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Demographics
Population
Median Income
Racial Distributions
Penny Bryn, a neighborhood in Iowa City, Iowa, exhibits a demographic landscape categorized as a "Transitional Community" with increasing diversity. As of 2022, the neighborhood maintains a "White Majority" (61% white), which has been steadily declining over the past decade. The area has experienced a significant increase in its Black population, along with modest growth in its Asian and Hispanic communities. Economically, Penny Bryn has seen a notable surge in median income, increasing from $54,199 in 2019 to $89,011 in 2022, suggesting a rapid gentrification process or influx of higher-income residents.
Over the past decade, Penny Bryn has evolved from a neighborhood with "Low Diversity" to one approaching "Moderate Diversity." In 2013, the area had "Low Diversity" with a white population of 80%. By 2022, this decreased to 61%, just above the threshold for a "White Majority." The most significant change has been the growth of the Black population, rising from 3% in 2013 to 28% in 2022, making it the largest minority group.
This transition appears to have accelerated around 2019-2020, with the Black population increasing from 9% to 14% in a single year. This rapid shift suggests a potential trigger event, such as new housing developments, changes in local policies, or economic factors attracting a more diverse population. The Asian and Hispanic populations have remained relatively stable, ranging from 4-7% each throughout the decade, contributing to the overall increase in diversity.
The neighborhood's economic trajectory shows two distinct phases. From 2013 to 2019, median income fluctuated between $47,000 and $56,000, showing no clear upward trend. However, 2020 marked a significant shift, with median income increasing to $89,720, a level it has maintained through 2022.
This economic increase coincides with the acceleration of demographic changes, particularly the rapid increase in the Black population. This correlation suggests a possible influx of higher-income Black residents, potentially professionals or academics associated with the University of Iowa, a major employer in Iowa City.
The population has remained relatively stable throughout this period, ranging from 638 to 739 residents, with a slight decline to 666 in 2022. This stability in population numbers, combined with the income increase and demographic shifts, indicates a replacement of lower-income residents with higher-income ones, rather than a significant expansion of the neighborhood.
The trends observed in Penny Bryn reflect broader national patterns of increasing diversity in suburban and urban areas. The rapid nature of these changes, particularly the economic shift, is noteworthy. The doubling of median income in a short period is unusual and may be related to specific local factors, such as new development projects or changes in the local job market.
The growth of the Black population in Penny Bryn is significant when compared to Iowa's overall demographics, where Black residents comprise approximately 4% of the state population. This suggests that Iowa City, and Penny Bryn in particular, may be emerging as a pocket of diversity within a predominantly white state.
The economic changes in Penny Bryn also stand out against national trends. While many urban areas have experienced gentrification and rising incomes, the suddenness and magnitude of the income increase in Penny Bryn is exceptional. This could indicate a targeted effort to attract high-income residents or the impact of a specific economic development initiative in the area.
Penny Bryn exemplifies a rapidly evolving urban landscape, transitioning from a predominantly white, moderate-income area to a more diverse, high-income neighborhood. These changes bring both opportunities and challenges, potentially enhancing the area's economic vitality while raising questions about affordability and community cohesion.