Bernal Heights has experienced demographic shifts over the past decade. The population decreased slightly from 27,156 in 2015 to 26,233 in 2022. The median income increased from $129,847 in 2015 to $144,044 in 2022, peaking at $160,585 in 2021. Racial demographics have also changed. The white population decreased from 44% in 2015 to 40% in 2022. The Asian population remained stable at 17-19%. The Hispanic population increased slightly from 30% to 31%. The black population remained consistent at 3-4%.

The completion of two LIHTC projects in 2019 (1296 Shotwell Senior Housing and Alemany) coincides with the period of rising median incomes. This suggests a proactive approach to maintaining affordable housing options in an increasingly expensive neighborhood.

Bernal Heights' LIHTC funded affordable housing inventory represents about 4.17% of the estimated housing stock. The neighborhood has seen consistent investment in affordable housing over three decades. While the percentage of affordable housing is below ideal targets, the diverse unit types and continued investment demonstrate ongoing efforts to address affordable housing needs. The recent projects completed in 2019 are notable, as they coincide with rising median incomes in the neighborhood, helping to maintain housing accessibility for lower-income residents in an evolving economic landscape.