Avondale's population has fluctuated over the past decade, showing a slight overall decrease from 4,500 in 2014 to 4,304 in 2022. During this period, the median income has demonstrated an upward trend, increasing from $31,383 in 2014 to $38,842 in 2022, indicating a gradual improvement in the economic conditions of the neighborhood's residents.

The racial composition of Avondale has experienced some changes in the last decade. The Asian population has remained the largest group, though it has fluctuated, decreasing from 52% in 2014 to 51% in 2022. The Hispanic population has shown a slight decrease from 32% in 2014 to 32% in 2022, after reaching a peak of 42% in 2020. The White population has remained relatively stable, increasing slightly from 10% in 2014 to 11% in 2022. The Black population has seen a small increase from 0% in 2014 to 4% in 2022.

These demographic changes, particularly the rise in median income, may suggest a reduced need for additional LIHTC projects in recent years. However, the existing LIHTC units continue to play a crucial role in providing affordable housing options for the community.

Avondale's LIHTC-funded affordable housing, primarily represented by the Cascade Apartments, provides an important housing resource for the neighborhood. While the LIHTC units cover a relatively small percentage of the estimated housing inventory, they offer valuable affordable options, particularly for smaller households. The neighborhood has experienced moderate demographic shifts over the past decade, including a slight population decrease and an increase in median income. These changes, along with the stable presence of LIHTC housing since 2002, reflect the evolving nature of Avondale's housing needs and the ongoing importance of affordable housing initiatives in the community.