of growing Hispanic communities in urban areas. The rapid increase in median income is indicative of gentrification processes seen in many cities, where historically low-income, predominantly minority neighborhoods experience an influx of wealthier residents. The preservation of a Black Majority status despite economic changes suggests a degree of community resilience.
When compared to national averages, Seversville's median income in 2022 ($60,806) is close to the U.S. median household income of $69,021 (as of 2022), indicating a significant increase from its previously disadvantaged economic status.
Seversville represents a Transitional Community, evolving from a Low Diversity, economically disadvantaged Black Majority area to a more economically stable, increasingly diverse neighborhood, while still maintaining its Black Majority status. This transition brings both opportunities and challenges, potentially improving economic conditions while raising concerns about displacement and community preservation.