The population in zip code 37062 has grown from 10,319 in 2013 to 12,633 in 2022, an increase of over 22%. This growth may indicate an increasing demand for housing, including affordable options.

Median income in zip code 37062 has increased from $60,794 in 2013 to $72,650 in 2022, a rise of nearly 20%. This increase in median income could potentially impact the need for affordable housing in the area.

Racial demographics in zip code 37062 have remained relatively stable, with a slight decrease in the white population from 94% in 2013 to 86% in 2022. The Hispanic population has grown from 2% to 10% during this period, indicating a small increase in diversity.

Zip code 37062 has a moderate LIHTC funded affordable housing inventory, representing about 4.13% of the estimated total housing stock. The area has experienced steady population growth and increases in median income over the past decade. The existing LIHTC inventory provides a mix of unit types to accommodate various household sizes. The demographic changes, including increased diversity and rising incomes, may influence future affordable housing needs in this zip code.