The LIHTC-funded housing in this zip code offers a diverse range of unit types. Of the 503 total units, 242 are one-bedroom, 45 are two-bedroom, 198 are three-bedroom, and 17 are four-bedroom units. This distribution suggests a focus on accommodating various family sizes and needs within the affordable housing stock.

Over the past decade, the zip code has experienced steady population growth, increasing from 49,553 in 2013 to 54,932 in 2022. Median income has also risen, from $61,999 in 2013 to $69,952 in 2022, indicating overall economic improvement in the area.

Racial demographics have shifted slightly, with the white population decreasing from 87% in 2013 to 80% in 2022. There have been small increases in Asian, Black, and Hispanic populations, suggesting growing diversity in the area. This demographic shift may indicate an evolving need for affordable housing options to serve a more diverse community.

The lack of new LIHTC projects since 2013 could be attributed to the rising median income, which may have reduced the perceived need for additional low-income housing. However, the growing population and increasing diversity might suggest a potential need for future affordable housing developments.

The 41042 zip code in Florence, Kentucky, has an established LIHTC-funded affordable housing inventory, developed primarily between 1992 and 2013. While these projects provide a significant number of units, they cover a relatively small percentage of the estimated housing inventory. The area has experienced population growth, increasing median income, and growing diversity over the past decade. These demographic changes, coupled with the lack of recent LIHTC developments, may warrant further assessment of current and future affordable housing needs in this zip code.