Demographic trends over the past decade indicate that Red Springs has experienced a slight population decline, from 12,764 in 2010 to 11,493 in 2022. The median income has shown some fluctuation, with the most recent data indicating $34,904 in 2022. This represents a modest increase from $31,673 in 2013, suggesting a gradual improvement in economic conditions for some residents.

The racial composition of Red Springs has undergone notable shifts. The Native American population has grown significantly, from 42% in 2013 to 53% in 2022, becoming the largest racial group in the town. The Black population has decreased from 21% to 18% during the same period. The White population has remained relatively stable, comprising approximately 13-15% of the total population.

Despite the absence of new LIHTC projects in the last decade, the demographic data suggests a continued need for affordable housing. The modest increase in median income may not have kept pace with rising housing costs, potentially leaving a portion of the population in need of affordable options.

In conclusion, Red Springs' affordable housing landscape is characterized by a single LIHTC project that has served the community for over 30 years. While the 28 units represent a small fraction of the town's estimated housing stock, they play a crucial role in providing low-income housing options. The changing demographics, particularly the growth in the Native American population and the modest income increases, underscore the ongoing importance of affordable housing initiatives in Red Springs.