Columbus Square has experienced significant demographic shifts over the past decade. The population has declined from 1,093 in 2015 to 518 in 2022, a decrease of approximately 52.6%. Despite this population decrease, the median income has increased substantially from $14,470 in 2015 to $25,676 in 2022, nearly doubling over this period.

The racial composition of the neighborhood has remained predominantly Black, although there has been a slight decrease from 99% in 2015 to 94% in 2022. Concurrently, there has been a small increase in the White population and those identifying as two or more races.

These demographic trends, particularly the declining population and increasing median income, may have implications for future affordable housing needs in Columbus Square. The rising median income could potentially reduce the demand for affordable housing, while the population decline might affect overall housing demand in the neighborhood.

Columbus Square's LIHTC-funded affordable housing inventory plays a significant role in the neighborhood's housing landscape, covering nearly half of the estimated housing units. The neighborhood has benefited from substantial LIHTC investment, resulting in a diverse range of affordable housing options. While the most recent LIHTC projects were completed in 2009, the demographic shifts over the past decade, including population decline and increasing median income, may influence future affordable housing needs in the area. These trends underscore the importance of ongoing assessment and adaptation of affordable housing strategies to meet the evolving needs of Columbus Square's residents.