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Demographic Shifts in the Reserve at Lake Mary: From Low to Moderate Diversity
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
The Reserve at Lake Mary in Lake Mary, Florida, transitioned from a "Low Diversity" to a "Moderate Diversity" community between 2013 and 2022. The neighborhood's population was 1,631 with a median income of $114,072 in 2022, indicating an affluent area within Lake Mary. The Reserve at Lake Mary is characterized by upscale residential developments and its proximity to Orlando's technology corridor.
From 2013 to 2022, the Reserve at Lake Mary experienced significant changes in its racial composition. The white population decreased from 84% to 46%, while the black population increased from 2% to 26%. The Asian population grew from 4% to 12%, and the Hispanic population fluctuated between 6% and 26%. These shifts resulted in the community evolving from a "White Majority" area to one without a single racial group constituting a majority.
Economic trends during this period showed notable changes. The median income increased from $78,103 in 2013 to a peak of $132,506 in 2018, before stabilizing around $114,000 by 2022. The population fluctuated, with notable increases in 2016-2018 and again in 2022. The initial increase in diversity coincided with rising median incomes, suggesting the area attracted affluent professionals from various racial backgrounds.
The demographic changes in the Reserve at Lake Mary align with broader trends observed in many suburban areas near major cities, particularly those with strong tech sectors. The increase in diversity is consistent with national trends of suburbs becoming more racially and ethnically diverse. The median income in this neighborhood remains significantly higher than the national average, indicating it is still an affluent area despite some fluctuations.
The rapid diversification of this high-income neighborhood is noteworthy, suggesting a breakdown of traditional patterns of racial segregation in wealthy suburbs. The community's evolution from "Low Diversity" to "Moderate Diversity" in less than a decade occurred faster than typical national trends, possibly influenced by its proximity to Orlando's technology hub and broader demographic shifts in Florida.
In conclusion, the Reserve at Lake Mary underwent a rapid and significant demographic transformation over the past decade, evolving from a predominantly white, low-diversity area to a moderately diverse, multicultural community. This change, coupled with consistently high median incomes, indicates a dynamic and evolving neighborhood that may continue to attract a diverse range of affluent residents in the future.
