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Demographics
Population
Median Income
Racial Distributions
Woodcroft, a neighborhood in Durham, North Carolina, exhibits a White Majority demographic composition with a median household income of $86,578 as of 2022. This suburban community is known for its proximity to Research Triangle Park.
Over the past decade, Woodcroft has consistently maintained its status as a White Majority neighborhood, with the white population ranging from 63% to 71% between 2013 and 2022. The Black population has remained relatively stable, hovering around 20-22% throughout the period. The Asian population has shown a gradual increase from 2% in 2013 to 5% in 2022. The Hispanic population experienced a temporary rise, peaking at 12% in 2016, before declining to 4% by 2022.
The median household income in Woodcroft has shown fluctuations over the past decade. From 2013 to 2019, the median income remained relatively stable, ranging from $78,380 to $83,075. A notable increase occurred in 2020 and 2021, with the median income jumping to $97,657 and $104,684 respectively. In 2022, there was a decrease to $86,578, which still represents an overall increase from the earlier part of the decade.
These economic shifts correlate with the demographic changes. The period of income stability (2013-2019) coincided with a gradual increase in diversity, particularly growth in Asian and Hispanic populations. The sharp income increase in 2020-2021 occurred alongside a slight reversal in diversity trends, with the white population percentage increasing and other groups decreasing slightly. The most recent data (2022) shows a moderation in both income and diversity trends.
The trends observed in Woodcroft reflect broader patterns seen in many suburban areas near major tech hubs. The gradual increase in diversity, particularly in Asian population, aligns with national trends of growing Asian communities in tech-centric regions. The income spike in 2020-2021 could be related to the COVID-19 pandemic's impact on the tech industry. The subsequent moderation in 2022 might reflect a broader economic adjustment as the initial pandemic-related economic boost stabilized.
Woodcroft has maintained its White Majority status while showing signs of slowly increasing diversity. The neighborhood's economic trajectory, marked by recent income growth followed by a slight decline, reflects its connection to the tech industry in the Research Triangle area. These trends suggest that Woodcroft is evolving, balancing its established character with gradual demographic and economic changes.