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Affordable Housing Analysis in Port Byron, Illinois Zip Code 61275: LIHTC Program Impact
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Port Byron, Illinois, zip code 61275, contains 72 affordable housing units funded by the Low-Income Housing Tax Credit (LIHTC) program. These units, all designated as low-income, represent approximately 4.64% of the estimated 1,551 housing units in the zip code, based on the 2022 population and national average household size.
The LIHTC program has invested $611,843 in tax credits for affordable housing projects in zip code 61275. This investment averages $8,498 per unit in federal funding and accounts for 0.08% of the total LIHTC funding allocated to Illinois. The affordable housing in this zip code consists of a single project, Whispering Hills, completed in 2012. This project introduced LIHTC-funded affordable housing to the area and includes 4 one-bedroom units and 32 two-bedroom units.
The population in zip code 61275 has grown steadily over the past decade, increasing from 3,944 in 2013 to 4,048 in 2022, a 2.64% increase. This growth suggests a modest but consistent demand for housing in the area. Median income trends have fluctuated, starting at $81,214 in 2013, decreasing to $69,586 in 2017, and rising to $79,901 in 2022. These income variations may indicate changing economic conditions that could affect affordable housing needs.
The racial composition of zip code 61275 has remained relatively stable, with a slight decrease in the white population from 94% in 2013 to 88% in 2022. There have been small increases in Hispanic, Black, and multi-racial populations, indicating a gradual increase in diversity. These demographic shifts may influence future affordable housing requirements.
Zip code 61275 in Port Byron, Illinois, has a modest LIHTC-funded affordable housing inventory of 72 units in a single project completed in 2012. This inventory represents 4.64% of the estimated housing stock and provides important low-income housing options for the community. The area has experienced slow but steady population growth and fluctuating median incomes over the past decade, factors that may influence future affordable housing needs. The gradual increase in racial diversity, although still limited, may also shape future housing requirements in the zip code.
