Central Franklin has experienced demographic shifts over the past decade. The population fluctuated, reaching 14,245 in 2016 before decreasing to 13,588 in 2022. Median income generally increased, rising from $58,434 in 2013 to $74,450 in 2022, with some fluctuations in between. Racial demographics remained relatively stable, with the white population representing the majority, though decreasing slightly from 69% in 2013 to 65% in 2022. The Hispanic population increased modestly from 13% to 14%, while the Black population rose from 12% to 16%.

The completion of LIHTC projects in 2013 and 2016 coincided with a period of population growth and increasing median income in the neighborhood. This suggests that the affordable housing developments may have been a response to growing housing needs in an increasingly prosperous area.

Central Franklin's LIHTC-funded affordable housing inventory, while modest in size, represents an important component of the neighborhood's housing landscape. The 113 low-income units, developed over a three-year period in the 2010s, provide essential housing options for the community. The significant federal investment, averaging over $16,000 per unit, underscores the commitment to affordable housing in the area. As the neighborhood has experienced demographic changes, including population growth and rising median incomes, these LIHTC projects have likely played a crucial role in maintaining housing accessibility for lower-income residents.