Over the past decade, Mountain Home has experienced population growth, with the number of residents increasing from 3,178 in 2013 to 3,995 in 2022. The median income has fluctuated, with the most recent data showing $24,149 in 2022, down from $31,732 in 2021. This decrease in median income may indicate a growing need for affordable housing options.

Racial demographics have remained relatively stable, with the white population consistently representing the majority. In 2022, the neighborhood was 78% white, 11% black, and 6% Hispanic, with small percentages of other racial groups. The stability in racial composition suggests that the existing LIHTC project has been serving a consistent demographic profile over the years.

Mountain Home's affordable housing landscape is characterized by a single LIHTC project, Watauga Square, which provides 102 one-bedroom units. This project covers about 6.7% of the estimated housing inventory and has been a consistent presence in the neighborhood since 2004. The recent decline in median income, coupled with population growth, may indicate an increasing demand for affordable housing options. The LIHTC investment of $1,525 per unit has contributed to maintaining a stable affordable housing option in a neighborhood with changing economic dynamics.