Over the past decade, the zip code has experienced a slight population decline, from 8,446 in 2013 to 8,077 in 2022. Despite this decrease, the median income has shown an overall upward trend, rising from $66,983 in 2013 to $73,615 in 2022, with some fluctuations in between.

The racial composition of the area has remained relatively stable, with a predominantly white population. The percentage of white residents has consistently been above 90% throughout the last decade. There has been a small increase in racial diversity, with the Hispanic population growing from 3% in 2013 to 7% in 2022.

The steady median income growth and relatively stable racial composition might suggest a reduced need for additional LIHTC-funded housing in recent years. However, it is important to note that other affordable housing programs may be addressing local needs not captured in this LIHTC data.

The LIHTC program has made a modest contribution to affordable housing in Coal City's 60416 zip code, with 24 low-income units established in 1992. While this represents a small fraction of the estimated housing inventory, it has provided consistent affordable options for nearly three decades. The area has experienced slight population decline and income growth over the past decade, potentially influencing the demand for additional LIHTC-funded housing. The racial composition has remained predominantly white, with a small increase in Hispanic residents. These demographic trends, combined with the existing LIHTC inventory, offer insights into the affordable housing landscape of this Illinois community.