Mission Valley has experienced demographic shifts over the past decade. The population has remained relatively stable, increasing from 7,088 in 2013 to 7,584 in 2022. The median income has grown substantially, rising from $163,147 in 2013 to $192,776 in 2022, indicating an increase in overall affluence within the neighborhood.

The racial composition of Mission Valley has evolved. The Asian population has become increasingly dominant, growing from 68% in 2013 to 77% in 2022. The white population has decreased from 24% to 13% during the same period. The Hispanic population has remained relatively stable at 4-5% throughout the decade.

The completion of Century Village Apartments in 2013 coincides with the beginning of these demographic shifts. The project may have been a response to the need for affordable housing options in an increasingly affluent area, particularly for the growing Asian population.

Mission Valley's affordable housing landscape is characterized by a single LIHTC-funded project, Century Village Apartments, which provides 100 units of affordable housing. This project covers a small percentage of the estimated housing inventory but represents a significant investment in affordable housing for the neighborhood. The demographic trends over the past decade, including rising median incomes and a growing Asian population, highlight the importance of maintaining affordable housing options in this evolving community. The LIHTC program has played a crucial role in addressing this need, though the full scope of affordable housing in Mission Valley may extend beyond this single project.