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Demographics
Population
Median Income
Racial Distributions
Falls of Neuse, a neighborhood in Raleigh, North Carolina, exhibits characteristics of a White Majority community with moderate diversity. As of 2022, the area has a population of 9,319 and a median income of $83,889. The neighborhood is situated near the Falls Lake State Recreation Area.
Over the past decade, Falls of Neuse has maintained its status as a White Majority community, with notable changes in its diversity profile. In 2013, the neighborhood had Low Diversity, with the white population at 68% and only two other groups (Black and Hispanic) having significant representation. By 2022, the community transitioned to Moderate Diversity, with the white population decreasing to 63% and the Hispanic population growing to 20%.
The most substantial shift occurred in the Hispanic population, which increased from 16% in 2013 to 20% in 2022. This growth, along with slight increases in Asian and multiracial populations, indicates a trend towards a more diverse community. The demographic shifts correlate with significant economic changes. The median income increased from $63,104 in 2013 to $83,889 in 2022, a growth of about 33%.
The population has remained relatively stable, increasing from 8,195 in 2013 to 9,319 in 2022. This suggests that the neighborhood is attracting more affluent residents across various racial groups, rather than experiencing a significant influx of new residents.
The trends observed in Falls of Neuse align with broader patterns seen in many suburban areas of growing Southern cities. Raleigh, like other cities in the "New South," has been experiencing increased diversity and economic growth. The rise in median income in Falls of Neuse outpaces the national average, indicating that this neighborhood is attractive to upper-middle-class families of various backgrounds.
The increasing Hispanic population in Falls of Neuse reflects a larger trend across North Carolina and the Southeast, where Hispanic communities have been growing rapidly. The neighborhood's ability to maintain its economic status while diversifying suggests a more integrated form of demographic change compared to some areas that experience more dramatic shifts in community composition and economic status.
Falls of Neuse represents a suburban neighborhood in transition, moving from Low Diversity to Moderate Diversity while simultaneously experiencing significant economic growth. This gradual shift towards greater diversity, coupled with rising affluence, positions the neighborhood as an example of how demographic changes can occur alongside economic stability and growth in desirable suburban areas.