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Demographics
Population
Median Income
Racial Distributions
Park Haven, a neighborhood in Waterloo, Iowa, demonstrates characteristics of a Transitional Community with a White Majority. The neighborhood has a population of 6,029 and a median income of $56,985 as of 2022. Park Haven has undergone a rapid demographic shift over the past decade, transitioning from a Low Diversity area to one with increasing racial diversity, particularly in Black and Hispanic populations.
Park Haven was categorized as Low Diversity in 2013, with the white population comprising 86% of residents. By 2022, while maintaining a White Majority (71%), the area has shifted towards a Transitional Community status. The Black population increased from 5% in 2013 to 18% in 2022. The Hispanic population grew from 1% to 5% during this period. This trend indicates a move towards greater diversity, though not yet reaching the threshold for Moderate Diversity.
As the community has become more diverse, there has been a consistent increase in median income. The median income rose from $43,651 in 2013 to $56,985 in 2022, representing a 30.5% increase over the decade. The population has also seen modest growth, increasing from 5,690 in 2013 to 6,029 in 2022, a 5.9% increase.
The demographic shifts in Park Haven reflect broader national trends of increasing diversity in suburban and urban areas. The rate of change in Park Haven appears to be more rapid than the national average. Park Haven's transition from 86% white in 2013 to 71% in 2022 represents a significant shift in a relatively short period.
The economic growth in Park Haven is noteworthy. Park Haven's rising median income suggests a positive integration of new residents into the local economy. This trend could indicate that the neighborhood is attracting skilled workers from diverse backgrounds, contributing to overall economic growth.
Park Haven exemplifies a Transitional Community that is rapidly diversifying while experiencing economic growth. This combination of demographic change and economic improvement sets Park Haven apart from many other communities undergoing similar transitions. The neighborhood's future evolution and potential move towards a Moderate Diversity classification in the coming years will be of interest.