Golconda has experienced a population decline over the past decade, from 1,162 in 2015 to 967 in 2022. The median income has fluctuated, with the most recent data indicating $43,534 in 2022.

The city has maintained a predominantly white population, consistently above 87% throughout the decade. There has been a slight increase in diversity, with the percentage of Black residents rising from 2% in 2015 to 7% in 2022, and those identifying as two or more races increasing from 1% to 5% in the same period.

Despite these demographic changes, no new LIHTC projects have been developed in the last decade. This could be attributed to various factors, including the city's small size, declining population, or potentially other housing programs addressing affordable housing needs outside of the LIHTC program.

Golconda's LIHTC-funded affordable housing inventory consists of one project with 16 two-bedroom units, completed in 1995. This project accounts for approximately 4.3% of the city's estimated housing stock. While the city has experienced some demographic changes, including a declining population and slight increases in diversity, no new LIHTC projects have been developed in recent years. The existing project continues to provide a stable source of affordable housing for the community, though it may not fully meet the typical affordable housing needs of a city this size.