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Sharon Woods: A Predominantly White Neighborhood in Charlotte with Minor Demographic Fluctuations
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
Sharon Woods, a neighborhood in Charlotte, North Carolina, exhibits characteristics of Low Diversity, with a White Majority comprising 86% of the population as of 2022. The area has a median income of $110,490, which is above the national average. Sharon Woods is an affluent neighborhood with tree-lined streets and well-maintained homes.
Over the past decade, Sharon Woods has maintained its status as a White Majority community. In 2013, the neighborhood was categorized as Low Diversity with 88% white population. From 2017 to 2020, there was a slight trend towards Moderate Diversity, with the white population decreasing to 82% and other racial groups, particularly Asian and Black populations, increasing. By 2022, the community reverted to Low Diversity status, with the white population rising back to 86%.
The economic trajectory of Sharon Woods has been upward. Median income rose from $86,003 in 2013 to $110,490 in 2022, a 28.5% increase. This economic growth coincided with a period of slightly increased diversity (2017-2020). The population peaked in 2017 at 4,939 residents, coinciding with the period of highest diversity, before declining to 4,534 by 2022.
Sharon Woods has maintained its status as a predominantly white, affluent neighborhood. Its subtle shifts towards diversity align with broader national trends of increasing diversity in suburban areas. However, the neighborhood's resistance to significant demographic change and its high median income suggest it may be less affected by these trends than other suburban areas.
The slight increase in diversity from 2017-2020, followed by a reversion to lower diversity, could indicate a temporary influx of diverse, high-income professionals during a period of economic growth. It may also suggest possible gentrification pressures in surrounding areas pushing some diversity into this high-income neighborhood before economic factors led to a reversal.
In conclusion, while Sharon Woods has experienced minor fluctuations in its demographic makeup, it remains a stable, affluent, predominantly white neighborhood. The correlation between periods of slightly increased diversity and economic growth suggests that any future diversification may be linked to continued economic prosperity in the area.
