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Racial Composition and Economic Growth in Shea Terrace, Portsmouth
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
Shea Terrace, a neighborhood in Portsmouth, Virginia, exhibits moderate diversity with a white majority. As of 2022, the neighborhood has a population of 1,719 and a median income of $81,527. Shea Terrace has 659 housing units, indicating a small, compact community.
Over the past decade, Shea Terrace has experienced significant changes in its racial composition. In 2013, the neighborhood had a 56% white majority, which increased to 69% in 2016. From 2017 onwards, a gradual shift towards increased diversity occurred. By 2022, the white majority decreased to 55%, while the Black population increased from 27% in 2013 to 37% in 2022. The Hispanic population decreased from 13% in 2013 to 3% in 2022. Other racial groups maintained relatively stable but minimal representation.
Concurrent with demographic shifts, Shea Terrace experienced substantial economic growth. The median income rose from $50,262 in 2013 to $81,527 in 2022, representing a 62% increase over nine years. The period of highest income growth coincided with the shift towards greater racial diversity. From 2017 to 2019, as the white majority began to decrease and the Black population increased, the median income increased from $67,879 to $79,636.
The trends observed in Shea Terrace align with broader national patterns of increasing diversity in suburban areas. The substantial income growth in Shea Terrace is noteworthy and may indicate that the neighborhood is becoming increasingly attractive to middle and upper-middle-class families from diverse backgrounds.
The population growth from 1,317 in 2010 to 1,719 in 2022 supports the notion of the neighborhood's increasing appeal. This 30% population increase, coupled with rising incomes and growing diversity, suggests that Shea Terrace may be experiencing a form of inclusive development.
Shea Terrace exemplifies a community in transition, moving from a predominantly white neighborhood to one of moderate diversity with a strong economic foundation. These changes reflect broader societal shifts towards integration and economic mobility.
