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Demographics
Population
Median Income
Racial Distributions
Fourth Ward in Charlotte, North Carolina, transitioned from a Low Diversity to a Moderate Diversity community between 2013 and 2022. The white population decreased from 76% to 55%, while Black, Hispanic, and Asian populations increased. The neighborhood's median income in 2022 was $109,384, indicating an affluent urban community. Fourth Ward is characterized by restored Victorian homes and tree-lined streets within Charlotte's urban landscape.
From 2013 to 2022, Fourth Ward experienced significant demographic shifts. The white population decreased from 76% to 55%, the Black population increased from 16% to 23%, the Hispanic population rose from 6% to 10%, and the Asian population grew from 1% to 6%. These changes resulted in the area's transition from a White Majority to a Moderate Diversity community.
The demographic shifts occurred alongside fluctuations in median income. From 2013 to 2022, the median income increased from $106,377 to $109,384, a 2.8% growth. This period saw variations, including a peak of $118,450 in 2019 and a dip to $103,507 in 2021. The population grew from 2,791 in 2013 to 4,065 in 2022, a 45.6% increase.
The diversification of Fourth Ward aligns with broader national trends of increasing diversity in urban areas, particularly in growing Southern cities. The maintenance of high median incomes despite increased diversity contrasts with some national patterns where rapidly diversifying neighborhoods sometimes experience economic challenges.
The growth in the Asian population from 1% to 6% between 2013 and 2022 reflects broader trends of Asian population growth in many U.S. metropolitan areas. The increase in the Hispanic population mirrors national demographic shifts, although at a more modest pace in Fourth Ward compared to some other urban areas.
Fourth Ward's economic resilience, maintaining a median income well above the national average despite demographic changes, suggests successful navigation of challenges often associated with rapid urban diversification. This could be attributed to Charlotte's strong economic growth and Fourth Ward's historic appeal, which likely continues to attract high-income residents across various ethnic groups.
Fourth Ward's evolution from a Low Diversity, White Majority area to a Moderate Diversity, affluent urban neighborhood exemplifies successful integration of racial and economic diversity in a historically significant urban setting. This transformation reflects broader national trends towards urban diversification while maintaining its unique character and economic strength.