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Demographic Shifts and Racial Composition in Stanford Village Homeowners, Nashville-Davidson
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CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
Stanford Village Homeowners in Nashville-Davidson, Tennessee, exhibits a White Majority demographic composition with moderate diversity. As of 2022, the neighborhood has a population of 869 and a median income of $138,016. The neighborhood has experienced significant population growth over the past decade, increasing from 365 residents in 2010 to 869 in 2022.
Over the past decade, Stanford Village Homeowners has maintained its status as a White Majority community, but with shifts towards increased diversity. In 2013, the neighborhood was categorized as Low Diversity, with the white population comprising 72% of residents. By 2022, the community transitioned to Moderate Diversity, with the white population decreasing to 64% and other racial groups gaining representation.
The most significant changes include an increase in Asian population from 3% in 2013 to 12% in 2022, fluctuation in Black population, peaking at 21% in 2017 before settling at 12% in 2022, and growth in multiracial residents from 2% in 2013 to 7% in 2022. These shifts suggest a Transitional Community, moving towards greater diversity over time.
The demographic changes in Stanford Village Homeowners coincide with economic growth. The median income has risen from $84,678 in 2013 to $138,016 in 2022, representing a 63% increase. This economic growth likely contributed to the neighborhood's population growth and increasing diversity.
The trends observed in Stanford Village Homeowners align with patterns seen in growing suburban areas near major cities. The increasing diversity and rising incomes reflect national trends of suburbanization of minority populations and the growth of diverse, affluent suburbs.
The neighborhood's median income growth outpaces national averages, suggesting that Stanford Village Homeowners is becoming an increasingly exclusive enclave within the Nashville metropolitan area. The increase in the Asian population mirrors trends seen in many high-tech and professional job markets across the United States.
Stanford Village Homeowners represents a community that has transitioned from Low Diversity to Moderate Diversity while experiencing economic growth. These changes reflect broader national trends but occur at an accelerated pace, positioning the neighborhood as an example of suburban demographic and economic transformation.
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