Over the past decade, Winchester has experienced a slight decline in population, decreasing from 4,301 in 2014 to 4,175 in 2022. The median income has shown some fluctuation, rising from $44,861 in 2014 to $54,438 in 2022. This increase in median income may indicate a reduced need for additional affordable housing projects since the completion of Woodcrest Drive Housing in 2014.

The racial composition of Winchester has remained relatively stable, with the white population consistently representing over 95% of the total population throughout the past decade. There has been a slight increase in diversity, with small percentages of other racial groups emerging in recent years.

Winchester's affordable housing landscape is characterized by a single LIHTC-funded project, Woodcrest Drive Housing, which was completed in 2014. This project provides 30 units, including 3 low-income units, covering approximately 1.88% of the city's estimated housing inventory. This percentage is lower than the target range for affordable housing stock.

The city has experienced a slight population decline and an increase in median income over the past decade, which may have influenced the lack of additional LIHTC projects since 2014. The racial composition has remained predominantly white, with minimal changes in diversity. These demographic trends, combined with the existing LIHTC project, provide context for understanding Winchester's current affordable housing situation.