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Demographics
Population
Median Income
Racial Distributions
Sagewood, a neighborhood in Greenacres, Florida, has undergone significant demographic changes from 2013 to 2022. As of 2022, Sagewood is classified as a "Moderate Diversity" community with a population of 1,206 residents and a median income of $84,218. The neighborhood has transitioned from a predominantly white community to one with a more balanced racial composition.
From 2013 to 2015, Sagewood was categorized as a "Majority-Minority" community, with white residents comprising only 37% of the population. Between 2016 and 2018, it briefly became a "White Majority" area, with white residents making up 56-57% of the population. From 2019 to 2022, Sagewood evolved into a "Moderate Diversity" community, with no single racial group exceeding 40% of the population by 2022.
The Hispanic population in Sagewood has shown a consistent increase, rising from 18% in 2017 to 31% in 2022, while the white population decreased from 57% to 37% during the same period. This trend suggests that Sagewood may be evolving into a "Transitional Community."
The demographic shifts in Sagewood have been accompanied by fluctuations in median income. From 2013 to 2019, the median income showed an overall upward trend, peaking at $88,359 in 2016. In 2020, there was a significant drop to $67,785, possibly due to the economic impact of the COVID-19 pandemic. The years 2021-2022 saw a recovery and stabilization, with the median income reaching $84,218 in 2022.
The economic changes in Sagewood correlate with the demographic shifts. The period of highest median income (2015-2018) coincides with the years when the white population was at its peak. The subsequent diversification of the community has been accompanied by some income volatility, though it has largely maintained a high median income level.
The demographic evolution of Sagewood reflects broader trends seen in many suburban areas across the United States, particularly in Florida. The increase in Hispanic population aligns with statewide trends, as Florida has seen significant growth in its Hispanic communities over the past decade. The maintenance of a relatively high median income despite increasing diversity challenges some stereotypes about diverse communities and economic prosperity.
The neighborhood's resilience in maintaining a high median income, even after the economic shock of 2020, suggests a robust local economy. This could be attributed to the diverse skill sets and economic contributions of its increasingly varied population.
Sagewood exemplifies a suburban neighborhood in transition, moving from a predominantly white community to one of moderate diversity. This shift, coupled with its economic resilience, positions Sagewood as a microcosm of broader demographic changes occurring across Florida and the United States. The neighborhood's ability to maintain economic stability while increasing its diversity could serve as a model for other communities navigating similar transitions.