Analysis of demographic trends over the past decade shows that Irving Park's population has remained relatively stable, fluctuating between 13,700 and 14,900 residents. The median income has shown an overall upward trend, increasing from $70,445 in 2013 to $73,476 in 2022, with some fluctuations in between.

The neighborhood has maintained a diverse racial composition. The Hispanic population has consistently been the largest group, representing between 41% and 49% of the population. The White population has been the second-largest group, ranging from 39% to 44%. The Asian population has fluctuated between 7% and 11%, while the Black population has remained relatively stable at 2-3%. The stability in population and gradual increase in median income suggest a continued need for affordable housing options in the neighborhood. The consistent racial diversity indicates the importance of maintaining affordable housing to support a mixed-income community.

Irving Park's LIHTC-funded affordable housing inventory contributes to the neighborhood's housing diversity. St. Pauls Residence, with its 72 units primarily consisting of one-bedroom apartments, caters to a specific segment of the affordable housing market. The neighborhood's demographic trends, including a stable population, increasing median income, and consistent racial diversity, underscore the ongoing importance of maintaining and potentially expanding affordable housing options to ensure a balanced and inclusive community.