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Demographics
Population
Median Income
Racial Distributions
Parkwood, a neighborhood in Durham, North Carolina, exhibited a "White Majority" demographic composition with 54% of the population identifying as white in 2022. The neighborhood experienced significant demographic shifts over the past decade, transitioning from a more diverse community to its current state. With a median income of $83,305 in 2022, Parkwood represents a relatively affluent area within Durham. Parkwood is located near Research Triangle Park, a major hub for technology and research companies.
In 2013, Parkwood was categorized as having "Moderate Diversity," with white residents comprising 55% of the population and black residents making up 31%. By 2018, the neighborhood transitioned towards a "Majority-Minority" status, with the white population decreasing to 39% while the black population increased to 37%. The Asian population rose from 3% in 2013 to 12% in 2018. From 2019 onwards, the trend reversed. The white population increased again, reaching 54% by 2022, returning the neighborhood to a "White Majority" status. The black population decreased to 27%, while the Asian population stabilized around 8-9%.
The demographic shifts in Parkwood correlate with changes in median income. As the neighborhood moved towards a "Majority-Minority" status between 2013 and 2018, the median income decreased from $67,849 in 2013 to $65,810 in 2018. As the white population began to increase again from 2019, there was an increase in median income, rising from $73,571 in 2019 to $83,305 in 2022.
The population of Parkwood grew from 5,082 in 2013 to 6,078 in 2022, indicating increased attractiveness to new residents. This growth, combined with the rising median income and shift back to a white majority, may suggest gentrification processes.
The demographic changes in Parkwood reflect trends seen in many urban areas across the United States, where neighborhoods near city centers or major employment hubs experience cycles of diversification followed by gentrification. The proximity to Research Triangle Park likely influences the attraction of high-income professionals, potentially affecting housing costs and demographic composition.
The median household income in Parkwood ($83,305 in 2022) is higher than the national median of $70,784 (as of 2021), indicating that this neighborhood is more affluent than average. This economic strength, combined with its location near a major tech hub, suggests that Parkwood may continue to attract higher-income residents, potentially further influencing its demographic makeup in the future.
Parkwood has undergone a complex demographic evolution over the past decade, transitioning from moderate diversity through a majority-minority phase and back to a white majority. These changes, closely tied to economic fluctuations and growth, reflect the dynamic nature of urban neighborhoods and the influence of nearby economic drivers like Research Triangle Park.