Over the past decade, Magnolia has experienced demographic shifts. The population grew from 2,365 in 2013 to 2,930 in 2022, an increase of about 24%. During this period, the median income rose from $12,043 in 2013 to $18,719 in 2022, representing a 55% increase. The racial composition of the neighborhood has also changed. The Hispanic population decreased from 55% in 2013 to 39% in 2022. The Black population increased from 19% to 28%, and the Asian population grew from 2% to 8% during the same period. The White population remained relatively stable, shifting from 19% to 19% over the decade.

The completion of Anchor Village in 2018 coincides with these demographic changes, potentially responding to the growing population and changing community needs. The increase in median income, while still relatively low, might have influenced the decision to develop new affordable housing units to ensure housing remained accessible to long-term residents.

Magnolia's LIHTC-funded affordable housing inventory represents a significant portion of the neighborhood's estimated housing stock, with low-income units accounting for about 5.2% of total units. The neighborhood has seen a consistent commitment to affordable housing over three decades, with projects spanning from 1988 to 2018. The most recent development, Anchor Village, came at a time of population growth and demographic shifts, potentially addressing changing community needs. While median income has increased, the continued investment in affordable housing suggests an ongoing need for such units in the neighborhood.