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Demographics
Population
Median Income
Racial Distributions
Oak-Wood-Forest, a neighborhood in Ames, Iowa, exhibits a White Majority demographic composition, with 71% of its population identifying as white in 2022. The area demonstrates Low Diversity, as one racial group dominates with over 75% representation. Economically, the neighborhood has seen fluctuations in median income over the past decade, with an increase in recent years. Oak-Wood-Forest is located near Iowa State University, which likely influences its demographic makeup and economic characteristics.
Over the past decade, Oak-Wood-Forest has consistently maintained its status as a White Majority community. There have been subtle shifts in its racial composition. The white population percentage has decreased slightly from 77% in 2013 to 71% in 2022, indicating a gradual trend towards increased diversity. The Asian population has shown some fluctuation, ranging from 13% to 23% over the years, currently standing at 21% in 2022. Other racial groups, including Black, Hispanic, and multiracial individuals, have maintained relatively small but consistent representations.
The median income in Oak-Wood-Forest has shown significant variations over the years. From 2013 to 2022, the median income increased from $19,618 to $24,612, representing a 25% growth. There was a notable increase in median income from $21,349 in 2020 to $27,087 in 2021. The population has remained relatively stable, with minor fluctuations, suggesting that income changes are not primarily driven by population shifts.
These economic trends correlate with the subtle demographic shifts, potentially indicating that the increasing diversity is associated with economic growth in the area.
The gradual increase in diversity in Oak-Wood-Forest aligns with broader national trends of increasing diversity in many American communities. The presence of Iowa State University likely contributes to the relatively high Asian population percentage compared to many other Midwestern communities. The median income growth, while positive, remains relatively low compared to national averages, which could be influenced by the high student population in the area.
Oak-Wood-Forest presents a picture of a predominantly white community slowly transitioning towards greater diversity, with economic improvements occurring alongside these demographic shifts. The neighborhood's characteristics, likely influenced by its proximity to a major university, shape its demographic and economic profile in ways that distinguish it from broader regional or national patterns.