Over the past decade, the Central neighborhood has undergone demographic changes. The population reached its peak in 2019 at 57,951 but has since decreased to 52,159 in 2022. Despite this population decline, the median income has shown an overall upward trend, increasing from $33,900 in 2015 to $44,650 in 2022.

The racial composition of the neighborhood has remained relatively constant, with a slight decrease in the Black population from 66% in 2013 to 63% in 2022. The Hispanic population has grown from 24% to 27% during the same period. The White population has seen a minor decrease from 9% to 6%.

Although no new LIHTC projects have been constructed in the last decade, the existing affordable housing continues to play a significant role in the neighborhood. The rising median income may suggest a decreasing need for additional affordable housing, but other factors and housing programs may also influence the affordable housing landscape in Central.

The Central neighborhood in North Miami has an established foundation of LIHTC funded affordable housing, with 616 units developed in the 1990s. These units, representing about 3.1% of the estimated housing inventory, provide a range of options from efficiencies to three-bedroom apartments. While demographic shifts have occurred over the past decade, including a slight population decrease and an increase in median income, the existing affordable housing continues to serve an important function in the community. The racial composition has remained relatively stable, with a slight increase in the Hispanic population and a minor decrease in the Black and White populations.