Wells-Goodfellow has experienced demographic changes over the past decade. The population decreased from 6,026 in 2015 to 5,904 in 2022. Median income increased significantly, rising from $20,302 in 2015 to $37,286 in 2022, an increase of approximately 84%.

The racial composition of the neighborhood has remained relatively stable. The Black population consistently comprises 96-97% of residents. There has been a slight increase in racial diversity, with the White population and those identifying as two or more races each accounting for about 1-2% of the population in recent years.

Despite the absence of new LIHTC projects in the last decade, the rising median income and stable population suggest that the existing affordable housing stock may still meet some of the neighborhood's needs. However, the significant income growth might indicate a changing economic landscape that could impact future affordable housing requirements.

The LIHTC-funded affordable housing inventory in Wells-Goodfellow comprises 81 units, covering about 3.58% of the estimated housing stock. Most LIHTC development occurred in the late 1980s and early 1990s, with a mix of unit sizes catering to different household compositions. While no new LIHTC projects have been recorded in the past decade, the neighborhood has experienced notable median income growth and maintained a stable population. These factors, along with the existing affordable housing stock, contribute to the overall housing landscape of Wells-Goodfellow. Ongoing assessment of affordable housing needs may be necessary given the observed economic changes.