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Demographic Shifts in Hollow Creek: From Black Majority to Increasing Diversity
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
Loading Content...
Demographics
Population
Median Income
Racial Distributions
Hollow Creek, a neighborhood in Lexington-Fayette, Kentucky, currently exhibits a racial composition that can be categorized as a "Black Majority" community, with 49% of the population identifying as Black in 2022. This neighborhood has experienced significant demographic and economic shifts over the past decade. Hollow Creek is known for its proximity to the Kentucky Horse Park, reflecting the area's rich equestrian heritage.
Over the past decade, Hollow Creek has transitioned from a clear "Black Majority" community to a state bordering on "Moderate Diversity." In 2013, the neighborhood had a strong Black majority at 57% of the population. By 2022, this percentage had decreased to 49%, just below the threshold for a racial majority. The White population has increased from 20% in 2013 to 33% in 2022, while the Hispanic population has remained relatively stable, fluctuating between 8% and 19% over the years.
This shift suggests a trend towards increasing diversity, potentially categorizing Hollow Creek as a "Transitional Community." The gradual increase in the White population and the slight decline in the Black population indicate a changing neighborhood composition, possibly due to factors such as gentrification or changing housing preferences.
The demographic shifts in Hollow Creek correlate with significant changes in median income. In 2013, the median income was $38,700, which has increased to $52,229 in 2022. This represents a 35% increase over nine years, outpacing inflation rates for the same period. The most dramatic increase occurred between 2019 and 2021, with median income jumping from $51,556 to $76,110, before settling back to $52,229 in 2022.
This economic growth coincides with the increasing diversity of the neighborhood, suggesting that the influx of new residents may be bringing higher incomes to the area. The sharp increase and subsequent adjustment in median income between 2019 and 2022 could indicate a period of rapid change, possibly related to the COVID-19 pandemic and its economic impacts.
The demographic changes in Hollow Creek reflect broader national trends of increasing diversity in urban and suburban areas. Many U.S. cities have experienced similar shifts, with traditionally Black neighborhoods seeing an influx of White and Hispanic residents. This often correlates with economic changes, as seen in Hollow Creek's rising median income.
The magnitude of income growth in Hollow Creek is notable. The national median household income grew by about 10% between 2013 and 2022, while Hollow Creek saw a 35% increase. This suggests that the neighborhood may be experiencing more rapid economic changes than the national average, potentially indicating localized factors such as targeted development or changing local industries.
The population of Hollow Creek has remained relatively stable over the decade, fluctuating between 2,600 and 2,900 residents. This stability in population size, combined with significant demographic and economic changes, suggests that the neighborhood is experiencing a turnover in residents rather than a large influx of new housing developments.
Hollow Creek exemplifies a neighborhood in transition, moving from a predominantly Black community towards a more diverse composition. This demographic shift correlates with substantial economic growth, potentially bringing both opportunities and challenges for long-time residents and newcomers alike. The community's evolution reflects broader urban trends while maintaining its unique character tied to Lexington's equestrian culture.
