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Demographics
Population
Median Income
Racial Distributions
Terrace Estates, a neighborhood in Oxnard, California, has transitioned from a Moderate Diversity community to a Hispanic Majority community between 2013 and 2022. The Hispanic population increased from 76% to 86% during this period. The median income in the area rose from $72,042 to $84,157, representing a 16.8% growth over the decade.
In 2013, Terrace Estates had a Hispanic population of 76%, followed by Asian (15%) and White (6%) residents. By 2022, the Hispanic population had increased to 86%. The Asian population declined from 15% in 2013 to 3% in 2022. The White population remained relatively stable, fluctuating between 4-9% throughout the decade.
The population of Terrace Estates fluctuated over the years, reaching a low of 2,151 in 2016 before increasing to 3,072 in 2022. This population growth, combined with rising median incomes, may indicate increasing attractiveness of the neighborhood.
The demographic shift in Terrace Estates aligns with broader trends seen in many California communities, where Hispanic populations have been growing. However, the extent of this shift in Terrace Estates is more pronounced than the state average. California as a whole has seen its Hispanic population grow to about 39% as of 2021, while Terrace Estates has reached 86%.
The income growth in Terrace Estates outpaces the national average. While the U.S. median household income grew by about 10% from 2013 to 2022 (adjusted for inflation), Terrace Estates saw a 16.8% increase, suggesting a more robust local economy or possibly gentrification effects.
Terrace Estates has transformed from a Moderate Diversity community to a Hispanic Majority neighborhood over the past decade, accompanied by significant income growth. These changes reflect both local dynamics and broader demographic shifts occurring across California and the United States, highlighting the evolving nature of American communities and the complex interplay between demographic change and economic development.