Over the past decade, the population in zip code 06413 has fluctuated, with an increase from 10,757 in 2020 to 13,007 in 2022. The median income has also grown, rising from $80,682 in 2013 to $92,006 in 2022. This increase in income might indicate a growing need for affordable housing options to maintain economic diversity in the area.

Racial demographics have remained relatively stable, with the white population consistently representing the majority (around 88-89% in recent years). There has been a slight increase in diversity, with the Asian population growing from 1% in 2013 to 3% in 2022, and the Hispanic population fluctuating between 5-11% over the decade.

The completion of Liberty Place in 2018 coincides with a period of relative population stability and increasing median income, suggesting a timely response to the community's evolving housing needs.

The LIHTC funded affordable housing in zip code 06413 consists of a single project, Liberty Place, providing 21 low-income units. While this represents a small percentage of the estimated housing inventory, it marks a step in addressing affordable housing needs in the area. The project's completion in 2018 aligns with demographic trends showing population growth and rising median incomes. As the community continues to evolve, ongoing assessment of affordable housing needs will be crucial to ensure a balanced housing market that serves all income levels.