Loading Content...
Loading Content...
Demographics
Population
Median Income
Racial Distributions
The Silverwood neighborhood in Plano, Texas, is classified as a "Moderate Diversity" community as of 2022. The white population comprises 49% of the total, narrowly missing the "White Majority" classification. Over the past decade, the area has undergone significant demographic changes, accompanied by fluctuations in median income. The neighborhood's proximity to the Plano Event Center, which hosts various community events and conferences, may influence its socioeconomic dynamics.
The neighborhood's demographic composition has shifted notably from 2013 to 2022. From 2013 to 2016, Silverwood was a "White Plurality" community, with white residents making up 47% of the population in 2013. During this period, Hispanic representation gradually increased, reaching 37% by 2016, moving the area towards a "Majority-Minority" status. A shift occurred in 2017, with the white population increasing to 53%, establishing a brief "White Majority." This trend continued through 2021, with the white population peaking at 56%. The most recent data from 2022 indicates a return to "Moderate Diversity," with white residents at 49% and significant representations from Hispanic (26%) and Asian (18%) populations.
The median income in Silverwood has demonstrated considerable volatility over the years. From 2013 to 2016, income declined from $61,863 to $60,217, coinciding with the increasing Hispanic population and the shift towards a "Majority-Minority" status. As the white population increased from 2017 to 2019, median income rose significantly, peaking at $69,707 in 2019. Despite maintaining a white majority from 2020 to 2022, income fluctuated, dropping to $65,205 in 2020 before rising to $71,570 in 2021 and then declining again to $63,301 in 2022. These economic shifts appear to correlate with demographic changes, suggesting a complex relationship between racial composition and economic conditions in the neighborhood.
The demographic shifts in Silverwood reflect broader trends in the Dallas-Fort Worth metroplex, which has been experiencing increased diversity over the past decade. However, the fluctuations in Silverwood's racial composition are more pronounced than the regional average, suggesting local factors at play. The median income volatility in Silverwood is notable, especially given Plano's reputation as an affluent suburb. While the neighborhood's income levels remain above the national average, the recent declines may indicate changing economic dynamics or shifting population characteristics.
The decrease in population from 5,492 in 2016 to 3,739 in 2022 is significant and unusual for a growing metropolitan area like Dallas-Fort Worth. This could suggest outmigration, possibly related to changing housing costs or other local factors affecting neighborhood desirability. Silverwood presents a case of a dynamically changing suburban neighborhood, transitioning through various diversity categories over a decade. These shifts, coupled with income fluctuations and population decline, indicate a community in flux, potentially influenced by both local and regional socioeconomic factors.