The demographic shifts in Cleveland Park have been accompanied by economic changes. The median income has increased, rising from $50,193 in 2013 to $71,369 in 2022, a 42% increase over nine years. This income growth correlates with the increasing white population and decreasing Black population, suggesting a pattern of gentrification.

The population has remained relatively stable during this period, fluctuating between 2,500 and 2,800 residents. This stability in population numbers, combined with the shifts in racial composition and income levels, suggests a replacement of lower-income residents with higher-income newcomers rather than a significant influx of new residents.

The changes observed in Cleveland Park mirror trends seen in many urban neighborhoods across the United States, particularly in rapidly growing cities like Nashville. The process of gentrification, characterized by an influx of wealthier, often white residents into historically minority neighborhoods, has been a common phenomenon in many American cities over the past two decades.

Nashville has experienced population growth and economic development in recent years, which has put pressure on many of its neighborhoods. The changes in Cleveland Park are likely part of this larger trend, as the city's overall prosperity and attractiveness to new residents have led to transformations in many of its historic neighborhoods.

The increase in median income in Cleveland Park outpaces national trends. While the U.S. median household income grew by about 10% between 2013 and 2022 (adjusted for inflation), Cleveland Park saw a 42% increase, indicating a more dramatic economic shift than the national average.

Cleveland Park has undergone a demographic and economic transformation over the past decade, transitioning from a predominantly Black, lower-income neighborhood to a more diverse, higher-income area with a white plurality. These changes reflect broader urban trends of gentrification and demographic shifts, particularly in rapidly growing cities like Nashville. The neighborhood's evolution presents both opportunities and challenges, potentially bringing increased investment and economic activity while also raising concerns about displacement and community cohesion.