Over the past decade, Old Kensington has experienced significant demographic changes. The population has grown from 3,267 in 2013 to 5,364 in 2022, representing a 64% increase. Median income has risen from $44,052 in 2013 to $89,083 in 2022, more than doubling over this period.

Racial demographics have shifted as well. The white population has increased from 42% in 2013 to 54% in 2022, while the Hispanic population has decreased from 36% to 27%. The Black population has decreased from 14% to 5%, while the Asian population has grown from 2% to 11%.

These demographic shifts, particularly the increase in median income and changes in racial composition, suggest a trend of gentrification in Old Kensington. This could potentially increase the need for affordable housing options in the neighborhood, as lower-income residents may face rising housing costs.

Old Kensington's affordable housing landscape is characterized by a single LIHTC-funded project, the Johnnie Tillman Townhouses, which has been providing 23 low-income units since 1997. These units represent a small percentage of the neighborhood's estimated housing inventory. The neighborhood has seen substantial population growth, a dramatic increase in median income, and shifts in racial composition over the past decade, potentially indicating gentrification pressures. These trends underscore the importance of maintaining and potentially expanding affordable housing options in Old Kensington to ensure a diverse and inclusive community.