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Affordable Housing Analysis in Zip Code 22553: Enoch George Manor's Impact
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 22553, located in Spotsylvania Courthouse, Virginia, contains one Low-Income Housing Tax Credit (LIHTC) funded project in its affordable housing inventory. This project, Enoch George Manor, provides 60 affordable units, including 6 low-income units. Based on the 2022 population of 16,118 and an estimated 6,175 housing units in the zip code, the LIHTC-funded affordable housing comprises approximately 0.97% of the estimated housing inventory.
The LIHTC program has allocated $153,448 in tax credits to this zip code, representing 0.03% of Virginia's total LIHTC funding. This equates to an average of $2,557 in federal funding per unit. Enoch George Manor, completed in 2006, is the sole LIHTC-funded affordable housing project in this area. The project offers 34 one-bedroom and 26 two-bedroom units, accommodating various household sizes.
Over the past decade, zip code 22553 has experienced steady population growth, increasing from 14,099 in 2013 to 16,118 in 2022. The median income has also risen, from $108,206 in 2013 to $110,931 in 2022, with a peak of $126,850 in 2021. This upward trend in income may indicate a decreasing need for additional affordable housing in recent years.
Racial demographics in zip code 22553 have remained relatively stable. The white population decreased slightly from 74% in 2013 to 72% in 2022. The Black population increased marginally from 12% to 13%, while the Hispanic population grew from 6% to 9% during this period. The Asian population has remained constant at approximately 1-2%.
Zip code 22553 has a single LIHTC-funded project, Enoch George Manor, which has provided affordable housing since 2006. This project contributes to the area's affordable housing stock but represents a small percentage of the total estimated housing inventory. The zip code has experienced population growth and rising median incomes over the past decade, potentially influencing the demand for affordable housing. The racial composition has remained relatively stable, with slight increases in minority populations. These demographic trends provide context for understanding the affordable housing landscape in this zip code.
