Blowing Rock's population has decreased from 4,995 in 2018 to 4,400 in 2022. Despite this population decline, the median income has increased from $51,975 in 2018 to $61,997 in 2022, indicating a potential shift in the town's economic landscape.

The racial distribution in Blowing Rock has remained relatively stable. The white population has decreased slightly from 96% in 2018 to 91% in 2022. There has been a small increase in diversity, with slight growth in Black, Hispanic, and Native American populations.

These demographic trends suggest that while the town's population has decreased slightly, the overall economic situation of residents may have improved. This could potentially explain the absence of new LIHTC projects in recent years, as the need for additional low-income housing may not have increased significantly.

Blowing Rock's LIHTC-funded affordable housing, while modest in scale, has been a consistent presence in the town for nearly 30 years. The Ransom Street Apartments provide 13 affordable units, primarily one-bedroom apartments, serving a specific segment of the population. While this represents a small percentage of the town's estimated housing stock, other affordable housing programs may supplement this inventory.

The town's demographic trends over the past decade, including a slight population decrease and an increase in median income, may have influenced the lack of new LIHTC developments. However, the small increase in diversity could potentially signal a need for more varied affordable housing options in the future.