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Demographic Transformation of Olive Tree Neighborhood: Hispanic Plurality and Increasing Black Population
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
Loading Content...
Demographics
Population
Median Income
Racial Distributions
The Olive Tree neighborhood in Greenacres, Florida, is categorized as a Majority-Minority community with a Hispanic plurality as of 2022. The neighborhood exhibits moderate diversity, with Hispanic residents comprising 46% of the population, Black residents 35%, and White residents 15%. The median income in 2022 was $58,730. Olive Tree has experienced significant demographic shifts over the past decade, reflecting broader trends of increasing diversity in many urban areas across Florida.
In 2013, Olive Tree was characterized as a Majority-Minority community with a Hispanic plurality (47%). From 2013 to 2017, the community maintained a Majority-Minority status but saw a decrease in the Hispanic population (from 47% to 27%) and an increase in the White population (from 38% to 44%). From 2018 to 2020, the neighborhood began shifting back towards a stronger Hispanic presence, with the Hispanic population increasing from 37% to 46%, while the White population decreased from 35% to 23%. In 2021-2022, the trend continued, solidifying the Hispanic plurality (46%) and seeing a significant increase in the Black population (from 27% to 35%), while the White population decreased to 15%.
The median income in Olive Tree has fluctuated over the decade. From 2013 to 2019, median income remained relatively stable, ranging from $51,512 to $59,404. In 2020-2021, a dramatic rise in median income occurred, peaking at $91,755 in 2021. In 2022, the median income adjusted downward to $58,730, closer to historical levels.
The economic shifts correlate with demographic changes. The period of income stability (2013-2019) coincided with moderate diversity and demographic flux. The sharp income increase in 2020-2021 occurred as the Hispanic population grew and the community transitioned to a stronger Majority-Minority status. The 2022 correction in income aligns with the solidification of the Hispanic plurality and increased Black population.
The demographic shifts in Olive Tree reflect broader trends seen in many Florida urban areas, where Hispanic and Black populations have been growing. The sharp increase in median income in 2020-2021 could be related to broader economic trends during the COVID-19 pandemic, such as shifts in housing markets or changes in employment patterns.
The neighborhood's transition to a stronger Majority-Minority status with a growing Hispanic plurality aligns with statewide demographic trends in Florida, where the Hispanic population has been steadily increasing. The significant growth in the Black population from 2021 to 2022 (27% to 35%) may indicate unique local factors influencing migration or settlement patterns in Olive Tree.
Olive Tree presents a picture of a neighborhood in transition, both demographically and economically. These changes have implications for local culture, community services, and economic development strategies in the area.
