Loading Content...
Affordable Housing Analysis in Zip Code 30127: Powder Springs, Georgia
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
Loading Content...
Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 30127, covering Powder Springs in Georgia, encompasses an area of 52.21 square miles. The Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory in this zip code comprises 0 total affordable units. Based on the 2022 population of 70,444 and the national average household size of 2.61, the estimated housing inventory in the zip code is approximately 26,990 units. The LIHTC funded affordable housing currently accounts for 0% of the estimated housing units in the zip code.
The LIHTC program has allocated $715,542 in tax credits for affordable housing projects in zip code 30127. This allocation represents 0.21% of the total LIHTC funding for the state of Georgia, indicating a relatively small portion of the state's affordable housing investment is focused in this area.
Zip code 30127 has approximately 2 LIHTC funded projects. One notable project is Abbington Trail, which was completed in 2016. This project represents the most recent addition to the affordable housing stock in the zip code, indicating that LIHTC funded affordable housing has been present in the area for at least 7 years.
Over the last decade, the population in zip code 30127 has grown from 60,697 in 2013 to 70,444 in 2022, an increase of about 16%. During this period, the median income has also risen from $82,518 in 2013 to $87,080 in 2022, showing a moderate increase in overall economic prosperity.
The racial demographics in zip code 30127 have shifted notably. The Black population has increased from 37% in 2013 to 44% in 2022, while the White population has decreased from 52% to 40% over the same period. The Hispanic population has seen a slight increase from 6% to 10%. These demographic changes might influence the need for diverse affordable housing options in the future.
Zip code 30127 in Powder Springs, Georgia, has a limited LIHTC funded affordable housing inventory, with 0 units currently available. Despite this, the area has received $715,542 in LIHTC funding, representing 0.21% of the state's allocation. The most recent LIHTC project, Abbington Trail, was completed in 2016. The zip code has experienced population growth and demographic shifts over the past decade, which may impact future affordable housing needs. The current LIHTC funded inventory is minimal in this zip code.
