Over the past decade, the Paul A. Diggs neighborhood has experienced fluctuations in its demographic composition. The population has varied, ranging from approximately 2,000 to 2,800 residents between 2013 and 2022. The median income has also fluctuated, with a general downward trend from $25,188 in 2013 to $20,447 in 2022, indicating an ongoing need for affordable housing options.

The neighborhood has consistently maintained a predominantly Black population, ranging from 73% to 89% over the past decade. There has been a slight increase in diversity, with small increases in the Hispanic population and those identifying as two or more races or other.

The Paul A. Diggs neighborhood in Lakeland, Florida, demonstrates a significant presence of LIHTC funded affordable housing, comprising approximately 30.6% of the estimated housing inventory. The affordable housing stock, developed in the early 2000s, offers a range of unit sizes to accommodate diverse household needs. The neighborhood's demographic trends, including a fluctuating but generally decreasing median income, suggest an ongoing need for affordable housing options. The LIHTC program has played a crucial role in providing these housing opportunities in the Paul A. Diggs neighborhood over the past two decades.