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Demographic and Racial Composition Analysis of Five Oaks - Triple Creek Neighborhood, Beaverton, Oregon
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
The Five Oaks - Triple Creek neighborhood in Beaverton, Oregon, exhibits Moderate Diversity with a White Majority as of 2022. The white population comprises 54% of the community, while Asian and Hispanic populations each represent 18%. The neighborhood has experienced population growth, reaching 44,148 residents in 2022, with an increase in median income to $86,816. The area's proximity to Intel's campus in Hillsboro likely influences its demographic and economic trends.
Over the past decade, Five Oaks - Triple Creek has transitioned from a Low Diversity community with a strong White Majority to its current state of Moderate Diversity. The white population decreased from 61% in 2013 to 54% in 2022. The Asian community grew from 16% to 18%, and the Hispanic population increased from 15% to 18% during this period. The Black population, while still small, increased from 2% to 5%, indicating a trend towards greater diversity.
The demographic shifts have occurred alongside economic growth. The median income rose from $70,348 in 2013 to $86,816 in 2022, a 23% increase over nine years. This growth suggests an influx of higher-income residents, possibly related to the expanding tech industry in the Portland metro area. The population growth from 41,060 in 2013 to 44,148 in 2022 indicates steady demand for housing in the area.
The trends in Five Oaks - Triple Creek reflect broader national trends of increasing diversity in suburban areas, particularly near tech hubs. The growth of the Asian population is likely influenced by the presence of tech companies like Intel in the region, which often recruit globally.
The economic growth in this neighborhood outpaces national averages, suggesting that Five Oaks - Triple Creek is benefiting from the robust tech economy of the Pacific Northwest. This economic strength, combined with increasing diversity, positions the neighborhood as an increasingly attractive area for various demographic groups.
The transition towards greater diversity, while maintaining economic growth, indicates that Five Oaks - Triple Creek is successfully navigating the challenges of demographic change. This balance may serve as a model for other communities seeking to foster inclusivity while maintaining economic vitality.
