Pleasant Grove has experienced a slight decline in population over the past decade, from 11,128 in 2017 to 10,483 in 2022. The median income has fluctuated, reaching $76,301 in 2021 before decreasing to $70,285 in 2022.

Racial demographics have undergone significant changes, with the Black population increasing from 57% in 2017 to 66% in 2022, while the White population decreased from 42% to 30% during the same period. The Hispanic population and those identifying as two or more races have slightly increased, reaching 1% and 2% respectively in 2022.

Despite these demographic shifts, no new LIHTC projects have been developed in the last decade. This could be attributed to various factors, including the city's relatively high median income, which may suggest less need for additional low-income housing.

Pleasant Grove's single LIHTC-funded affordable housing project, the Arbors At Ellington, completed in 2009, provides 40 affordable units, representing about 1% of the city's estimated housing inventory. While the city has experienced demographic changes in the past decade, including a slight population decline and shifts in racial composition, no new LIHTC projects have been developed during this time. The existing project continues to contribute to the city's affordable housing needs, but further analysis of other housing programs and local economic factors would be necessary to fully assess the adequacy of affordable housing in Pleasant Grove.