Demographic trends in Conneaut Lakeshore over the past decade reveal some changes. The population decreased from 4,474 in 2010 to 4,061 in 2022, indicating a slight decline. Conversely, the median income has increased from $50,526 in 2013 to $65,510 in 2022, potentially signifying changing economic conditions in the area.

The racial composition of Conneaut Lakeshore has remained relatively stable, with the white population consistently comprising over 95% of the total population throughout the past decade. The Hispanic population has shown a slight increase from 1% to 2% in recent years.

The completion of Evans Square in 2018 coincides with a period of population growth between 2016 and 2019, possibly responding to a temporary increase in housing demand. The subsequent population decline may explain the absence of additional LIHTC projects since then.

Conneaut Lakeshore's LIHTC-funded affordable housing inventory is small but recent, with one project completed in 2018. The city's demographic trends indicate a slightly declining population but increasing median income. While the LIHTC program has contributed to the city's affordable housing stock, it represents a small percentage of the overall estimated housing inventory. The emphasis on one-bedroom units in the existing project suggests a focus on meeting the needs of smaller households in the community.