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Demographics
Population
Median Income
Racial Distributions
Parkview Terrace in Mesa, Arizona, is a predominantly White Majority neighborhood with moderate income levels. As of 2022, the community has a population of 518 and a median income of $90,620. Parkview Terrace is categorized as having Low Diversity, with the white population constituting 69% of residents. The neighborhood has experienced significant fluctuations in both population and income over the past decade.
Over the past decade, Parkview Terrace has maintained its status as a White Majority neighborhood. The Hispanic population has increased from 20% in 2013 to 27% in 2022. The Asian population decreased from 9% in 2013 to 2% in 2022. Other racial groups, including Black, Native American, and Pacific Islander populations, have remained relatively stable and minimal throughout the decade.
The economic landscape of Parkview Terrace has shown correlations with its demographic shifts. The median income has fluctuated, dropping from $81,036 in 2013 to $64,007 in 2016, before increasing to $90,620 in 2022. This volatility coincides with the period of increasing Hispanic population and decreasing Asian population. The substantial increase in median income since 2016 correlates with the stabilization of the White Majority and the continued growth of the Hispanic population.
The population has oscillated between 400 and 600 residents throughout the decade, with no clear long-term trend. These fluctuations might reflect changes in housing availability or desirability of the neighborhood.
The increase in the Hispanic population in Parkview Terrace aligns with national trends of growing Hispanic communities in many parts of the United States, particularly in the Southwest. The neighborhood's income recovery and growth since 2016 mirrors the national economic recovery following the effects of the 2008 financial crisis, though Parkview Terrace's growth appears more pronounced than national averages. The gradual increase in diversity, while maintaining a White Majority, is characteristic of many suburban areas across the country that are experiencing demographic shifts.
Parkview Terrace exemplifies a neighborhood in transition, balancing its traditional White Majority status with a growing Hispanic population and evolving economic conditions. While still categorized as Low Diversity, the trends suggest a community slowly moving towards greater racial and ethnic diversity. The economic resilience demonstrated by the recent income growth indicates a potentially positive outlook for the neighborhood's future, though continued monitoring of these trends will be crucial to understand the long-term trajectory of this community.