Over the past decade, Stanley has experienced some fluctuations in its population, with a general trend of growth from 7,787 in 2017 to 8,559 in 2022. The median income has shown an overall increase from $53,009 in 2017 to $57,074 in 2022, indicating a gradual improvement in the economic conditions of the residents.

Regarding racial distribution, Stanley has maintained a predominantly white population, with a slight decrease from 87% in 2017 to 85% in 2022. The Black population has decreased from 10% to 5% during this period, while the Hispanic population has increased from 0% to 5%. The proportion of residents identifying as two or more races has also increased from 1% to 4%.

Despite these demographic changes, no new LIHTC projects have been developed in Stanley over the past decade. This could be due to various factors, including the relatively stable population and increasing median income, which might suggest a reduced need for additional affordable housing units.

Stanley's affordable housing landscape is characterized by a single LIHTC-funded project, Mclurd Manor, which has been providing 34 one-bedroom units since 1994. While this project covers only a small percentage of the city's estimated housing inventory, it has been a consistent source of affordable housing for nearly 30 years. The demographic trends over the past decade show a growing population, increasing median income, and slight shifts in racial composition. These factors, combined with the lack of new LIHTC projects, suggest that the current affordable housing inventory has been meeting the city's needs, though ongoing assessment of housing affordability remains important as the community continues to evolve.