Over the past decade, Holmesburg has experienced demographic shifts. The population has decreased from 30,122 in 2010 to 25,976 in 2022, a decline of about 13.8%. Despite this population decrease, the median income has shown an upward trend, rising from $44,303 in 2013 to $55,553 in 2022, an increase of approximately 25.4%.

The racial composition of Holmesburg has also changed significantly. The white population has decreased from 60% in 2013 to 43% in 2022, while the Hispanic population has increased from 11% to 24% during the same period. The Black population has remained relatively stable, slightly decreasing from 22% to 19%. The Asian population has seen a modest increase from 2% to 5%.

These demographic shifts, particularly the increase in median income and changes in racial composition, may have implications for the affordable housing needs in the neighborhood. The rising median income could potentially reduce the demand for affordable housing, while the changing racial demographics might influence the types of housing and community services needed.

Holmesburg's LIHTC-funded affordable housing inventory, while modest in size, provides important low-income housing options for the community. The single project, Northeast II-Ditman, has been serving the neighborhood since 2009, offering predominantly one-bedroom units. While the affordable housing stock represents a small percentage of the estimated housing inventory, it is important to note that other affordable housing programs may also be present in the neighborhood.

The demographic trends over the past decade, including population decline, increasing median income, and shifting racial composition, suggest a changing landscape in Holmesburg. These changes may influence future affordable housing needs and development in the neighborhood. Continued monitoring of these trends will be crucial for ensuring that housing options remain accessible and appropriate for the evolving community demographics.