Over the past decade, Mechanicsville's population has shown an upward trend, increasing from 2,172 in 2015 to 2,443 in 2022. The median income has also risen significantly, from $22,167 in 2015 to $29,304 in 2022, indicating an overall improvement in economic conditions.

Racial demographics have shifted notably. The Black population decreased from 58% in 2019 to 33% in 2022, while the White population increased from 30% to 40% during the same period. The Hispanic population experienced a substantial increase from 3% in 2019 to 14% in 2022.

Despite these demographic changes and the absence of new LIHTC projects in the last decade, the existing affordable housing continues to play a crucial role in the neighborhood. The rising median income may indicate a reduced need for additional low-income housing, but it is important to note that other affordable housing programs may be present to address community needs.

Mechanicsville's LIHTC funded affordable housing inventory, established in the early 2000s, provides 73 units, with 38 designated as low-income. This covers approximately 7.8% of the estimated housing stock. The neighborhood has experienced population growth, rising median incomes, and significant shifts in racial demographics over the past decade. While no new LIHTC projects have been developed recently, the existing affordable housing continues to serve the community, complementing the changing socioeconomic landscape of Mechanicsville.