Over the last decade, Gray's Woods has experienced population growth, with the number of residents increasing from 4,437 in 2013 to 5,167 in 2022. The median income has remained relatively stable, fluctuating between $63,652 and $68,812.

The racial composition of the neighborhood has changed noticeably. The percentage of white residents decreased from 87% in 2013 to 72% in 2022, while the Black population increased from 5% to 18%. The Hispanic population decreased slightly from 5% to 4%.

Despite demographic shifts and population growth, there have been no new LIHTC funded affordable housing projects in Gray's Woods in the last decade. This could indicate that other affordable housing programs are meeting the neighborhood's needs, or that there might be a growing demand for affordable housing not currently addressed through the LIHTC program.

Gray's Woods has a small LIHTC funded affordable housing inventory, consisting of 5 units across two projects completed in the early 1990s. While the neighborhood has experienced population growth and demographic changes over the past decade, there has been no recent LIHTC activity. The existing LIHTC funded units cover a small percentage of the estimated housing inventory, suggesting that other affordable housing initiatives or market factors may be influencing the neighborhood's housing landscape.