The LIHTC-funded housing inventory in zip code 40511 provides a range of unit types. There are 72 one-bedroom units, 100 two-bedroom units, 59 three-bedroom units, and 7 four-bedroom units, accommodating various household sizes and needs.

Zip code 40511 has experienced consistent population growth over the past decade, increasing from 32,562 in 2013 to 35,794 in 2022. This 9.9% population increase may have contributed to the demand for additional affordable housing options.

Median income in zip code 40511 has risen significantly, from $53,780 in 2013 to $71,583 in 2022, representing a 33.1% increase. Despite this overall income growth, the continued presence of LIHTC projects suggests an ongoing need for affordable housing options for lower-income residents.

The racial composition of zip code 40511 has remained relatively stable over the past decade. The white population has consistently accounted for about 52-54% of residents, while the Black population has slightly decreased from 29% to 27%. The Hispanic population has fluctuated between 12-15% during this period. This demographic stability may have influenced the consistent demand for affordable housing in the area.

Zip code 40511 in Lexington-Fayette, Kentucky, has a moderate but significant LIHTC-funded affordable housing inventory, covering approximately 1.73% of the estimated housing stock. The area has seen continuous investment in affordable housing since the early 1990s, with projects offering a variety of unit sizes to accommodate different household needs. Despite rising median incomes, the steady population growth and relatively stable racial demographics suggest an ongoing need for affordable housing options in this community.