Parkwood Knolls, a neighborhood in Edina, Minnesota, has experienced significant demographic changes over the past decade. In 2013, the neighborhood was categorized as Low Diversity with a 73% white population. By 2022, it had transitioned to a White Majority with Moderate Diversity. The most notable change was the increase in the Black population from 11% in 2013 to 25% in 2022. The Hispanic population fluctuated between 3% and 14%, while the Asian population remained consistently low at around 1%. The percentage of residents identifying as two or more races increased modestly from 5% in 2013 to 5% in 2022.

The demographic shifts in Parkwood Knolls coincided with changes in median income. The neighborhood's median income peaked in 2015 at $110,096 but decreased to $77,782 by 2022, a drop of nearly 30%. This economic shift may correlate with the increasing diversity of the neighborhood. The population grew steadily from 5,271 in 2013 to 6,133 in 2022, an increase of about 16%.

The demographic changes in Parkwood Knolls reflect broader national trends of increasing diversity in suburban areas. Many suburbs across the United States have experienced similar transitions from low diversity to more moderate or high diversity over the past decade. However, the increase in the Black population in Parkwood Knolls from 11% to 25% is more pronounced than the national average for suburban areas.