Over the past decade, the population in zip code 33511 has increased from 50,304 in 2013 to 55,739 in 2022. The median income has risen from $63,503 in 2013 to $70,599 in 2022. This upward trend in both population and income may indicate a growing demand for housing in the area, including affordable options.

Racial demographics in zip code 33511 have shown shifts over the last decade. The white population has decreased from 54% in 2013 to 46% in 2022, while the Hispanic population has increased from 24% to 28%. The Black population has remained relatively stable at around 15-16%. The Asian population has seen a slight increase from 3% to 4-5%. These demographic changes could influence the need for diverse affordable housing options.

Zip code 33511 in Brandon, Florida, has a LIHTC funded affordable housing inventory of 742 total units, representing about 3.47% of the estimated housing stock. The area experienced significant affordable housing development in the late 1990s and early 2000s. No new LIHTC projects have been recorded in the last decade. The community has experienced population growth and increasing median incomes. The changing racial demographics suggest a potentially evolving need for diverse housing options. This analysis provides insights into the LIHTC funded affordable housing landscape in zip code 33511, contributing to a broader understanding of housing affordability in the area.