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Demographic and Racial Composition Analysis of Parkwood East Neighborhood
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
Loading Content...
Demographics
Population
Median Income
Racial Distributions
Parkwood East, a neighborhood in Fort Collins, Colorado, exhibits characteristics of a White Majority community with moderate diversity. As of 2022, the white population comprises 71% of residents, with a Hispanic presence of 20%. The neighborhood has experienced economic growth, with median income increasing from $53,823 in 2017 to $91,809 in 2022. Parkwood East is located near Colorado State University, which may influence its demographic makeup and economic trends.
Over the past decade, Parkwood East has transitioned from Low Diversity to Moderate Diversity. In 2013, the neighborhood had 90% white population, which decreased to 71% by 2022. The Hispanic population grew from 7% to 20% during this period. This shift indicates a Transitional Community, moving towards greater diversity.
The Asian population experienced growth, peaking at 7% in 2017 and 2019 before settling at 1% in 2022. A small but consistent Black and Native American presence (both at 1-2% by 2022) emerged, further supporting the transition to Moderate Diversity.
The demographic shifts correlate with changes in median income. From 2013 to 2017, median income decreased from $61,992 to $53,823, coinciding with initial diversification. From 2018 onwards, median income increased sharply, reaching $91,809 in 2022. This economic growth parallels the stabilization of the demographic mix, suggesting increased diversity may have contributed to economic vitality.
Population figures show an upward trend from 1,084 in 2013 to 1,209 in 2022, with fluctuations. The peak population of 1,457 in 2018 coincided with the start of significant income increase, possibly indicating an influx of higher-income residents during demographic change.
The trends in Parkwood East align with broader national patterns of increasing diversity in suburban areas. The growth in Hispanic population mirrors trends seen across parts of Colorado and the Western United States. The economic growth experienced by the neighborhood outpaces national averages and suggests a local economic boom, possibly linked to the tech and education sectors in Fort Collins.
The transition from Low Diversity to Moderate Diversity, while maintaining a White Majority, indicates gradual integration rather than rapid demographic upheaval. This pattern is often associated with stable community development and can lead to long-term economic benefits, as seen in rising median incomes.
Parkwood East exemplifies a neighborhood in transition, moving towards greater diversity while experiencing economic growth. The correlation between increasing diversity and rising incomes suggests a positive interplay between demographic changes and economic development, potentially driven by its proximity to educational institutions and broader economic trends in Fort Collins and Colorado.
