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Demographics
Population
Median Income
Racial Distributions
Central Park in Corvallis, Oregon, is classified as a Low Diversity neighborhood with a White Majority. The white population constitutes 70% of residents in 2022. The neighborhood has experienced economic growth over the past decade, with median income increasing from $13,810 in 2013 to $24,044 in 2022. Central Park's proximity to Oregon State University likely influences its demographic and economic characteristics.
Central Park has maintained its status as a Low Diversity neighborhood with a White Majority over the past decade. The white population has decreased from 77% in 2015 to 70% in 2022. The Asian population has remained between 10-13% throughout the period. The Hispanic population has fluctuated between 7-11%, showing a slight increase in recent years. The proportion of residents identifying as two or more races has increased from 4% in 2013 to 8% in 2022. These changes suggest a gradual move towards greater racial diversity.
The neighborhood has experienced significant economic growth from 2013 to 2022. Median income has increased by approximately 74%, rising from $13,810 to $24,044. This growth in income correlates with the slight increase in diversity, particularly the growth in the Asian and multiracial populations. The population has remained relatively stable, fluctuating between 5,348 and 6,741 residents, with a slight overall increase.
The trend of increasing diversity in Central Park aligns with broader national trends of growing diversity in many urban and suburban areas. The significant income growth outpaces national averages for the same period, suggesting that Central Park may be experiencing more rapid economic development than many other areas. The stable population with increasing income could indicate gentrification or increasing costs of living, which is a common trend in university-adjacent neighborhoods across the country.
Central Park remains a Low Diversity, White Majority neighborhood, but it shows signs of gradual diversification and significant economic growth. These trends, likely influenced by its proximity to Oregon State University, suggest a slowly evolving community that may continue to see changes in its demographic and economic landscape in the coming years.