Panama Park, a neighborhood in Jacksonville, Florida, exhibits characteristics of a Moderate Diversity community, with a White plurality (51%) and significant Black representation (38%) as of 2022. The neighborhood has experienced demographic and economic shifts over the past decade. Panama Park is known for its historical significance as one of Jacksonville's older neighborhoods, with roots dating back to the late 19th century.

From 2013 to 2021, Panama Park transitioned from a White Majority community to a Black Plurality area, before shifting back to a White Plurality in 2022. This evolution reflects a dynamic racial composition. In 2013-2014, the neighborhood had a White Majority (59%). From 2015-2021, it shifted to a Black Plurality, peaking at 56% in 2019. In 2022, it returned to a White Plurality (51%). These changes suggest a Transitional Community status, with fluctuating racial demographics over the decade. The Hispanic population has grown steadily, from 0% in 2013 to 8% in 2022, contributing to the neighborhood's increasing diversity.

The median income in Panama Park has shown significant volatility, potentially correlating with demographic shifts. From 2013-2016, income was low and stagnant ($16,131 to $19,117). Between 2017-2019, there was a moderate increase ($25,937 to $26,664). From 2020-2022, there was a substantial jump ($40,955 to $40,482). The sharp increase in median income from 2019 to 2020 coincides with a slight reversal in the Black-White population ratio, suggesting a possible influx of higher-income residents, potentially associated with gentrification or neighborhood revitalization efforts.