Over the past decade, Salem has experienced population growth, increasing from 42,394 in 2013 to 47,929 in 2022. The median income has also risen significantly, from $84,793 in 2013 to $98,220 in 2022, indicating an overall improvement in the economic conditions of the neighborhood.

The racial distribution in Salem has remained relatively stable over the last decade. As of 2022, the neighborhood's population is comprised of 46% White, 23% Black, 14% Asian, 8% Hispanic, and 7% identifying as two or more races. This diverse demographic composition suggests a need for affordable housing options that cater to various cultural backgrounds.

Despite the population growth and rising median income, there have been no new LIHTC projects in Salem since 2003. This could be due to various factors, such as changes in local housing policies, shifts in funding priorities, or potentially a reduced need for additional affordable housing units in the area.

Salem's LIHTC-funded affordable housing inventory consists of a single project completed in 2003, providing 32 low-income units. While this represents a small fraction of the neighborhood's estimated housing stock, it is important to note that other affordable housing programs may be present in the area. The neighborhood has experienced population growth and a significant increase in median income over the past decade, which could influence the demand for affordable housing. The stable racial diversity of Salem underscores the importance of maintaining and potentially expanding affordable housing options to ensure equitable access for all community members.