Zip code 23059 in Glen Allen, Virginia, contains 191 units in Low-Income Housing Tax Credit (LIHTC) funded affordable housing projects, with 29 designated as low-income units. This represents approximately 1.2% of the estimated 15,889 total housing units in the zip code. The LIHTC program has invested $1,036,946 in tax credits for affordable housing projects in this area, averaging $5,429 per unit across all LIHTC funded projects. The zip code accounts for 0.23% of Virginia's total LIHTC funding.

Affordable housing has been present in the zip code since at least 2008, with the most recent project completed in 2016. The Atlantic At Twin Hickory (2008) and The Greens At Virginia Center (2016) represent the span of LIHTC development in the area. The 2010s saw the most significant affordable housing development in this zip code. The LIHTC funded projects offer 96 two-bedroom and 84 three-bedroom units, suggesting a focus on accommodating families and larger households.

The zip code has experienced significant population growth, increasing from 34,592 in 2015 to 41,470 in 2022. The median income has risen from $128,032 in 2015 to $142,120 in 2022, indicating a generally affluent area. The racial composition has become more diverse over time, with the Asian population growing from 15% in 2015 to 24% in 2022, while the white population decreased from 69% to 61%. The Black and Hispanic populations have remained relatively stable at around 8-10% and 3% respectively.