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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 46391 in Westville, Indiana, contains 48 Low-Income Housing Tax Credit (LIHTC) funded affordable housing units, all of which are designated as low-income. This zip code spans 38.12 square miles and had a population of 9,132 in 2022. Using the national average household size of 2.61, the estimated total housing inventory for this zip code is approximately 3,499 units. The LIHTC funded affordable housing units constitute about 1.37% of the estimated total housing stock in the zip code.
The LIHTC program has funded two projects in zip code 46391: Westville Development and Westville Assoc. Westville Development was completed in 1992, while Westville Assoc was finished in 1993. This indicates that affordable housing has been present in the zip code for over three decades. The 1990s saw the most affordable housing development activity in this zip code, with both projects being completed during this decade. The inventory consists of 32 one-bedroom units and 16 two-bedroom units, providing a mix of housing options for different household sizes.
Over the past decade, the population in zip code 46391 has remained relatively stable, with minor fluctuations. The population peaked at 9,917 in 2015 and has since decreased slightly to 9,132 in 2022. Median income has shown some variability, ranging from a high of $75,115 in 2019 to a low of $62,476 in 2020, with the most recent figure at $64,897 in 2022.
The racial composition of zip code 46391 has remained predominantly white over the past decade, with a slight increase from 71% in 2013 to 79% in 2022. The Black population has decreased from 21% in 2013 to 15% in 2022, while other racial groups have maintained relatively stable percentages.
The LIHTC program has contributed to the affordable housing inventory in zip code 46391 with two projects totaling 48 units, all designated as low-income. These units represent a small portion (1.37%) of the estimated total housing stock. The affordable housing developments in this zip code were completed in the early 1990s, providing a mix of one and two-bedroom units. The population and racial composition have remained relatively stable over the past decade, with some fluctuations in median income. This analysis provides insight into the LIHTC-funded affordable housing landscape in zip code 46391 and its relationship to demographic trends.