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Demographics
Population
Median Income
Racial Distributions
The Homebire neighborhood in Belmont, California, has transitioned from a "White Majority" community to one of "Moderate Diversity" between 2013 and 2022. In 2013, the neighborhood had a "White Plurality" (41%) with significant Asian (25%) and Hispanic (31%) populations. By 2022, the demographic composition showed a more balanced mix with White (44%), Asian (26%), and Hispanic (21%) populations. No single group held a majority by the end of this period.
The most significant demographic shifts include a decrease in the White population from 52% in 2015 to 44% in 2022, an increase in the Asian population from 12% in 2015 to 26% in 2022, and fluctuations in the Hispanic population, which decreased from 31% in 2013 to 11% in 2019, then rose to 21% in 2022. These changes indicate that Homebire has become a "Transitional Community," particularly with the rising Asian population and the recent rebound of the Hispanic community.
The demographic shifts correlate with significant economic changes. The median income grew from $86,256 in 2013 to $169,809 in 2022, an increase of nearly 97%. The rise in the Asian population coincides with the steepest increases in median income, particularly from 2019 to 2021. The fluctuations in the Hispanic population may be related to economic pressures, with the decrease potentially linked to rising housing costs and the recent increase possibly reflecting improved economic opportunities.
The population has remained relatively stable, fluctuating between 1,400 and 1,700 residents, suggesting that demographic changes are more likely due to migration patterns rather than significant population growth.
The trends observed in Homebire align with broader patterns in the San Francisco Bay Area. The increase in Asian population reflects the growing Asian presence in Silicon Valley's tech industry. The high median income and its rapid growth are consistent with the region's booming tech economy. The fluctuations in the Hispanic population mirror challenges of affordability and gentrification seen across the Bay Area.
Compared to national trends, Homebire's diversity is increasing more rapidly, and its economic growth far outpaces the national average. This accelerated change is characteristic of dynamic, tech-driven communities in California.
Homebire exemplifies a rapidly evolving, economically prosperous neighborhood transitioning towards greater diversity. The interplay between demographic shifts and economic growth reflects both the opportunities and challenges of its location in one of the most dynamic regions of the United States.