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Demographic Evolution of Farm Pond: From Black Plurality to Moderate Diversity
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
Loading Content...
Demographics
Population
Median Income
Racial Distributions
Farm Pond, a neighborhood in Charlotte, North Carolina, exhibits a demographic profile categorized as "Moderate Diversity" with a Black Plurality as of 2022. The African American population constitutes 47% of the neighborhood, followed by Hispanic (27%) and Asian (15%) communities. The median income of $41,804 in 2022 indicates a working-class to lower-middle-class economic status. Farm Pond has experienced notable population growth over the past decade.
Farm Pond has undergone significant demographic changes over the past decade. In 2013, the neighborhood had a "Black Plurality" with 46% African American residents and 38% Hispanic residents. From 2013-2016, the neighborhood maintained "Moderate Diversity" status, with Black and Hispanic populations each around 40%. From 2017-2021, a shift occurred towards a "Black Majority," with the African American population exceeding 50% in some years. This period also saw a decline in the Hispanic population and an increase in the Asian community. In 2022, data shows a return to "Moderate Diversity" with a "Black Plurality," as the African American population decreased to 47% while the Hispanic community grew to 27%.
The median income in Farm Pond has shown a consistent upward trend, rising from $27,685 in 2013 to $41,804 in 2022, an increase of over 50%. The initial rise in median income (2013-2016) coincided with a more balanced racial distribution and a slight increase in the Asian population. The period of "Black Majority" (2017-2021) saw the most significant income growth, with median income rising from $34,724 to $42,461. The recent return to "Moderate Diversity" in 2022 has maintained the higher income levels.
The population of Farm Pond has grown significantly, from 5,694 in 2013 to 7,235 in 2022, indicating increased demand for housing in the area. This growth, coupled with rising incomes, suggests that Farm Pond has become an increasingly desirable neighborhood within Charlotte.
Farm Pond's demographic evolution reflects broader national trends of increasing diversity in urban areas. The growth in the Asian population, from 4% in 2013 to 15% in 2022, aligns with the national trend of Asian Americans being the fastest-growing racial or ethnic group in the United States. The neighborhood's economic improvement, while significant, still places it below the national median household income ($70,784 in 2021). However, the consistent growth in both population and income suggests that Farm Pond is experiencing positive development, possibly benefiting from Charlotte's overall economic growth as a major financial center in the Southeast.
Farm Pond exemplifies a dynamic urban neighborhood undergoing significant demographic and economic changes. Its evolution from a predominantly Black and Hispanic area to a more diverse community with a growing Asian population, coupled with steady income growth, points to a neighborhood in transition. These changes likely reflect broader urban renewal and diversification trends seen in many American cities, positioning Farm Pond as an emerging area within Charlotte's urban landscape.
