Derry's population has remained relatively stable over the last decade, fluctuating between 26,000 and 27,000 residents. The median income has shown a steady increase, rising from $71,054 in 2013 to $84,344 in 2022, potentially indicating growing economic prosperity in the area.

Racial demographics have remained largely consistent, with the white population comprising the majority at around 90-94% throughout the decade. There has been a slight increase in diversity, with the Hispanic population growing from 2% in 2013 to 6% in 2022, and the Asian population increasing from 1% to 2% in the same period.

The stability in population and increase in median income suggest that the demand for additional LIHTC funded housing may not have significantly changed in recent years. However, the slight increase in diversity could potentially indicate a need for culturally sensitive affordable housing options in the future.

Derry's LIHTC funded affordable housing inventory consists of 308 units across three projects, covering approximately 3% of the city's estimated housing stock. The projects were primarily developed in the 1990s, focusing on smaller unit types such as efficiencies and one to two-bedroom apartments. While the city's population has remained stable and median income has increased over the past decade, there has been a slight increase in racial diversity. These demographic trends may influence future affordable housing needs in Derry.