Over the past decade, Wildwood has experienced substantial population growth, increasing from 27,296 in 2015 to 45,576 in 2022. This represents a growth rate of approximately 67% in just seven years. During this period, the median income has fluctuated, with the most recent data showing $55,591 in 2022.

The racial demographics of Wildwood have remained relatively stable, with a slight decrease in the white population from 87% in 2019 to 77% in 2022. Concurrently, there has been a small increase in diversity, with the Hispanic population growing from 3% to 7% and the Asian population increasing from 0% to 2% during the same period.

Despite this significant population growth and demographic shifts, there have been no new LIHTC projects developed in Wildwood since 2004. This lack of recent affordable housing development, coupled with the rapid population increase, suggests that the city may need to reassess its affordable housing needs to accommodate its growing and diversifying population.

Wildwood's LIHTC-funded affordable housing inventory, while established over three decades ago, represents a small fraction of the city's estimated housing stock. The city has experienced substantial population growth and some demographic shifts in recent years, which may indicate a need for reassessment of affordable housing requirements. The existing LIHTC projects provide a mix of unit sizes, potentially catering to diverse household needs, but the lack of recent developments in the face of rapid growth could signal a potential gap in affordable housing availability.