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Population Dynamics of Oakview Terrace, Charlotte: A Decadal Analysis (2010-2022)
CATEGORY
Demographics
DATA
Population
Population Density
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Demographics
Population
Population Density
Oakview Terrace, a neighborhood in Charlotte, North Carolina, exhibited significant population fluctuations from 2010 to 2022. The data indicates patterns of growth and decline with notable year-to-year variations.
In 2010, the population was 963, with a density of 2,106.75 people per square mile. A sharp decline occurred in 2011, reducing the population to 779 residents. Subsequently, a general upward trend began. The most substantial increase happened between 2015 and 2016, with the population rising from 1,160 to 1,424, reaching the peak for the observed period. This increase resulted in a population density of 3,115.28 people per square mile.
The growth was not maintained in subsequent years. A significant decrease occurred in 2019, with the population dropping to 773 residents. As of 2022, the population stabilized at 968, with a density of 2,117.69 people per square mile.
These fluctuations suggest a dynamic neighborhood that has likely experienced significant changes in housing availability, local amenities, or economic conditions. The current population density indicates a suburban character, potentially comprising a mix of single-family homes and multi-unit dwellings.
Given Charlotte's status as a growing financial center, Oakview Terrace may be influenced by the city's economic trends. The neighborhood's moderate density and proximity to urban amenities may appeal to professionals and families seeking a combination of city access and suburban living.
It is notable that despite the fluctuations, the 2022 population closely resembles the 2010 figure, suggesting a return to equilibrium in the neighborhood's demographic composition. This recent stability could indicate that Oakview Terrace has reached a sustainable population level aligned with its current infrastructure and community dynamics.
The estimated 371 housing units for the 2022 population, based on the national average household size, supports the characterization of a predominantly residential area with diverse housing types. This composition likely contributes to a community-oriented environment with local amenities typical of suburban neighborhoods in growing metropolitan areas.
