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Demographics
Population
Median Income
Racial Distributions
Stanford Estates, a neighborhood in Nashville, Tennessee, exhibits a demographic profile characterized as a "White Majority" community with an evolving population composition. As of 2022, the neighborhood has 1,923 residents and a median income of $64,331. The area has experienced a significant shift towards increased diversity over the past decade, particularly with a growing Asian population.
In 2013, Stanford Estates was classified as "Low Diversity" with a predominantly white population (91%). By 2022, the neighborhood transitioned to a "White Majority" status with increasing diversity. The white population decreased to 74%, while other racial groups, notably Asian and Hispanic populations, experienced substantial growth. The Asian population increased from 0% in 2013 to 11% in 2022, indicating a transition towards "Moderate Diversity." The black population remained relatively stable, ranging between 5-12% over the years.
The demographic shifts correlate with changes in median income. From 2013 to 2022, the median income increased from $50,869 to $64,331, representing a 26.5% increase. This economic growth coincides with the influx of Asian residents. The population grew from 1,444 in 2013 to 1,923 in 2022, a 33% increase. These trends suggest that Stanford Estates is becoming an increasingly attractive neighborhood for various ethnic groups, particularly Asian Americans.
The trends observed in Stanford Estates align with broader patterns seen in many American suburbs, where historically predominantly white areas are becoming more diverse. The rapid growth of the Asian population mirrors national trends of Asian Americans moving to suburban areas, often driven by factors such as education opportunities and job prospects.
The income growth in Stanford Estates (26.5% over 9 years) outpaces the national average, which saw about a 15% increase in median household income from 2013 to 2022. This above-average income growth, coupled with increasing diversity, indicates that Stanford Estates is experiencing a period of economic vitality and demographic dynamism.
Stanford Estates is undergoing a significant demographic transition, moving from a low-diversity, predominantly white neighborhood to one with increasing racial diversity, particularly with growth in Asian and Hispanic populations. This shift is accompanied by notable economic growth, positioning Stanford Estates as a dynamic and evolving community within the broader Nashville metropolitan area.