Over the past decade, Piney Knolls has experienced demographic changes. The population decreased from 3,340 in 2016 to 2,872 in 2022, a decline of about 14%. During this period, the median income fluctuated, peaking at $43,546 in 2018 before declining to $36,627 in 2022. This decrease in income levels may indicate an ongoing need for affordable housing in the neighborhood.

Racial demographics have remained relatively stable, with the Black population consistently representing the majority. However, there has been a slight increase in diversity, with the Hispanic population growing from 9% in 2016 to 13% in 2022, and the White population increasing from 9% to 13% over the same period.

The most recent LIHTC project, Tuscany Townhomes, was completed in 2014. Since then, no new LIHTC projects have been built, which could be due to the existing substantial affordable housing inventory meeting the neighborhood's needs or changes in funding priorities.

Piney Knolls has a significant LIHTC-funded affordable housing presence, with 395 total units covering about 35.9% of the estimated housing inventory. The neighborhood has seen LIHTC investment spanning 15 years, with the most active period being the 2000s. The housing mix predominantly consists of two-bedroom units, catering to various household sizes. While the population has decreased slightly in recent years, along with median income, the existing affordable housing stock may be helping to meet the needs of lower-income residents. The racial composition has remained largely stable, with a slight increase in diversity. These trends suggest that the LIHTC program has played a crucial role in shaping the affordable housing landscape of Piney Knolls, potentially contributing to its demographic stability and diversity.