The Parker Street neighborhood in Lakeland, Florida, has undergone significant demographic changes from 2013 to 2022. In 2022, it was classified as a Majority-Minority area with Black residents comprising 41% of the population and White residents 35%. The median income in 2022 was $27,640, indicating a lower-middle-income status. The neighborhood is known for its historical significance, with buildings dating back to the early 20th century.

Over the past decade, Parker Street transitioned from a Black Majority neighborhood in 2013, with 57% of the population identifying as Black, to a Majority-Minority status by 2022. This shift involved a decrease in the Black population percentage and an increase in White and Hispanic populations. Between 2017 and 2019, the neighborhood experienced a brief period of Moderate Diversity, with White residents forming a plurality.

The demographic changes in Parker Street correlated with fluctuations in median income. As the neighborhood became more diverse, the median income increased from $16,014 in 2015 to $35,168 in 2019. However, as the Black population percentage increased again from 2020 onwards, the median income decreased to $27,640 in 2022. The population size remained relatively stable throughout the decade, ranging from 1,450 to 1,800 residents.