Ormewood Park has experienced demographic changes over the past decade. The population increased from 4,351 in 2013 to 4,815 in 2022, indicating rising housing demand. Median income grew from $89,472 in 2013 to $135,044 in 2022, suggesting increased neighborhood affluence.

Racial demographics have shifted. The white population decreased from 68% in 2013 to 62% in 2022. The Black population declined from 27% to 14%. The Asian population increased from 2% to 11%, and the Hispanic population grew from 3% to 9%.

These demographic changes, particularly rising median income, may indicate a growing need for affordable housing to maintain diversity and prevent displacement of lower-income residents.

Trestletree Village Apartments, Ormewood Park's LIHTC-funded affordable housing, significantly contributes to the neighborhood's housing stock. The 188 two-bedroom units provide valuable housing options. Given the neighborhood's demographic trends, including population growth and increasing median income, there may be an ongoing need for affordable housing solutions to ensure a diverse and inclusive community. The LIHTC program has played a crucial role in providing affordable housing in Ormewood Park, and its impact may require monitoring as the neighborhood continues to evolve.