The demographic shifts in Lake Hills have occurred alongside fluctuations in median income. From 2013 to 2016, there was a decline in median income from $44,504 to $39,712, coinciding with the initial stages of the shift towards a Black majority. From 2017 onwards, there has been a general upward trend in median income, reaching $49,861 in 2021 before slightly decreasing to $46,967 in 2022.

This economic improvement correlates with the stabilization of the Black majority and the gradual increase in diversity. It suggests that as the community has become more established in its new demographic makeup, economic conditions have generally improved.

The demographic changes in Lake Hills reflect broader national trends of increasing diversity in urban and suburban areas. The economic improvements seen in Lake Hills, particularly since 2017, align with national trends of economic recovery and growth following the 2008 recession. However, the median income in Lake Hills remains below the national median household income, which was approximately $70,784 in 2021.

The increase in residents identifying as two or more races is consistent with national trends, as the multiracial population in the United States grew significantly between the 2010 and 2020 censuses. Similarly, the growth in the Hispanic population mirrors broader demographic shifts occurring across many parts of the country.

Lake Hills presents a case study of a neighborhood in transition, both demographically and economically. Its evolution from a moderately diverse community to a Black majority area, coupled with recent signs of increasing diversity and economic growth, indicates a dynamic and changing local landscape that reflects and diverges from national trends.