Mantua has experienced demographic changes over the last decade. The population has fluctuated, reaching 2,259 in 2019 before declining to 1,723 in 2022. Median income has shown an overall upward trend, increasing from $59,798 in 2013 to $74,754 in 2022, with a peak of $87,467 in 2021.

The racial distribution in Mantua has remained predominantly white, though there has been a slight decrease in the white population from 98% in 2015 to 92% in 2022. During this period, there has been a small increase in diversity, with the percentage of residents identifying as two or more races rising from 1% in 2015 to 5% in 2022.

The absence of new LIHTC projects in the last decade may be related to the overall increase in median income, potentially reducing the perceived need for additional low-income housing. However, the recent decline in population might necessitate a reevaluation of housing needs in the future.

Mantua's LIHTC-funded affordable housing inventory comprises 33 units across two projects, representing about 5% of the estimated housing stock. The most recent development occurred in 2007, adding a significant number of one- and two-bedroom units. While the city has experienced an increase in median income over the past decade, recent population declines and slight increases in diversity may influence future affordable housing needs. The existing LIHTC projects contribute to the city's housing diversity, though they constitute a small portion of the overall housing inventory.