Barcly Gardens has experienced demographic shifts over the past decade. The population has fluctuated, reaching a peak of 3,865 in 2020 before decreasing to 3,264 in 2022. Median income has shown an overall upward trend, rising from $42,838 in 2017 to $52,003 in 2022, potentially indicating changing economic conditions in the neighborhood.

Racial diversity in Barcly Gardens has increased over the last decade. The percentage of white residents decreased from 83% in 2013 to 71% in 2022. Concurrently, there has been growth in the Asian population (from 5% to 16%) and the Hispanic population (from 0% to 9%). This increased diversity may suggest changing housing needs in the neighborhood.

No new LIHTC projects have been reported in Barcly Gardens since 1994. The demographic changes, particularly the rising median income, might partially explain why additional low-income housing projects have not been developed in recent years. However, the growing diversity and population fluctuations could potentially indicate evolving housing needs that might warrant future consideration.

Barcly Gardens has a foundation of affordable housing established through LIHTC projects in the late 1980s and early 1990s. These projects provide 35 units, primarily consisting of one and two-bedroom apartments, which serve a portion of the neighborhood's housing needs. While the LIHTC-funded units represent a small percentage of the estimated housing inventory, they contribute to the neighborhood's housing diversity. The demographic trends over the past decade, including rising median income and increasing racial diversity, provide context for understanding the current affordable housing landscape in Barcly Gardens and may inform future housing policy decisions.