The demographic shifts in Holland correlate with significant changes in median income. In 2013, the median income was $33,806. As the neighborhood transitioned to a White Plurality and then a White Majority, median income steadily increased, reaching $52,904 in 2022 - a 56.5% increase over nine years. This economic growth coincided with the increasing white population percentage.

The population of Holland has remained relatively stable over this period, fluctuating between 4,500 and 5,000 residents. This stability in population size, combined with changing demographics and rising incomes, might indicate a gradual process of neighborhood change rather than rapid gentrification.

The trends observed in Holland reflect broader patterns seen in many urban neighborhoods across the United States. The increase in the white population percentage and rising median incomes are often associated with processes of urban renewal and gentrification. However, Holland's retention of significant Black and Hispanic populations suggests a more gradual form of neighborhood change compared to more extreme cases of gentrification seen in other cities.

Minneapolis as a whole has been addressing issues of racial equity and affordable housing in recent years. The changes in Holland should be viewed within this larger context of citywide efforts to balance economic development with maintaining diversity and affordability.

In conclusion, while Holland has transitioned from a Majority-Minority community to a White Majority, Moderate Diversity neighborhood over the past decade, it has maintained a significant level of racial diversity. This demographic evolution, coupled with substantial income growth, presents both opportunities and challenges for maintaining an inclusive and economically diverse community in the future.