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Demographics
Population
Median Income
Racial Distributions
Holly Avenue, a neighborhood in Winston-Salem, North Carolina, currently exhibits characteristics of Low Diversity with a White Majority. As of 2022, the neighborhood has a population of 382 residents and a median income of $54,465. Holly Avenue is known for its historic district status, featuring well-preserved late 19th and early 20th-century residential architecture, which likely influences its demographic and economic profile.
Over the past decade, Holly Avenue has undergone a significant transformation in its racial composition. In 2013, the neighborhood could be categorized as having Moderate Diversity, with a White Plurality (54%) and a significant Black population (36%). However, by 2022, the area transitioned to a Low Diversity, White Majority community (80% white).
This shift appears to have occurred gradually but accelerated around 2020. The most dramatic change was in the Black population, which decreased from 25% in 2019 to 11% in 2020, remaining stable at that level through 2022. This rapid change suggests a potential Transitional Community phase between 2019 and 2020.
The demographic shifts correlate with changes in median income. From 2013 to 2022, the median income increased from $38,931 to $54,465, a rise of about 40%. This increase suggests gentrification may have played a role in the neighborhood's transformation.
The population grew steadily from 269 in 2010 to 420 in 2019, before experiencing a sharp decline to 336 in 2020, coinciding with the significant racial composition change. Since then, the population has begun to recover, reaching 382 in 2022.
The trends observed in Holly Avenue align with broader patterns of gentrification seen in many historic urban neighborhoods across the United States. The rapid increase in the white population and median income, coupled with a decrease in minority residents, particularly African Americans, is characteristic of such processes.
Many cities have experienced similar demographic shifts in centrally located, historically significant neighborhoods. This trend often results from renewed interest in urban living among higher-income individuals, often leading to the displacement of long-term, lower-income residents.
The sharp demographic change in 2020 coincides with the onset of the COVID-19 pandemic, which had varying impacts on different communities. It is possible that this external factor accelerated existing trends or introduced new dynamics to the neighborhood's evolution.
Holly Avenue has transitioned from a moderately diverse neighborhood to one with low diversity and a strong white majority over the past decade. This change has been accompanied by significant increases in median income and fluctuations in population. These trends reflect broader patterns of urban gentrification and demographic change seen in many U.S. cities, particularly in historic districts close to city centers.