The median income in Ferger Place has shown considerable volatility over the years. In 2013, the median income was $20,208, rising to a peak of $51,006 in 2016 before declining and stabilizing around $31,000-$42,000 in recent years. The peak in median income in 2016 coincided with a temporary increase in the White population (51%) and a decrease in the Hispanic population (20%). This suggests a potential correlation between economic factors and demographic changes.

The population has grown from 216 in 2013 to 490 in 2022, more than doubling in size. This significant population growth, combined with the increasing Hispanic representation, may indicate that Ferger Place has become an attractive destination for Hispanic immigrants or families seeking affordable housing.

The demographic shifts in Ferger Place align with broader national trends of increasing diversity in urban areas and growing Hispanic populations in many parts of the United States. The transition to a Hispanic plurality is particularly noteworthy, as it outpaces national averages. While the Hispanic population has been growing nationwide, reaching about 18.7% of the U.S. population in 2020, Ferger Place's 48% Hispanic population in 2022 is significantly higher than the national average.

Ferger Place exemplifies a rapidly changing urban neighborhood, transitioning from a moderately diverse community to a majority-minority area with a strong Hispanic presence. These demographic shifts, coupled with fluctuating economic indicators, suggest a neighborhood in flux, likely responding to broader economic and social changes in the Chattanooga area and beyond. The community's evolution offers a microcosm of the changing face of America's urban landscapes, highlighting the dynamic interplay between racial demographics and economic factors in shaping local communities.