Irmo has experienced steady population growth over the past decade, increasing from 28,795 in 2017 to 32,380 in 2022. The median income has generally trended upward, rising from $75,718 in 2017 to $79,126 in 2022. This income growth may have influenced the need for affordable housing options in the town.

Regarding racial demographics, Irmo has maintained a relatively stable composition over the last decade. The white population has slightly decreased from 68% in 2017 to 67% in 2022, while the Black population has increased from 23% to 24% during the same period. The Asian population has grown from 2% to 3%, and the Hispanic population has remained steady at 3%. This demographic stability might have played a role in the town's approach to affordable housing development.

Irmo's participation in the LIHTC program has resulted in one affordable housing project, Cinnaberry Pointe, which caters specifically to older persons. While the project provides 48 low-income units, it represents a small portion of the town's estimated housing inventory. The town's steady population growth and increasing median income over the past decade may have influenced the need for affordable housing options. The LIHTC-funded project addresses a specific demographic need by focusing on older residents, aligning with the town's evolving housing requirements.