Zip code 28607, located in Boone, North Carolina, contains a total of 148 Low-Income Housing Tax Credit (LIHTC) funded affordable housing units. These units, all designated as low-income, represent approximately 1.15% of the estimated 12,886 housing units in the zip code, based on the 2022 population of 33,633. The LIHTC program has invested $1,000,216 in tax credits for affordable housing projects in this area, averaging about $6,758 per unit. This investment accounts for 0.23% of North Carolina's total LIHTC funding.

Affordable housing development in zip code 28607 spans nearly two decades. The initial LIHTC project, Ivy Terrace Apartments, was completed in 1996, while the most recent, Watauga Green Apartments, was finished in 2015. The 1990s marked the peak of affordable housing development in this area, with two projects completed during that decade. The housing inventory in this zip code includes a diverse mix of unit types: 34 one-bedroom units, 74 two-bedroom units, 18 three-bedroom units, and 4 four-bedroom units, indicating a focus on accommodating various household sizes.

Over the past decade, zip code 28607 has experienced moderate population growth, increasing from 31,728 in 2013 to 33,633 in 2022. Concurrently, the median income rose substantially from $30,809 in 2013 to $42,700 in 2022, suggesting improved economic conditions for residents. The racial composition of the zip code has remained relatively stable, with a predominantly white population (approximately 90%). However, there has been a slight increase in diversity, with minor growth observed in Asian and Hispanic populations.