Crystal Lake's population has remained relatively stable over the past decade, decreasing slightly from 46,642 in 2010 to 46,080 in 2022. The median income has shown an overall upward trend, increasing from $90,436 in 2013 to $94,440 in 2022.

Regarding racial demographics, Crystal Lake has maintained a predominantly white population, with a slight decrease from 84% in 2013 to 80% in 2022. The Hispanic population has increased modestly from 10% to 13% during this period. Asian and Black populations have remained relatively stable at 3% and 1% respectively.

The introduction of LIHTC-funded affordable housing in 2020 coincides with a period of relative demographic stability in Crystal Lake. The steady increase in median income over the decade may have influenced the decision to introduce affordable housing options to maintain economic diversity within the community.

Crystal Lake's LIHTC-funded affordable housing, while a recent addition to the city, represents a small but significant step towards diversifying housing options. The single project completed in 2020 provides 60 units, primarily consisting of one and two-bedroom apartments. While this covers a small percentage of the city's estimated housing inventory, it marks the beginning of LIHTC involvement in Crystal Lake's housing landscape. The city's demographic trends, including a stable population and increasing median income, provide context for the introduction of affordable housing options in recent years.