The population in zip code 48130 has shown relative stability over the past decade, with a slight increase from 14,954 in 2013 to 15,686 in 2022. The median income in the area has experienced a significant rise, increasing from $107,207 in 2013 to $118,809 in 2022, indicating growing affluence among residents.

The racial composition of zip code 48130 has remained predominantly white, although there has been a slight decrease from 93% in 2013 to 90% in 2022. A small increase in diversity is evident, with the Asian population growing from 2% to 3% and individuals identifying as two or more races increasing from 1% to 4% during this period.

The relatively high median income and stable population growth may explain the absence of new LIHTC projects in the last decade, as the demand for low-income housing may not have been as pressing compared to other areas.

Zip code 48130 has a modest LIHTC-funded affordable housing inventory, accounting for approximately 2.13% of the estimated housing stock. The two existing projects, both completed in the 1990s, offer a mix of unit types to accommodate various household sizes. The area has experienced steady population growth and a substantial increase in median income over the past decade, which may have influenced the lack of new LIHTC developments in recent years. It is important to note that while the LIHTC-funded affordable housing stock is limited, other housing assistance programs may be present in the area to address affordable housing needs.