Fredericktown's population has remained relatively stable over the past decade, fluctuating between 4,300 and 4,900 residents. The median income has shown an upward trend, increasing from $31,985 in 2015 to $48,968 in 2022. This improvement in median income may partially explain the absence of new LIHTC projects in recent years.

The racial composition of Fredericktown has remained predominantly white, consistently around 91-92% of the population. There has been a slight increase in Hispanic residents, from 1% in 2015 to 5% in 2022, and a small increase in residents identifying as two or more races, from 1% to 2% over the same period.

Fredericktown's LIHTC-funded affordable housing inventory, while modest in size, provides 40 low-income units across three projects. These units represent about 2.14% of the city's estimated housing stock. The city's affordable housing development through LIHTC has been consistent, with projects spanning from 1988 to 2000. The units offer a mix of one-, two-, and three-bedroom options, catering to various household sizes. While the city's population has remained stable, the rising median income over the past decade may have influenced the lack of recent LIHTC developments. The racial composition has seen minor shifts, with a slight increase in diversity, particularly in the Hispanic population.