Polson, Montana, has a total of 83 affordable housing units, with 82 designated as low-income units, funded through the Low-Income Housing Tax Credit (LIHTC) program. These units represent approximately 3.2% of the city's estimated housing inventory of 2,601 units. The city has received $56,238 in project tax credits from the LIHTC program, distributed across approximately two projects. This equates to an average of $28,119 in federal funding per project and about $677.57 per unit.

Polson's share of Montana's total LIHTC funding is 3%, indicating a small but notable portion of the state's affordable housing efforts. The earliest known LIHTC project in Polson is Cherry Hill Village North, completed in 1990, suggesting a three-decade presence of affordable housing in the city. The affordable housing inventory includes 29 one-bedroom units, with Cherry Hill Village North specifically targeting the handicapped population through its 29 units, 28 of which are designated as low-income.

Over the past decade, Polson has experienced gradual population growth, increasing from 6,217 in 2013 to 6,789 in 2022. Concurrently, the median income has risen from $36,788 in 2013 to $47,425 in 2022, indicating improving economic conditions for residents. Racial demographics have remained relatively stable, with the white population consistently representing the majority. However, there has been a slight increase in diversity, with the percentage of residents identifying as two or more races growing from 5% in 2013 to 13% in 2022. The Native American population has fluctuated between 13% and 21% during this period.