North Williamsburg has experienced significant demographic shifts over the past decade. The population increased from 11,192 in 2013 to 17,624 in 2022, a 57% growth. This population increase coincided with a substantial rise in median income, from $95,533 in 2013 to $150,420 in 2022, suggesting a trend toward gentrification.

Racial demographics remained relatively stable, with a slight decrease in the white population from 69% in 2013 to 62% in 2022. The Asian population increased modestly from 8% to 12% during this period, while other racial groups maintained relatively consistent proportions.

The absence of LIHTC projects in recent years may be attributed to the rapidly increasing median income and the changing demographic profile of the neighborhood, potentially reducing the perceived need for additional low-income housing units.

North Williamsburg's LIHTC funded affordable housing inventory covers a relatively small portion of the estimated housing stock. The neighborhood saw consistent development of affordable housing from 2004 to 2016, with a diverse mix of unit types. However, rapid population growth, substantial increase in median income, and shifting demographics in recent years may have influenced the perceived need for additional affordable housing projects. These trends highlight the complex relationship between demographic changes, economic growth, and affordable housing needs in urban neighborhoods.