Over the past decade, zip code 37206 has experienced population growth, increasing from 23,570 in 2013 to 26,762 in 2022. The median income has risen from $48,006 in 2013 to $68,386 in 2022, indicating improving economic conditions for residents. Racial demographics have shifted, with the white population increasing from 56% in 2013 to 65% in 2022, while the Black population decreased from 35% to 26% during the same period. The Hispanic population has remained relatively stable at around 3-4%.

Despite the lack of new LIHTC projects in the last decade, the increasing population and rising median income suggest a potential need for additional affordable housing options to ensure housing remains accessible to lower-income residents amidst economic growth. The area's share of state LIHTC funding and the variety of unit types available demonstrate its role in addressing affordable housing needs in the broader Nashville-Davidson area.

Zip code 37206 in Nashville-Davidson has an established LIHTC-funded affordable housing presence, with projects dating back to 1987. While these projects provide 110 units of affordable housing, they represent a small portion of the estimated housing inventory. The area has seen significant population growth and income increases over the past decade, which may indicate a growing need for affordable housing options to maintain community diversity and accessibility.