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Demographics
Population
Median Income
Racial Distributions
Shady Oak Farms Homeowners Association in Clearwater, Florida, is a predominantly White Majority community with Low Diversity. The neighborhood has a median income of $116,665 as of 2022, which is above the national average. The area has experienced steady population growth over the past decade.
Over the past decade, Shady Oak Farms has undergone demographic changes. In 2013, the community was 93% white. By 2020, the white population decreased to 69%. This shift indicates a trend towards increased diversity, although the community still maintains a White Majority status.
The Asian population grew from 3% in 2013 to 12% in 2021, then decreased to 7% in 2022. The Hispanic population increased from 4% in 2013 to 13% in 2020, then stabilized around 8-9% in recent years. These changes suggest a gradual transition towards a more multicultural community.
The demographic shifts correlate with economic changes in the neighborhood. The median income has shown an upward trend, rising from $89,999 in 2013 to $127,597 in 2021, with some fluctuations. This increase in median income coincides with the growing diversity.
The population has grown from 666 in 2010 to 978 in 2022, a 47% increase. This population growth, combined with rising incomes and increasing diversity, indicates a desirable, upscale neighborhood that is becoming more inclusive.
The trends in Shady Oak Farms align with national patterns of increasing diversity in suburban areas with high median incomes. However, the pace of diversification in this neighborhood appears slower than national averages for similar suburban communities.
The community's evolution from Low Diversity to approaching Moderate Diversity, while maintaining its White Majority status, reflects a gradual integration process common in many affluent suburbs across the United States. The increase in Asian and Hispanic populations mirrors national trends of these groups moving into traditionally white, upper-middle-class neighborhoods.
Shady Oak Farms Homeowners Association represents gradual suburban diversification within an affluent context. The neighborhood shows signs of transitioning towards greater diversity, albeit at a slower pace than national averages. This evolution, coupled with rising incomes and population growth, suggests a community in transition.