Over the past decade, the population in zip code 35470 has fluctuated between approximately 4,700 and 5,200 residents. The median income has shown volatility, reaching a low of $17,825 in 2017 and rising to $28,572 by 2022. This economic instability may indicate an ongoing need for affordable housing options in the area.

Racial demographics in zip code 35470 have remained relatively stable. The Black population consistently represents the majority, comprising 54-66% of residents, while the White population makes up about 28-36% of residents. The Asian population has fluctuated between 1-8% over the years.

The most recent LIHTC project, Stratford Manor, was completed in 2015. Since then, the area has experienced some population growth and income fluctuations, which could suggest a continued need for affordable housing options in zip code 35470.

Zip code 35470 has a modest but significant LIHTC funded affordable housing inventory, covering about 5.17% of the estimated housing units. The area has seen consistent development of affordable housing over more than two decades, with projects catering to various household sizes. The demographic data shows a population with fluctuating income levels, potentially indicating an ongoing need for affordable housing options. While the LIHTC program has contributed significantly to the area's affordable housing stock, further analysis of other housing programs and local economic factors would be necessary to fully assess the adequacy of affordable housing in zip code 35470.