The population increase suggests a trend towards densification, with more housing units being added. Based on the 2022 population and the national average household size of 2.61 persons, the neighborhood is estimated to have approximately 5,757 housing units.

This urban densification is associated with a shift in lifestyle preferences, favoring walkability, access to public transportation, and proximity to urban amenities. The Old Fourth Ward's evolution reflects a broader trend in U.S. cities where historic, centrally-located neighborhoods experience renewed interest and investment.

The rapid growth and densification may present challenges, including potential gentrification, increased housing costs, and pressure on existing infrastructure. The neighborhood's ability to balance its historical character with new development will be important for its continued success and the well-being of its population.

In conclusion, the Old Fourth Ward has transformed into a densely populated urban area, attracting new residents over the past decade. This growth reflects urban trends favoring centrally-located, amenity-rich neighborhoods, while also presenting challenges in preserving the area's historical significance and community character.