Casselwood Terrace in Fort Wayne, Indiana, is classified as a "Black Majority" neighborhood as of 2022, with 57% Black residents. The community has undergone significant demographic changes over the past decade, transitioning from a more diverse composition. The median income in 2022 was $31,345, representing a decline from previous years. The neighborhood has experienced a substantial decrease in population in recent years.

The demographic shifts in Casselwood Terrace have been significant. In 2013, the neighborhood exhibited "Moderate Diversity" with no single racial group comprising a majority. The Black population (27%) and White population (15%) were the largest groups, with a notable Hispanic presence (7%). By 2017, the area could be classified as "Majority-Minority," with the Black population reaching 43% and the Hispanic population growing to 28%. In 2022, the Black population became the clear majority at 57%, establishing the neighborhood's status as a "Black Majority" community.

The economic trends in Casselwood Terrace have fluctuated alongside demographic changes. In 2013, when the area was more diverse, the median income was $34,620. The highest recorded median income was $38,700 in 2017, coinciding with the "Majority-Minority" classification. Since then, there has been a general downward trend in median income, reaching a low of $24,465 in 2021 before slightly recovering to $31,345 in 2022. This decline in median income correlates with the solidification of the Black majority status.