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Population Dynamics of Krank Park - Cherry Hill Neighborhood, Albany, NY: 2010-2022
CATEGORY
Demographics
DATA
Population
Population Density
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Demographics
Population
Population Density
The Krank Park - Cherry Hill neighborhood in Albany, New York, experienced population fluctuations from 2010 to 2022. The population peaked at 539 residents in 2014, followed by a decline to 336 in 2019, with a subsequent increase to 403 by 2022.
The neighborhood exhibits characteristics of a dense suburban area, with a population density of 4,545.68 people per square mile in 2022. This density suggests a mix of housing types. The estimated 154 housing units for the 2022 population, based on the national average household size, supports this housing mix.
Demographic shifts in the area could be attributed to factors such as changing economic conditions, urban development initiatives, or shifts in housing preferences. The population increase since 2019 might indicate renewed interest in the neighborhood, possibly due to urban revitalization efforts or changes in the local job market.
The neighborhood's location within Albany likely provides residents with access to urban amenities while maintaining a suburban feel. The proximity to Cherry Hill, a historic site in Albany, adds a cultural dimension to the area. This combination of historical significance and urban convenience could be a factor in attracting new residents in recent years.
The fluctuating population trends suggest a dynamic neighborhood that has faced challenges but shows signs of resilience. The recent population growth, while modest, might indicate improving neighborhood conditions or increased attractiveness to new residents. However, the current population remains below the peak levels seen in the early 2010s, suggesting ongoing factors influencing residential patterns in the area.
Krank Park - Cherry Hill appears to be a neighborhood in transition, balancing suburban density with urban proximity, and potentially using its historical assets to maintain and grow its residential base. Future years will be significant in determining whether the recent positive population trend continues and its implications for the neighborhood's character and development.
