The LIHTC projects in zip code 38104 offer a diverse range of housing units. The inventory includes 49 efficiencies, 668 one-bedroom units, 116 two-bedroom units, 42 three-bedroom units, and 9 four-bedroom units. This distribution suggests a focus on smaller household sizes, with one-bedroom apartments comprising the majority of units.

The population of zip code 38104 has remained relatively stable over the past decade, ranging between 22,000 and 23,000 residents. The median income in the area has shown an overall upward trend, increasing from $46,226 in 2013 to $51,786 in 2022, with a peak of $58,298 in 2021.

Racial demographics in zip code 38104 have experienced slight shifts. The white population decreased from 63% in 2013 to 60% in 2022, while the Black population increased from 27% to 31% during the same period. The Hispanic and Asian populations remained relatively stable at approximately 4% and 3% respectively.

Zip code 38104 in Memphis has a substantial LIHTC-funded affordable housing presence, comprising about 10% of its estimated housing inventory. The area has received consistent investment in affordable housing, particularly in the late 2000s, with a diverse range of unit types primarily focused on smaller households. While no new LIHTC projects have been identified in the last decade, the area's changing demographics and increasing median income suggest evolving housing needs that may require ongoing attention to maintain adequate affordable housing options for the community.