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Demographic and Economic Trends in Hopewell Neighborhood: A Study of Racial Composition and Income Changes
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CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
The Hopewell neighborhood in Nashville, Tennessee, is characterized as a "White Majority" community with moderate diversity. As of 2022, the white population constitutes 65% of residents, with Black (23%) and Hispanic (8%) minorities. The neighborhood has experienced economic growth, with median income increasing from $67,920 in 2019 to $79,204 in 2022. The population size has remained stable over the past decade, ranging from 1,000 to 1,300 residents.
Over the past decade, Hopewell has maintained its status as a "White Majority" community, with fluctuations in diversity levels. In 2013, the white majority was 71% with less diversity. The community approached "Moderate Diversity" status around 2017, with the white population at 62% and the Black population at 27%. This trend reversed in subsequent years, returning to a more pronounced white majority by 2022.
The Hispanic population has shown volatility, ranging from 2% to 10% over the years. The Asian population has decreased from 2% in 2013 to 0% in recent years. The median income in Hopewell has shown an upward trend, with fluctuations. From 2013 to 2019, incomes remained relatively stable in the $60,000 range. A significant increase occurred from $67,920 in 2019 to $79,204 in 2020, peaking at $86,360 in 2021 before returning to $79,204 in 2022.
The population size has remained relatively stable over the decade, with a peak of 1,315 residents in 2016 and a low of 1,056 in 2022. This stability in population, combined with rising incomes, may indicate a trend of existing residents becoming more affluent rather than an influx of new, wealthier residents.
The trends observed in Hopewell align with broader patterns seen in many urban neighborhoods across the United States. The increase in median income, coupled with the maintenance of white majority status, could indicate a mild gentrification process. The fluctuations in Hispanic population mirror national trends of increased Hispanic mobility and integration into diverse neighborhoods. The decrease in the Asian population contrasts with the general trend of growing Asian populations in many U.S. urban areas.
The economic growth observed in Hopewell, particularly the sharp increase in median income from 2019 to 2021, outpaces national averages and may reflect Nashville's overall economic boom and increasing attractiveness as a destination for young professionals and families. Hopewell has maintained its status as a White Majority community while experiencing subtle demographic shifts and significant economic growth over the past decade. These changes reflect both local dynamics and broader national trends in urban development and demographic change.
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