Over the last decade, Hardin has experienced a decline in population, from 4,890 in 2014 to 4,478 in 2022. Despite this decrease, the median income has shown an overall increasing trend, rising from $50,542 in 2014 to $59,482 in 2022. Regarding racial demographics, the city has seen a slight decrease in the white population, from 55% in 2014 to 50% in 2022. Conversely, there has been an increase in the Hispanic population, from 4% to 13%, and a slight increase in the Native American population, from 31% to 32% during the same period. The Asian population has remained relatively stable at around 1%, while other racial groups show minimal changes.

It is notable that no new LIHTC projects have been reported in Hardin since 1997. The increasing median income and shifting racial demographics might provide context for the lack of recent LIHTC developments, though other factors not captured in this data could also play a role.

Hardin's LIHTC funded affordable housing inventory consists of 40 units, representing 2.3% of the estimated housing stock. The city received $80,925 in project tax credits, with an average of $2,023 per unit. While affordable housing has been present in the city since 1993, no new LIHTC projects have been reported since 1997. The city has experienced a population decline and an increase in median income over the past decade, along with shifts in racial demographics. These factors may influence the current state of affordable housing in Hardin, though a comprehensive understanding would require consideration of additional housing programs and local economic factors.