Zip code 13438 has experienced demographic changes over the past decade. The population decreased from 3,839 in 2014 to 3,184 in 2022, a decline of approximately 17%. Despite this population decrease, the median income increased from $58,233 in 2014 to $66,516 in 2022, a rise of about 14%.

The racial composition of zip code 13438 has remained relatively stable. The white population has consistently represented the majority (95-98%) throughout the decade. A slight increase in diversity has occurred, with small increases in Hispanic and Black populations, each reaching approximately 1-2% by 2022.

The absence of new LIHTC projects in the last decade may be attributed to the declining population and increasing median income, potentially suggesting a reduced need for additional affordable housing units. However, other factors and housing programs not included in this data may also influence the affordable housing landscape in zip code 13438.

Zip code 13438 has a modest LIHTC-funded affordable housing inventory, with 16 units in one project completed in 2007. This represents about 1.31% of the estimated housing stock. This percentage is lower than the typical target of 15-20% for affordable housing, but other housing programs may contribute to the overall affordable housing inventory.

The area has experienced a population decline and income increase over the past decade, which may impact the demand for affordable housing. The racial composition has remained predominantly white, with slight increases in diversity. These demographic trends, combined with the lack of new LIHTC projects in recent years, suggest a stable affordable housing situation in zip code 13438. Continued monitoring of housing needs would be advisable to ensure adequate affordable options for all residents.