The demographic shifts in Historic Waverly Place correlate with changes in median income. In 2013, the median income was $52,735. It rose to $94,200 in 2019, an increase of nearly 79% in six years. This income growth coincides with the increasing White population and decreasing Black population, suggesting economic displacement alongside demographic change.

There was a decline in median income from 2019 to 2020, dropping to $74,920. This could be attributed to the economic impacts of the COVID-19 pandemic. Incomes have shown signs of recovery, reaching $76,868 in 2022.

The population has remained relatively stable, fluctuating between about 1,300 and 1,600 residents. This stability in population size, combined with significant demographic and income changes, supports the idea of population turnover rather than expansion.

The trends observed in Historic Waverly Place reflect broader patterns of gentrification seen in many urban areas across the United States, particularly in historic neighborhoods close to city centers. The rapid increase in median income and shift towards a White Majority are common indicators of such processes.

The national median household income in 2022 was approximately $70,784, meaning Historic Waverly Place is now slightly above the national average. This represents a change from 2013 when the neighborhood was below the national median.

The racial demographic shifts in this neighborhood are more pronounced than national trends. While the U.S. as a whole has been becoming more diverse, Historic Waverly Place has become less diverse over the past decade.

Historic Waverly Place has transitioned from a moderately diverse, middle-income neighborhood to a more affluent, predominantly White community. These changes likely reflect broader urban renewal and gentrification trends, with potential implications for community cohesion, local culture, and economic accessibility for long-term residents.