The Upper Eastside neighborhood has experienced demographic changes over the past decade. The population has remained relatively stable with minor fluctuations. The median income has shown variability, increasing to $81,861 in 2021 and then decreasing to $66,436 in 2022. Racial demographics have also shifted, with the Hispanic population growing from 36% in 2013 to 45% in 2022, while the Black population decreased from 28% to 19% during the same period. The White population has remained relatively stable, around 30-33%.

These demographic changes, particularly the fluctuations in median income, may influence the ongoing need for affordable housing in the neighborhood. The relative stability of the overall population suggests that housing demand has remained consistent, potentially supporting the continued relevance of the existing LIHTC project.

The Upper Eastside neighborhood of Miami has a single LIHTC-funded affordable housing project, Pinnacle Place, which provides 137 low-income units. This project, completed in 2009, represents about 2.1% of the estimated housing inventory in the neighborhood. While this is a meaningful contribution, it falls below typical targets for affordable housing stock. The neighborhood has experienced demographic shifts over the past decade, including changes in racial composition and median income, which may influence future affordable housing needs. The continued presence of this LIHTC project for more than a decade underscores its importance in providing affordable housing options for the Upper Eastside community.