Slater Park, a neighborhood in Winston-Salem, North Carolina, is characterized as a Black Majority community with low diversity. As of 2022, the neighborhood has a population of 544 residents, with 75% identifying as Black and 22% as Hispanic. The median income is $20,840, which is below the national average. Slater Park has historical significance in Winston-Salem's tobacco industry, with many residents having ancestral ties to the area's tobacco manufacturing heritage.

Over the past decade, Slater Park has maintained its status as a Black Majority community. From 2013 to 2015, the neighborhood exhibited extremely low diversity, with the Black population comprising 85-87% of residents. Starting in 2016, a transition began towards slightly increased diversity, primarily driven by growth in the Hispanic population. This shift moved the neighborhood from Low Diversity to Moderate Diversity, though still within the Black Majority category. By 2022, the Hispanic population had grown to 22%, creating a more balanced demographic mix, albeit still firmly within the Black Majority classification.

The economic trajectory of Slater Park has been characterized by fluctuation and overall decline. Median income peaked in 2014 at $23,985 but experienced a sharp decline to $16,566 by 2017, coinciding with the period of increased Hispanic population growth. Since 2017, there has been a gradual recovery in median income, reaching $20,840 in 2022. However, this figure remains below the 2014 peak. The population has shown a general declining trend, from a high of 736 in 2014 to 544 in 2022, suggesting potential outmigration possibly linked to economic challenges.