Corinth's population has experienced a slight decline over the past decade, decreasing from 20,286 in 2014 to 19,595 in 2022. During this period, the median income has shown an overall upward trend, rising from $40,406 in 2014 to $41,068 in 2022, with some fluctuations.

The racial composition of Corinth has remained relatively stable, with a slight increase in diversity. The white population has maintained a majority, constituting 76% of the population in 2022. The Black population has decreased from 17% in 2014 to 13% in 2022, while the Hispanic population has grown from 4% to 5%. The percentage of residents identifying as two or more races has increased from 1% to 5% during this period.

The completion of the Farmington Arms Apartments in 2016 coincides with a period of relative stability in the city's demographics. This suggests that the LIHTC project was implemented to address ongoing affordable housing needs in the community rather than in response to significant demographic shifts.

Corinth's LIHTC-funded affordable housing inventory, while modest in scale, contributes to addressing the city's low-income housing needs. The single project, Farmington Arms Apartments, provides 79 low-income units, representing just over 1% of the city's estimated housing stock. Despite the city's relatively small share of Mississippi's LIHTC funding, the investment has contributed to maintaining affordable housing options in a period of slowly rising median incomes and subtle demographic changes. As Corinth continues to evolve, ongoing assessment of affordable housing needs will be crucial to ensure adequate housing options for all residents.