Manito has experienced population fluctuations over the past decade. The population decreased from 1,833 in 2014 to 1,655 in 2018, but subsequently increased to 1,897 in 2022. The median income has shown an overall upward trend, rising from $50,803 in 2014 to $58,602 in 2022, with intermittent fluctuations.

Regarding racial demographics, Manito has maintained a predominantly white population, consistently accounting for 95-98% of the total population throughout the past decade. A slight increase in diversity has been observed, with small percentages of Hispanic, Black, and multiracial residents reported in recent years.

The absence of new LIHTC projects in the last decade may be attributed to the relatively stable population and increasing median income, potentially indicating a reduced demand for additional affordable housing units.

Manito's LIHTC-funded affordable housing inventory comprises a single project completed in 1996, providing 17 low-income units. These units constitute about 2.3% of the estimated housing stock. The village has received a modest amount of LIHTC funding, representing a small fraction of the state's total allocation. The demographic trends over the past decade demonstrate a relatively stable population with increasing median income, which may explain the lack of new LIHTC projects in recent years. While the current LIHTC inventory offers some affordable housing options, particularly for smaller households, it represents a small portion of the village's overall housing stock.