The median income in University Park has shown fluctuations over the years, but overall, it has remained relatively stable. In 2013, the median income was $35,752, and it decreased to $29,948 by 2022. This represents a decline of about 16% over the decade. There was a notable spike in median income in 2021 to $36,415, followed by a sharp decline in 2022.

The population has remained relatively stable, fluctuating between about 1,200 and 1,600 residents throughout the decade. This stability in population, combined with the consistent racial makeup, suggests a community with limited in-migration or out-migration.

The persistent Low Diversity and stable Black Majority in University Park contrast with trends in many urban areas across the United States, which have often seen increasing diversity over the past decade. This stability might indicate strong community bonds, cultural significance, or historical factors that have maintained the neighborhood's demographic composition.

The economic challenges suggested by the overall decline in median income over the decade align with national trends of widening income inequality and stagnating wages for many working-class communities.

The proximity to the University of North Carolina at Charlotte could be a significant factor in the neighborhood's dynamics. Universities often bring economic opportunities but can also contribute to gentrification pressures. The fact that University Park has maintained its demographic stability despite this proximity is noteworthy.

University Park presents a picture of demographic stability amid some economic challenges. Its consistent Black Majority status and Low Diversity classification over the past decade suggest a deeply rooted community identity. However, the fluctuations in median income, particularly the decline from 2013 to 2022, indicate that the neighborhood may be facing economic pressures.