Beacon Hills has experienced significant demographic changes over the past decade. The population increased from 668 in 2014 to 1,378 in 2022, a 106% growth. This population increase may have contributed to the need for additional affordable housing, as evidenced by the completion of "The Colonnades At Beacon Hill" in 2018.

Median income in the neighborhood has fluctuated, rising from $27,704 in 2014 to $36,669 in 2022, with a notable peak of $64,053 in 2021. Despite this overall increase, the median income remains relatively low, indicating an ongoing need for affordable housing options.

Racial demographics have also shifted. The Black population percentage decreased from 70% in 2014 to 47% in 2022, while the White population increased from 16% to 28% during the same period. The Hispanic population grew from 9% to 13%. These changes in racial composition coincide with the development of new LIHTC-funded housing, possibly reflecting changing neighborhood dynamics and housing needs.

Beacon Hills demonstrates a modest but significant presence of LIHTC-funded affordable housing, covering about 5.1% of the estimated housing inventory. The neighborhood has seen long-term investment in affordable housing, with projects spanning from 1990 to 2018. The most substantial addition to the affordable housing stock occurred in the 2010s, aligning with significant population growth and demographic shifts. The rapid population growth and fluctuating median income suggest an ongoing need for affordable housing solutions in Beacon Hills.