Salem's population has experienced a slight decline over the past decade, decreasing from 9,242 in 2013 to 8,670 in 2022. Concurrently, the median income in Salem has increased notably, rising from $32,624 in 2013 to $44,075 in 2022. This upward trend in median income may indicate an improving economic situation for some residents, potentially affecting the demand for new affordable housing projects.

The racial composition of Salem has remained relatively stable, with the white population consistently representing the majority at approximately 92-95% over the past decade. A slight increase in diversity has been observed, with the percentage of residents identifying as two or more races growing from 1% in 2017 to 5% in 2022.

Salem's LIHTC-funded affordable housing inventory provides 80 low-income units to the community. The projects were primarily developed in the 1990s, with no new LIHTC projects recorded in recent years. The city has experienced a slight population decline and an increase in median income over the past decade, which may influence the current demand for affordable housing. While the LIHTC program has contributed to Salem's affordable housing options, it represents a small percentage of the city's estimated total housing stock, suggesting that other housing programs or initiatives may also play a role in addressing affordable housing needs in the community.