Over the past decade, the population in zip code 16415 has exhibited slight fluctuations, with a general upward trend from 8,687 in 2020 to 9,172 in 2022. The median income has also increased, rising from $100,832 in 2020 to $101,437 in 2022, indicating growing economic prosperity in the area.

Racial demographics have remained relatively stable, with a slight decrease in the white population from 92% in 2020 to 91% in 2022. There has been a small increase in diversity, with the Asian population growing from 1% to 2% and the Hispanic population from 3% to 4% during the same period.

The steady population growth and rising median income suggest a potential increasing demand for housing across various income levels. While the LIHTC projects have not expanded in recent years, the changing demographics might indicate a need for reassessment of affordable housing requirements in the future.

Zip code 16415 in Fairview, Pennsylvania, has a modest LIHTC-funded affordable housing presence, with 45 units covering about 1.28% of the estimated housing stock. The area has received $316,200 in tax credits, representing 0.05% of Pennsylvania's LIHTC allocation. The existing projects, particularly Chestnut Street Apts, provide a mix of one and two-bedroom units, contributing to the area's housing diversity. The demographic trends show population growth and increasing median income, while the racial composition remains predominantly white with slight increases in diversity. These factors suggest a need for ongoing evaluation of affordable housing needs in this evolving community.