The affordable housing inventory in zip code 60534 primarily consists of one-bedroom and two-bedroom units. There are 104 one-bedroom units and 21 two-bedroom units. Both LIHTC projects in this zip code, Lyons Senior Apts and Riverwalk Senior Apts, appear to cater to senior citizens, indicating a focus on providing affordable housing options for the elderly population in the area.

Over the past decade, the population in zip code 60534 has remained relatively stable, with slight fluctuations. The median income has shown an overall increasing trend, rising from $60,329 in 2017 to $68,459 in 2022. This may indicate a growing need for affordable housing options to support lower-income residents in an area with rising living costs.

Racial demographics have shifted over the past decade in zip code 60534. The Hispanic population has increased from 49% in 2017 to 53% in 2022, while the white population decreased from 44% to 42% during the same period. This demographic shift might influence future affordable housing needs and considerations.

Zip code 60534 in Lyons, Illinois, has a modest LIHTC funded affordable housing inventory, covering about 3.2% of the estimated housing stock. The area has received significant investment through the LIHTC program, with an average of $10,110 in federal funding per unit. The affordable housing projects, completed between 1996 and 2003, primarily serve senior citizens and consist mostly of one-bedroom units. While the population has remained stable, rising median incomes and shifting racial demographics may influence future affordable housing needs in this community.