The El Toro Marine Air Station neighborhood has undergone significant demographic changes over the past decade. The population has increased substantially from 38 residents in 2019 to 11,058 in 2022. This rapid growth coincides with the introduction of the LIHTC-funded affordable housing project in 2017.

Median income in the neighborhood has fluctuated but remained relatively high, ranging from $91,626 in 2018 to $197,416 in 2021, before settling at $160,257 in 2022. This high median income indicates a potential need for affordable housing options for lower-income residents in an otherwise affluent area.

The racial composition of the neighborhood has also changed. The Asian population has become the majority, increasing from 53% in 2019 to 61% in 2022. The White population decreased from 26% to 23% during the same period. The Hispanic population has remained relatively stable at approximately 7-8%.

The El Toro Marine Air Station neighborhood has seen the introduction of LIHTC-funded affordable housing in recent years, coinciding with rapid population growth. While the Cadence Family Irvine Housing project provides 82 units of affordable housing, it represents a small percentage of the neighborhood's estimated housing inventory. The area's high median income and changing demographic composition indicate a complex housing landscape where affordable options may serve an important role in maintaining diversity and accessibility within this developing community.