The neighborhood's population has fluctuated between approximately 1,600 and 2,100 residents over the past decade. The median income has shown significant variability, decreasing from $51,492 in 2013 to $18,230 in 2015, then gradually increasing to $33,416 by 2022. This income volatility indicates an ongoing need for affordable housing in the area.

The racial composition of the neighborhood has remained predominantly Black, consistently exceeding 90% throughout the last decade. The completion of the Northwood Village Apartments in 2015 coincides with a period of lower median income, suggesting a timely response to the community's housing needs.

The Berwood Drive - Azalea Circle neighborhood's LIHTC-funded affordable housing inventory, while modest in size, plays a crucial role in addressing local housing needs. The Northwood Village Apartments, with its focus on veterans, represents a significant contribution to the area's affordable housing stock. Despite representing a small percentage of the estimated housing inventory, these LIHTC-funded units are particularly important given the neighborhood's fluctuating median income over the past decade. The consistent racial composition and varying economic conditions underscore the ongoing importance of affordable housing initiatives in this community.