The LaRez neighborhood in Fort Wayne, Indiana, exhibits a demographic profile categorized as a "Majority-Minority" community with "Moderate Diversity" as of 2022. The neighborhood has a population of 1,387 and a median income of $29,174. LaRez has experienced significant demographic changes over the past decade, transitioning from a predominantly Black community to one with a more balanced racial composition, notably with increases in Hispanic and White populations.

From 2013 to 2022, LaRez underwent several demographic transitions. In 2013, the neighborhood was classified as having a "Black Majority," with 57% of the population identifying as Black. Over the following years, the neighborhood transitioned through different diversity categories: "Black Majority" (57-66% Black) from 2013 to 2016, "Moderate Diversity" with a Black plurality but significant White and Hispanic populations from 2017 to 2018, and "Majority-Minority" with an increasing Hispanic population from 2019 to 2022. This transition was influenced by an influx of Hispanic residents and an increase in the White population, while the Black population decreased proportionally.

The demographic shifts in LaRez correlate with changes in median income. From 2013 to 2015, the median income decreased from $18,457 to $16,850. From 2016 to 2022, there was an overall upward trend in median income, reaching $29,174 in 2022. This increase coincides with the diversification of the neighborhood, suggesting that the influx of new residents may have brought economic opportunities or reflected broader economic improvements in the area. Population figures remained relatively stable throughout this period, fluctuating between 1,254 and 1,543 residents.