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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 17053, located in Marysville, Pennsylvania, contains a singular Low-Income Housing Tax Credit (LIHTC) funded affordable housing project. This zip code encompasses an area of 26.94 square miles and had a population of 5,041 in 2022. The LIHTC program has funded 32 affordable housing units in this zip code, all of which are designated as low-income units. These units represent approximately 1.66% of the estimated total housing inventory of 1,931 units in the area.
The LIHTC program has invested $62,881 in tax credits for affordable housing in zip code 17053. This equates to an average federal funding of $1,965 per unit. The zip code's allocation represents 0.01% of Pennsylvania's total LIHTC funding. The sole LIHTC project in this zip code, Locust Village, was completed in 1989, indicating the presence of affordable housing in the area for over three decades. All 32 units in this project are one-bedroom units, suggesting a focus on smaller households or individuals requiring affordable housing.
Demographic trends in zip code 17053 over the past decade show a relatively stable population, fluctuating between 4,923 and 5,136 residents. The median income has displayed an overall upward trend, increasing from $65,612 in 2013 to $71,453 in 2022, with some interim fluctuations. The racial composition has remained predominantly white, consistently above 90% throughout the past decade. A slight increase in racial diversity has occurred, with the Hispanic population growing from 2% in 2013 to 4% in 2022, while the Black population has maintained around 2%.
The stability in population and gradual increase in median income may indicate a relatively consistent demand for affordable housing in zip code 17053. However, the absence of new LIHTC projects in recent years could suggest that other housing programs or market-rate housing are meeting the area's needs.
In summary, zip code 17053 in Marysville, Pennsylvania, has a modest LIHTC funded affordable housing inventory, consisting of 32 one-bedroom units in a single project completed in 1989. This represents a small percentage of the estimated total housing stock but has provided consistent affordable housing options for over three decades. The area has experienced stable population levels and gradually increasing median incomes over the past decade, with minimal changes in racial composition. These demographic trends, combined with the lack of recent LIHTC developments, suggest a relatively stable affordable housing landscape in this zip code.