Over the past decade, East Raleigh has experienced some demographic shifts. The population has remained relatively stable, with a slight increase from 11,718 in 2015 to 11,978 in 2022. Median income has shown significant growth, rising from $36,991 in 2015 to $54,699 in 2022, a 47.9% increase. Racial demographics have also shifted. The Black population decreased from 51% in 2015 to 44% in 2022, while the White population increased from 28% to 36% during the same period. The Hispanic population remained relatively stable, decreasing slightly from 17% to 14%.

These demographic changes, particularly the increase in median income, may indicate a reduced need for additional LIHTC funded projects in recent years. However, it is important to note that existing affordable housing continues to play a crucial role in maintaining diversity and accessibility in the neighborhood.

East Raleigh's LIHTC funded affordable housing inventory represents a significant portion of the neighborhood's estimated housing stock, aligning well with targets for a balanced community. The majority of these projects were developed in the late 1980s and early 1990s, providing a mix of unit types to accommodate diverse household sizes. While recent years have seen increases in median income and shifts in racial demographics, the existing affordable housing continues to contribute to the neighborhood's socioeconomic diversity. The analysis suggests that East Raleigh has established a foundation of affordable housing through LIHTC funding, which continues to serve the community's needs.