Fairview has experienced demographic changes over the past decade. The population has grown modestly from 4,374 in 2014 to 4,495 in 2022. Concurrently, the median income has increased substantially from $72,385 in 2014 to $97,891 in 2022, indicating improved economic conditions for many residents.

The racial distribution in Fairview has remained relatively stable. The white population has consistently represented the majority, ranging from 89% to 96% over the past decade. The Hispanic population has shown a slight increase, from 2% in 2019 to 5% in 2022.

Despite rising median income, the absence of new LIHTC projects in recent years may suggest that other affordable housing initiatives or market conditions are addressing low-income housing needs. However, the increasing population and potential income disparities could create a future need for additional affordable housing options.

Fairview's LIHTC-funded affordable housing inventory provides 45 low-income units to the community, with the Chestnut Street Apartments project from 2002 serving as a cornerstone of the city's affordable housing efforts. While demographic trends indicate increasing median income and population growth, the stable racial distribution and lack of recent LIHTC projects suggest a complex affordable housing landscape. Ongoing assessment of affordable housing needs will be crucial as the city continues to evolve, ensuring a balanced and inclusive community.