Cedar Park's population has fluctuated over the last decade, peaking at 8,842 in 2017 and declining to 7,538 by 2022. The median income has varied, ranging from $48,512 in 2015 to $62,653 in 2021, before decreasing to $56,179 in 2022. Racial demographics have shifted slightly, with the white population increasing from 47% in 2013 to 55% in 2022, while the Black population decreased from 40% to 30% during the same period. The Asian population has remained relatively stable, increasing slightly from 5% to 6%.

Despite these demographic changes, no new LIHTC projects have been built in Cedar Park since 1991. This could be attributed to various factors, including changes in housing policies, availability of alternative affordable housing programs, or shifts in neighborhood development priorities.

Cedar Park's LIHTC funded affordable housing inventory, while modest in size, has been a long-standing feature of the neighborhood since the late 1980s. The 6 low-income units, split evenly between two and three-bedroom configurations, represent a small fraction of the estimated housing stock. Over the past decade, the neighborhood has experienced demographic shifts, including changes in population, income levels, and racial composition. However, these changes have not corresponded with new LIHTC developments in recent years. This analysis provides a snapshot of Cedar Park's affordable housing landscape, highlighting the need for continued attention to housing affordability in the context of evolving neighborhood dynamics.