Demographic changes have occurred in zip code 60046 over the past decade. The population decreased slightly from 36,774 in 2015 to 36,263 in 2022. The median income increased from $91,523 in 2015 to $106,535 in 2022, indicating economic growth.

Racial demographics in zip code 60046 have shifted. The white population decreased from 81% in 2015 to 71% in 2022, while the Hispanic population increased from 9% to 17%. Slight increases occurred in the Black and Asian populations.

Despite demographic changes, no expansion of LIHTC-funded affordable housing has occurred in zip code 60046 in the last decade. The rising median income may have reduced the perceived need for additional low-income housing units.

Zip code 60046 in Lake Villa, Illinois, has a small LIHTC-funded affordable housing presence, with 8 units in one project completed in 2003. These units represent a small fraction of the estimated housing inventory but have provided consistent affordable housing options for nearly two decades. The area has experienced economic growth and demographic shifts, with rising median incomes and increasing diversity. These factors may have influenced the lack of new LIHTC projects in the past decade. Continued monitoring of housing needs will be crucial to ensure adequate affordable housing options for the evolving population in zip code 60046.