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Demographic Trends in Castlewood Park: Racial Composition and Income Changes from 2013 to 2022
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
Loading Content...
Demographics
Population
Median Income
Racial Distributions
Castlewood Park in Lexington-Fayette, Kentucky, exhibited a "White Majority" demographic composition in 2022, with 71% of the population identifying as white. The neighborhood experienced economic growth over the past decade, with median income increasing from $31,822 in 2013 to $37,878 in 2022. Castlewood Park, established in the early 20th century, has been a focal point for community activities and recreation in Lexington for many years.
Over the past decade, Castlewood Park maintained its status as a "White Majority" community, but with changes in its racial composition. In 2013, the neighborhood had "Moderate Diversity," with representation from Black (17%) and Hispanic (13%) populations alongside the white majority (67%). By 2022, the community transitioned towards "Low Diversity," with the white population increasing to 71% and other racial groups experiencing declines.
The Black population decreased from 17% in 2013 to 9% in 2022, while the Hispanic population remained relatively stable, moving from 13% to 12%. The "Two or More Races" category increased from 2% to 8% over this period, suggesting a trend towards more mixed-race households or individuals identifying with multiple racial backgrounds.
The demographic shifts in Castlewood Park correlate with changes in median income. From 2013 to 2022, the median income increased from $31,822 to $37,878, representing a 19% growth. This economic improvement coincided with the increase in the white population percentage and the decrease in minority populations, particularly the Black community.
The median income peaked in 2021 at $45,570 before declining in 2022. The population of Castlewood Park remained relatively stable over the decade, with a slight decrease from 3,473 in 2013 to 3,465 in 2022. This stability in population, coupled with increasing median income and shifting racial demographics, suggests a possible gentrification process or changing neighborhood dynamics.
The demographic shifts observed in Castlewood Park align with broader national trends of increasing racial and ethnic diversity in many urban areas. However, the neighborhood's trend towards "Low Diversity" contrasts with the national movement towards greater diversity in many cities. This could indicate that Castlewood Park is experiencing localized factors influencing its demographic composition.
The economic growth in Castlewood Park may not have been equally distributed across all racial groups. This trend mirrors national concerns about income inequality and its intersection with race. The increase in the "Two or More Races" category is consistent with national trends, as more Americans are identifying as multiracial.
Castlewood Park has undergone significant demographic and economic changes over the past decade, transitioning from a moderately diverse community to one with lower diversity but higher median income. These shifts reflect complex interplays between race, economics, and community development, and may have implications for social cohesion, local policies, and the future direction of the neighborhood.
