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Demographics
Population
Median Income
Racial Distributions
Ginter Park Terrace, located in Richmond, Virginia, is currently categorized as a "Moderate Diversity" neighborhood with a Black Plurality. As of 2022, the community has a population of 388 and a median income of $64,362. Ginter Park Terrace has undergone significant demographic changes over the past decade, transitioning from a predominantly Black neighborhood to one with increasing racial diversity.
In 2013, Ginter Park Terrace was classified as having "Low Diversity" with a clear "Racial Majority" of Black residents (80%). Over the next decade, the neighborhood experienced a steady decline in its Black population and a corresponding increase in other racial groups, particularly White residents. By 2019, the neighborhood had transitioned to a "Moderate Diversity" status, with the Black population decreasing to 63% and the White population increasing to 27%. This trend continued, and by 2022, the neighborhood no longer had a racial majority. Instead, it became a "Black Plurality" community, with Black residents making up 41% of the population, followed closely by White residents at 44%.
The neighborhood has also seen growth in other racial categories, particularly in the "Two or More Races" category, which increased from 2% in 2013 to 9% in 2022. This shift indicates that Ginter Park Terrace can be classified as a "Transitional Community," showing a clear trend towards increasing diversity over the past decade.
The demographic shifts in Ginter Park Terrace have been accompanied by fluctuations in median income. In 2013, the median income was $62,850, but it dropped significantly to $39,857 in 2015. This period coincided with the early stages of racial diversification in the neighborhood. As the community became more diverse, median income began to rise again. By 2019, it had surpassed the 2013 level, reaching $64,472. This upward trend continued, with the median income peaking at $66,876 in 2021 before slightly decreasing to $64,362 in 2022.
The overall population of the neighborhood has remained relatively stable, fluctuating between 341 and 407 residents over the decade. This suggests that the demographic changes are likely due to a combination of existing residents moving out and new residents moving in, rather than a significant influx of new inhabitants.
The demographic shifts observed in Ginter Park Terrace align with broader trends seen in many urban areas across the United States. Many cities have experienced increased racial diversification, often accompanied by gentrification processes that can lead to changes in neighborhood composition and economic status. The rise in median income, particularly as the neighborhood became more diverse, could be indicative of this gentrification process. However, the income levels have remained relatively stable in recent years, suggesting that the neighborhood may have reached a new equilibrium.
The growth in the "Two or More Races" category is also consistent with national trends, as multiracial identities become more common and accepted in American society. Ginter Park Terrace exemplifies the dynamic nature of urban demographics in the United States. Its transition from a predominantly Black neighborhood to a more diverse community with a Black plurality reflects broader social changes and urban development patterns. The economic fluctuations accompanying these demographic shifts highlight the complex interplay between racial composition and economic factors in evolving urban neighborhoods.