The population of Chappell is diverse and reflects a variety of racial backgrounds. The average family income in Chappell is $157,240. Compared to the national average of $147,057, residents in Chappell are relatively well off. Despite the low average household income, the area has a mix of rich and poor residents. Here are some interesting statistics about Chappell.
During the 1960s, this neighborhood was a vibrant and stable place for commerce. As suburbanization swept in, the population and property values fell. Low-rent businesses began to replace longtime business establishments. This trend continued and the area began to degenerate. In the 1990s, the local economy deteriorated and property values started to decline. This decline was exacerbated by the recent shift toward in-town living.