As of 2022, the population density is 2,039.1 people per square mile, indicating a suburban character with a combination of single-family homes and potentially some multi-unit dwellings. The area likely includes both residential and commercial spaces.

The estimated number of housing units in 2022, based on the national average household size, is approximately 3,016, indicating a substantial residential presence in the neighborhood.

The neighborhood's proximity to Texas Tech University may influence its demographic composition, potentially attracting students, faculty, and university staff. Population fluctuations might be partially attributed to changes in university enrollment or off-campus housing policies.

The suburban density suggests a balance between urban conveniences and spaciousness. Residents likely have access to local amenities, fostering a community-centric environment. The nearby university may contribute to a dynamic cultural scene.

In conclusion, the Parkway and Cherry Point neighborhood has undergone significant demographic changes, transitioning from growth to population decline. This shift may indicate evolving urban dynamics in Lubbock, potentially influenced by broader economic or social factors. The area's suburban character and university proximity continue to shape its identity within Lubbock's urban landscape.