Over the past decade, Libertyville has experienced slight fluctuations in population, with an overall increase from 21,690 in 2013 to 22,420 in 2022. The median income has also risen significantly, from $122,066 in 2013 to $150,189 in 2022, indicating a growing affluence in the community.

Racial demographics have remained relatively stable, with a slight decrease in the white population from 89% in 2013 to 82% in 2022. There has been a small increase in Asian and Hispanic populations, rising from 5% and 4% respectively in 2013 to 7% each in 2022. The black population has remained constant at 1% throughout this period.

The lack of new LIHTC projects in the last decade may be attributed to the rising median income and the relatively stable population, suggesting a potential decreased need for additional affordable housing units.

Libertyville's LIHTC-funded affordable housing inventory consists of one project, Liberty Towers, providing 121 units of affordable housing. While this represents a small portion of the city's estimated housing stock, it has been a consistent source of affordable housing for over two decades. The city's increasing median income and stable population growth may explain the absence of new LIHTC projects in recent years. However, the gradual diversification of the population might warrant future consideration for additional affordable housing options to ensure equitable access for all residents.