Libby Heights, a neighborhood in Gainesville, Florida, exhibits characteristics of a White Majority community with moderate diversity. As of 2022, the white population constitutes 77% of the neighborhood, with a Hispanic presence of 7% and a Black population of 10%. The neighborhood has experienced demographic shifts over the past decade, transitioning from a homogeneous community to one with increasing diversity. Economically, Libby Heights has seen a decline in median income, dropping from $61,093 in 2018 to $46,536 in 2022.

From 2013 to 2022, Libby Heights evolved from a Low Diversity area with 84% white population to a Moderate Diversity community. The neighborhood shows signs of being a Transitional Community, particularly between 2016 and 2020. The Hispanic population grew from 6% in 2016 to 21% in 2020, indicating rapid demographic change. However, there have been fluctuations in diversity, with the Hispanic population decreasing to 7% by 2022.

The median income in Libby Heights has shown a downward trend, particularly sharp from 2018 ($61,093) to 2019 ($47,909), with only a slight recovery by 2022 ($46,536). Despite the income decline, the neighborhood's population has grown from 461 in 2010 to 643 in 2022, a 39% increase. The period of increasing diversity (2016-2020) coincides with the sharpest decline in median income, suggesting a possible connection between demographic changes and economic challenges.