The demographic shifts correlate with changes in median income. As the community transitioned from a White Plurality to a White Majority between 2013 and 2018, the median income rose from $53,388 to $56,488. As the community became more diverse in recent years, the median income continued to increase, reaching $60,927 in 2022. This suggests that the increasing diversity has not negatively impacted the neighborhood's economic status.

The population has decreased significantly over this period, from 864 in 2013 to 568 in 2022. This population decline, coupled with increasing diversity and rising incomes, could indicate a complex interplay of factors such as gentrification, changing housing preferences, or shifts in local industry.

The demographic changes in the Sherwood to Pettit neighborhood reflect broader national trends towards increasing diversity, particularly in urban and suburban areas. The rapid increase in residents identifying as two or more races aligns with national census data showing this as the fastest-growing racial category in the United States.

The economic resilience of the neighborhood, as evidenced by rising median incomes despite demographic shifts, is noteworthy. It contrasts with some national patterns where increasing diversity has sometimes been associated with economic challenges. This suggests that Fort Wayne, and this neighborhood in particular, may have unique factors contributing to its ability to maintain economic stability amid significant demographic changes.

The Sherwood to Pettit neighborhood exemplifies a Transitional Community, rapidly evolving from a predominantly white area to one of Moderate Diversity. This transition, coupled with economic growth, presents a case study of how demographic shifts can coincide with positive economic outcomes in urban neighborhoods.