Walnut Park West's population increased slightly from 4,448 in 2010 to 4,497 in 2022. The median income rose significantly from $22,915 in 2013 to $38,053 in 2022, a 66% increase. The neighborhood remains predominantly Black, with a slight decrease from 94% in 2013 to 93% in 2022. Diversity increased marginally, with residents identifying as two or more races rising from 0% in 2013 to 3% in 2022.

The completion of two LIHTC projects in the 2010s coincides with the period of increasing median income, potentially responding to the changing economic landscape of the neighborhood.

Walnut Park West's LIHTC funded affordable housing inventory represents a small but significant portion of the neighborhood's estimated housing stock. The federal investment through the LIHTC program has contributed to the creation of 49 low-income housing units over nearly three decades. The neighborhood has focused on two-bedroom units, with recent developments addressing the needs of handicapped residents. While LIHTC funded affordable housing covers only 2.84% of the estimated housing inventory, other affordable housing programs may also contribute to the neighborhood's overall affordable housing stock. The recent increase in median income and slight diversification of the population may influence future affordable housing needs and development in Walnut Park West.