Over the past decade, Lockeland Springs has experienced notable demographic shifts. The population has grown from 3,878 in 2013 to 4,589 in 2022. Concurrently, the median income has increased substantially, rising from $71,272 in 2013 to $108,055 in 2022. This significant increase in median income may suggest a diminished need for additional low-income housing in recent years.

The racial composition of Lockeland Springs has remained relatively stable. The white population has slightly decreased from 90% in 2018 to 85% in 2022, while small increases have been observed in Asian, Black, and multi-racial populations. The Hispanic population has maintained a relatively constant presence at approximately 4-5% over the past few years.

Lockeland Springs maintains a minimal LIHTC funded affordable housing inventory, consisting of only two projects completed in 1989. The neighborhood has undergone significant population and income growth over the past decade, potentially influencing the absence of new LIHTC projects. While the existing affordable housing units constitute a small fraction of the estimated housing inventory, it is important to note that other affordable housing programs may be present in the neighborhood, contributing to its overall affordable housing stock.