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Demographic Trends in Homestead Park: White Majority with Increasing Diversity
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
Loading Content...
Demographics
Population
Median Income
Racial Distributions
Homestead Park, a neighborhood in Arvada, Colorado, is characterized as a White Majority community with Moderate Diversity. As of 2022, the white population comprises 71% of residents, with a Hispanic presence of 23%. The neighborhood's median income is $60,392 in 2022. Homestead Park has experienced fluctuations in population over the past decade.
Over the past decade, Homestead Park has maintained its status as a White Majority community. The Hispanic population has fluctuated between 20-27% over the years. By 2021-2022, there is an increase in the "Two or More Races" category (3%). Asian and Black populations have maintained a small but consistent presence (1-2% each) throughout the decade.
The median income in Homestead Park has shown fluctuations. The highest median income of $64,245 was recorded in 2013. A significant drop to $56,742 occurred in 2017. From 2019 to 2022, incomes have stabilized around $60,000-$64,000.
The neighborhood has experienced significant population fluctuations. The population reached a peak of 2,531 in 2015. By 2022, the population decreased to 1,760, while median income remained relatively stable.
Homestead Park's demographic trends align with broader national patterns of increasing diversity in suburban areas. The stable Hispanic population and emerging multiracial presence reflect nationwide trends of growing minority populations in previously predominantly white communities.
The income fluctuations and recent stabilization might mirror broader economic trends, such as recovery from the 2008 financial crisis and subsequent economic growth. The recent population decline contrasts with the growth seen in many suburban areas nationwide, suggesting local factors at play.
Homestead Park represents a White Majority community with increasing elements of diversity. Its economic and demographic trends over the past decade reflect a neighborhood in transition, balancing traditional population dynamics with emerging diversity. These changes likely impact local community dynamics, potentially influencing local businesses, school demographics, and community services to adapt to a changing resident profile.
