In recent years (2020-2022), Southwood has settled into a "Moderate Diversity" category. The white population has decreased to around 56%, while other racial groups, particularly Black and Hispanic populations, have seen increases. This suggests a trend towards a more balanced racial composition.

The demographic shifts in Southwood correlate with changes in median income. From 2013 to 2016, when the neighborhood was transitioning from a White Plurality to a Majority-Minority status, the median income saw modest growth from $39,671 to $41,615.

The shift to a White Majority in 2017 coincided with a significant increase in median income, rising to $45,103 and continuing to increase to $55,383 by 2019. This period of income growth aligns with the decrease in the Hispanic population and increase in the white population.

As the neighborhood has become more diverse in recent years, the median income has stabilized, fluctuating between $54,000 and $57,000 from 2019 to 2022. This suggests that the increasing diversity has not led to a decline in overall economic status.

The demographic changes in Southwood reflect broader trends seen in many urban areas across the United States, where neighborhoods are becoming more diverse over time. The rapid shifts seen in Southwood between 2016 and 2017 are notable and may warrant further investigation to understand specific local factors that might have contributed to such a sudden change.

The economic growth experienced in Southwood, particularly from 2017 to 2019, outpaced national averages for income growth during that period. This could indicate that Southwood was part of a broader gentrification trend in Nashville, attracting higher-income residents and potentially displacing some lower-income communities.

The recent trend towards increased diversity while maintaining relatively high median incomes suggests that Southwood may be evolving into a more economically integrated community. This could potentially serve as a model for other neighborhoods seeking to balance diversity with economic stability.

Southwood's demographic journey over the past decade reflects interactions between racial composition and economic factors. Its evolution from a White Plurality to a Majority-Minority status, followed by a period of White Majority, and now settling into Moderate Diversity, all while experiencing overall economic growth, illustrates a dynamic neighborhood adapting to broader social and economic trends.