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Affordable Housing Analysis in Zip Code 17566: LIHTC Funding and Demographic Trends in Quarryville, Pennsylvania
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 17566, located in Quarryville, Pennsylvania, contains 56 total units of LIHTC funded affordable housing, with 53 designated as low-income units. The estimated population of this area as of 2022 is 12,625, with an approximate housing inventory of 4,837 units based on the national average household size. The LIHTC funded affordable housing represents about 1.16% of the estimated housing units in the zip code.
The LIHTC projects in zip code 17566 have received $297,839 in tax credits, averaging approximately $5,318 per unit. This zip code accounts for 0.05% of Pennsylvania's total LIHTC funding. The first LIHTC project in this zip code, Oak Bottom Village II, was completed in 1991, indicating the presence of affordable housing in this area for over three decades. The 1990s experienced the most affordable housing development activity in this zip code.
The LIHTC funded housing in zip code 17566 consists of 14 one-bedroom, 3 two-bedroom, and 12 three-bedroom units. This distribution suggests a focus on housing for both individuals and families.
Over the past decade, the population in zip code 17566 has shown modest growth, increasing from 12,359 in 2013 to 12,625 in 2022. The median income has risen from $57,902 in 2013 to $69,367 in 2022, indicating improving economic conditions for residents.
Racial demographics in zip code 17566 have remained relatively stable, with a slight decrease in the white population from 95% in 2013 to 93% in 2022, and small increases in other racial groups. The Hispanic population has remained steady at around 3-4% throughout this period.
Zip code 17566 in Quarryville, Pennsylvania, has a small but established LIHTC funded affordable housing presence, with projects dating back to 1991. The affordable housing inventory covers only a small percentage of the estimated housing units but provides important resources for low-income residents. The area has experienced modest population growth and increasing median incomes over the past decade, factors which may influence future affordable housing needs and development in the zip code.
