Bevo Mill has experienced demographic changes over the past decade. The population decreased from 13,000 in 2015 to 11,669 in 2022. Despite this decline, the median income increased from $39,771 in 2015 to $45,317 in 2022, suggesting an improvement in economic conditions for some residents.

Racial demographics in Bevo Mill have shifted. The white population decreased from 69% in 2015 to 56% in 2022. The Black population increased from 15% to 26% during the same period. The Asian population also increased slightly from 3% to 6%. These changes indicate growing diversity in the neighborhood.

No new LIHTC projects have been built in Bevo Mill in the last decade. However, the changing demographics and increasing median income may indicate evolving housing needs in the neighborhood. The existing affordable housing stock continues to play an important role in providing housing options for lower-income residents amidst these changes.

Bevo Mill's affordable housing landscape is characterized by 337 LIHTC funded units, primarily consisting of one-bedroom apartments. Two major LIHTC projects were completed between 1996 and 2002, with Bavarian Towers/Bevo Place being the largest development. The neighborhood has experienced a slight population decrease, increased median income, and greater racial diversity in recent years. These demographic shifts may influence future affordable housing needs in Bevo Mill, necessitating continued monitoring and assessment of the current affordable housing stock.