Loading Content...
Affordable Housing Analysis in Zip Code 19341: LIHTC Investments in Exton, Pennsylvania
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
Loading Content...
Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 19341, located in Exton, Pennsylvania, is a suburban area with a mix of residential and commercial development. The Low-Income Housing Tax Credit (LIHTC) program has funded 54 affordable housing units in this zip code. All of these units are designated as low-income units. Based on the estimated 7,968 housing units in the area, LIHTC-funded affordable housing represents approximately 0.68% of the total housing inventory.
The LIHTC projects in zip code 19341 have received $1,528,115 in project tax credits, averaging $28,298 per unit. This funding represents 0.26% of Pennsylvania's total LIHTC allocation, indicating a relatively small but significant investment in affordable housing for this area. Affordable housing has been present in this zip code for over two decades, with the first LIHTC project, Eagleview Senior Apts, completed in 1999, and the most recent, Eagleview II, finished in 2012. The 2010s saw the most recent affordable housing development in the area.
All 54 LIHTC-funded units in zip code 19341 are one-bedroom apartments, suggesting a focus on housing for individuals or small households. The unit configuration indicates they may be suitable for seniors or single working adults.
Over the past decade, the population of zip code 19341 has grown steadily, increasing from 17,864 in 2013 to 20,797 in 2022. This 16.4% growth suggests a rising demand for housing in the area. The median income has also increased, from $106,702 in 2013 to $115,757 in 2022, indicating a generally affluent community.
Racial demographics have shifted slightly, with the white population decreasing from 83% in 2013 to 76% in 2022, while the Asian population increased from 8% to 13%. The Hispanic population grew from 2% to 6% during this period. These changes reflect a gradual diversification of the community.
Despite the population growth and demographic changes, no new LIHTC projects have been completed since 2012. This could be due to the area's high median income, which may reduce the perceived need for additional affordable housing units through this specific program.
Zip code 19341 in Exton, Pennsylvania, has a modest LIHTC-funded affordable housing inventory, consisting of 54 one-bedroom units across two projects. These units represent a small fraction of the estimated total housing stock. The area has experienced population growth and increasing median incomes over the past decade, along with gradual racial diversification. The existing projects continue to provide affordable housing options in this predominantly affluent suburban community.
