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Demographic Transitions in Krank Park - Cherry Hill: From Black Majority to Moderate Diversity
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
The Krank Park - Cherry Hill neighborhood in Albany, New York, has undergone significant demographic changes from 2013 to 2022. In 2013, the area was characterized by a Black Majority, with 49% of the population identifying as Black. This majority increased to 68% by 2016. However, from 2017 onwards, the community began transitioning towards greater diversity.
By 2020, the neighborhood had shifted to a Majority-Minority status, with no single racial group constituting over 50% of the population. The Black population decreased to 23%, while the White population increased to 34%, and residents identifying as two or more races rose to 21%. This trend towards increased diversity continued through 2022, with the Black population rebounding slightly to 35%, maintaining its status as the largest single racial group.
The demographic shifts correlate with changes in median income. From 2013 to 2019, median income fluctuated between $24,355 and $29,452, coinciding with the period of Black Majority. The transition to greater diversity from 2020 onwards aligns with a significant increase in median income, rising to $47,846 in 2020 and maintaining a similar level in 2022 at $47,810. This suggests a potential link between the influx of diverse populations and economic development in the area.
Population figures in Krank Park - Cherry Hill show volatility, peaking at 539 in 2014 and reaching a low of 336 in 2019. The recent upward trend in population (403 in 2022) coincides with the shift towards greater diversity and higher median incomes.
The trend towards increased diversity in Krank Park - Cherry Hill reflects broader national patterns of growing diversity in urban areas. The rapid nature of this change, particularly the sharp decrease in the Black population percentage, may indicate localized factors such as gentrification or targeted development efforts.
The significant increase in median income between 2019 and 2020 (from $27,360 to $47,846) exceeds typical year-over-year growth rates seen nationally. This could suggest a rapid influx of higher-income residents or substantial economic development initiatives in the area.
The neighborhood's transition from a predominantly Black community to one of Moderate Diversity with a Black Plurality reflects broader trends of changing urban demographics across the United States. The speed and extent of these changes in Krank Park - Cherry Hill suggest that local factors, such as urban renewal projects or changes in housing policies, may have played a significant role in reshaping the community's demographic and economic landscape.
