Loading Content...
Loading Content...
Demographics
Population
Median Income
Racial Distributions
Ravenstone, a neighborhood in Durham, North Carolina, has experienced significant demographic changes from 2013 to 2022. As of 2022, the neighborhood exhibits Moderate Diversity with a Black plurality (41%) and a substantial White population (48%). This composition represents a shift from the White majority observed at the beginning of the decade. Economically, Ravenstone is characterized by high affluence, with a median income of $114,699 in 2022, significantly above the national average. The neighborhood has also undergone notable population fluctuations, experiencing rapid growth followed by a recent decline.
The demographic trends in Ravenstone can be divided into three distinct periods. From 2013 to 2016, the neighborhood maintained a White majority, with the White population comprising 52% in 2013-2014 and 49% in 2016. The period from 2017 to 2021 marked a transition, with the White population decreasing to 41% and the Black population increasing to 47%. This shift categorized Ravenstone as a Transitional Community, eventually becoming a Majority-Minority area by 2020-2021. In 2022, a slight reversal occurred, with the White population increasing to 48% and the Black population decreasing to 41%, returning the neighborhood to Moderate Diversity status.
Economically, Ravenstone has demonstrated a strong upward trend in median income. From 2013 to 2022, the median income rose from $94,383 to $114,699, representing a 21.5% increase over the decade. This trend indicates growing affluence in the community. Notably, the period of highest diversity (2020-2021) coincided with the peak in median income, suggesting a potential positive relationship between diversity and economic growth.
The population dynamics of Ravenstone have been characterized by significant fluctuations. The neighborhood experienced substantial growth from 850 residents in 2010 to 2,894 in 2019, representing a 240% increase. However, this growth was followed by a sharp decline to 1,927 residents by 2022. These population changes may be attributed to factors such as new housing developments, shifts in housing preferences, or changing economic conditions.
Ravenstone's demographic shifts align with broader national trends of increasing diversity in urban and suburban areas. The high median income and rapid population growth suggest that Ravenstone may have been part of a broader gentrification or urban development trend observed in many U.S. cities over the past decade. The recent decline in population, coupled with a slight reversal in diversity trends, could indicate a stabilization phase after rapid growth or reflect broader socio-economic factors affecting similar neighborhoods nationwide.
In conclusion, Ravenstone has undergone significant demographic and economic changes over the past decade. The neighborhood transitioned from a predominantly White, affluent area to a more diverse, increasingly affluent community. These changes reflect broader trends of increasing diversity and economic growth in urban areas, while also highlighting the complex interplay between racial demographics, economic prosperity, and population dynamics in evolving neighborhoods.