Piedmont Avenue has experienced a gradual population increase over the past decade, growing from 7,040 in 2013 to 7,782 in 2022. The median income has also risen significantly, from $76,956 in 2013 to $91,323 in 2022, indicating an overall improvement in economic conditions for the neighborhood's residents.

Racial demographics have remained relatively stable. The white population decreased slightly from 64% in 2013 to 62% in 2022. The Asian population decreased from 17% to 12%, while the Black population increased from 6% to 7%. The Hispanic population grew from 7% to 10%.

Despite the rising median income, LIHTC-funded affordable housing continues to play a crucial role in maintaining economic diversity within the neighborhood. The absence of new LIHTC projects in the last decade may be attributed to the rising median income, potentially reducing the perceived need for additional affordable housing units.

Piedmont Avenue's LIHTC-funded affordable housing inventory, while modest in size, has been a consistent feature of the neighborhood for over 30 years. The 89 units, predominantly composed of one-bedroom apartments, cater to the needs of smaller households. While the neighborhood has experienced economic growth and relative stability in its demographic composition, the continued presence of affordable housing helps maintain a diverse community. The analysis suggests that while LIHTC investments have played a role in Piedmont Avenue's housing landscape, there may be opportunities for further affordable housing development to meet the needs of the community's lower-income residents.