Over the past decade, Southern Hills has experienced demographic shifts. The population has marginally decreased from 6,050 in 2013 to 5,971 in 2022. Despite this minor decline, the median income has increased significantly from $46,908 in 2013 to $59,513 in 2022, representing a 26.9% growth.

The racial composition of Southern Hills has remained predominantly white, with an increase from 89% in 2013 to 95% in 2022. There has been a small increase in Asian residents (from 0% to 2%) and a slight decrease in Black residents (from 3% to 1%) over this period.

The absence of new LIHTC projects in the last decade may be attributed to the rising median income in the neighborhood, potentially reducing the perceived need for additional low-income housing. However, other affordable housing programs not captured in this data might be addressing any ongoing needs.

Southern Hills neighborhood in Springfield, Missouri, has a moderate LIHTC funded affordable housing inventory, covering about 9.4% of the estimated housing stock. The neighborhood saw its LIHTC projects developed in the 1990s, with no new projects in the last two decades. While the population has slightly decreased, the median income has significantly increased over the past decade. The racial composition has remained predominantly white, with minor shifts in other racial groups. These demographic trends, particularly the rising median income, may have influenced the lack of new LIHTC developments in recent years. A comprehensive assessment of affordable housing needs would require consideration of other housing programs and broader economic factors beyond the scope of this analysis.