The median income in Haywood Hills has shown considerable volatility over the years, which may correlate with the demographic shifts. In 2013, when the neighborhood had a White Plurality, the median income was $53,667. As the Hispanic population increased, there was a notable drop in median income, reaching a low of $31,054 in 2016. The rise of the Black plurality coincided with a gradual increase in median income, peaking at $77,986 in 2021 before settling at $54,110 in 2022.

The population has remained relatively stable over the decade, fluctuating between 550 and 750 residents. This stability in population size, combined with the significant demographic shifts, suggests that the changes are primarily due to population turnover rather than substantial new development or exodus.

The demographic shifts observed in Haywood Hills mirror broader trends seen in many urban areas across the United States. The initial increase in Hispanic population followed by a rise in Black residents is reminiscent of patterns observed in gentrifying neighborhoods in other major cities. The subsequent increase in median income as the Black population grew could indicate a form of "Black gentrification," a phenomenon observed in cities like Washington D.C. and Atlanta.

The volatility in median income, particularly the sharp increase in 2021 followed by a decrease in 2022, may reflect the broader economic impacts of the COVID-19 pandemic and its aftermath. Many urban areas experienced similar fluctuations during this period.

Haywood Hills presents a case study of rapid demographic change and its economic correlates in an urban setting. The neighborhood's journey from White to Hispanic to Black plurality, all while maintaining a Moderate Diversity profile, reflects the dynamic nature of urban demographics in the 21st century. These changes likely have significant implications for local culture, community cohesion, and economic development in the area.