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Demographics
Population
Median Income
Racial Distributions
King Farm, a neighborhood in Rockville, Maryland, exhibits a "Moderate Diversity" demographic profile with a strong economic foundation. As of 2022, the neighborhood has a population of 9,942 and a median household income of $124,663, significantly above the national average. King Farm is known for its planned community design, featuring a mix of residential, commercial, and recreational spaces.
Over the past decade, King Farm has undergone a notable transition in its racial composition. In 2013, the neighborhood could be categorized as having a "White Majority" with 56% of the population identifying as white. However, by 2022, the community had shifted to a "Moderate Diversity" classification, with no single racial group constituting a majority.
The Asian population has remained relatively stable, ranging between 21-25% throughout the decade. The Black population saw significant growth, increasing from 9% in 2013 to a peak of 18% in 2019, before settling at 9% in 2022. The Hispanic population has shown a steady increase, from 6% in 2013 to 13% in 2022, indicating a trend towards a more diverse community.
The median household income in King Farm has fluctuated over the decade but has generally remained high. It peaked at $132,328 in 2013 and, despite some variations, has consistently stayed above $120,000. The period of greatest racial diversification (2015-2019) coincided with a slight decrease in median income, from $122,809 in 2015 to $114,960 in 2017. However, the median income rebounded and stabilized around $125,000 in recent years.
The population of King Farm has grown substantially over the decade, from 7,371 in 2010 to 9,942 in 2022, a 34.8% increase. This growth, combined with the increasing diversity and stable high incomes, suggests that the neighborhood has been successful in attracting new residents from various backgrounds while maintaining its economic appeal.
The demographic shifts in King Farm reflect broader national trends towards increasing diversity in suburban areas. The stability of the Asian population percentage and the growth of the Hispanic population align with national trends of increasing Asian and Hispanic populations in suburban areas. However, the fluctuation in the Black population percentage may be worth further investigation into local factors that influenced these changes.
King Farm's evolution from a "White Majority" to a "Moderate Diversity" community, while maintaining high median incomes, showcases a successful integration of diverse populations in a planned suburban setting. This trend suggests that the neighborhood has managed to balance demographic changes with economic stability.