Over the past decade, Magnolia Park has undergone demographic changes. The population has decreased from 17,085 in 2013 to 15,101 in 2022, a decline of about 11.6%. Despite this population decrease, the median income has shown an upward trend, increasing from $26,777 in 2013 to $37,488 in 2022, an increase of approximately 40%.

The racial composition of Magnolia Park has remained predominantly Hispanic, with a slight decrease from 95% in 2013 to 92% in 2022. There has been a small increase in diversity, with the Black population growing from 0% to 3% and the White population remaining relatively stable at 3-4% during this period.

The absence of new LIHTC projects in the last decade may be partially attributed to the decreasing population and increasing median income, which might have reduced the perceived need for additional affordable housing units.

Magnolia Park's LIHTC funded affordable housing inventory, while modest in relation to the estimated total housing stock, provides significant low-income housing options. The neighborhood has experienced LIHTC development since the mid-1990s, with an emphasis on larger units suitable for families. Despite a declining population, rising median incomes indicate changing economic conditions in the area. The stable racial composition, with a slight increase in diversity, suggests that the existing LIHTC projects continue to serve a predominantly Hispanic community. While no new LIHTC projects have been recorded in recent years, the existing inventory remains an essential component of Magnolia Park's housing landscape.