Loading Content...
Demographic Trends in Bank Street Neighborhood, Fall River: Population Decline and Density Analysis (2010-2022)
CATEGORY
Demographics
DATA
Population
Population Density
Loading Content...
Demographics
Population
Population Density
The Bank Street neighborhood in Fall River, Massachusetts, experienced a significant population decrease from 2010 to 2022. The population declined from 5,124 residents in 2010 to 3,482 in 2022, a reduction of approximately 32%.
The neighborhood maintains a high population density of 16,274.56 people per square mile as of 2022. This density indicates a compact urban environment, likely characterized by multi-story residential structures.
Population trends show fluctuations, with the most substantial decrease occurring between 2010 and 2011, showing a 13% reduction. A slight recovery was observed in 2012, followed by a continued downward trend. From 2020 to 2022, a minor population increase was noted.
The high population density, despite overall population decrease, suggests Bank Street remains an attractive urban location. This may be due to its proximity to downtown Fall River, providing access to employment, cultural amenities, and urban conveniences.
Fall River's industrial history, particularly in textile manufacturing, may influence the area's characteristics. The city's revitalization efforts could potentially impact the Bank Street neighborhood, possibly contributing to the recent slight population increase.
Based on the 2022 population, an estimated 1,334 housing units exist in the area, calculated using the national average household size. This suggests a predominance of multi-family housing, consistent with the neighborhood's urban nature.
In summary, Bank Street represents a dense urban neighborhood that has faced population decline but shows signs of potential stabilization. The recent minor population increase may indicate renewed interest in urban living in this area of Fall River.
