Over the past decade, zip code 50169 has experienced modest population growth, increasing from 3,808 in 2013 to 4,105 in 2022. Concurrently, the median income has risen substantially from $68,402 in 2013 to $81,132 in 2022, indicating an overall improvement in economic conditions.

The racial composition of the area has remained relatively stable, with a slight decrease in the white population from 92% in 2013 to 91% in 2022. There has been a small increase in diversity, with slight growth in Asian, Hispanic, and multi-racial populations.

Despite the rising median income, the presence of LIHTC funded housing suggests a continued need for affordable options in the community, possibly serving long-term residents who may not have benefited equally from the area's economic growth.

Zip code 50169 in Mitchellville, Iowa, features a single LIHTC funded affordable housing project that has been serving the community since 2011. The 24 low-income units represent a small portion of the estimated housing inventory, playing a crucial role in providing affordable options in an area that has seen significant income growth over the past decade. The mix of unit sizes in the Mitchellville Park Apartments caters to various household compositions, contributing to the area's housing diversity. As the community continues to evolve economically and demographically, the LIHTC funded housing remains an important component of the local housing landscape.