The LIHTC-funded housing in this zip code primarily consists of two and three-bedroom units, with 51 two-bedroom and 66 three-bedroom units available. This distribution suggests a focus on accommodating families or households requiring multiple bedrooms.

Over the past decade, the zip code has experienced slight fluctuations in population, with a peak of 32,928 residents in 2017 and settling at 31,556 in 2022. The median income has shown an overall upward trend, increasing from $83,739 in 2013 to $89,674 in 2022, with a notable peak of $95,658 in 2021.

Racial demographics have shifted during this period. The white population has decreased from 76% in 2013 to 69% in 2022, while the Black population has increased from 6% to 13%, and the Asian population has grown slightly from 7% to 9%. This increasing diversity may indicate changing housing needs in the community.

The absence of new LIHTC projects in the last decade, despite these demographic changes, could be due to various factors, including the relatively high median income of the area or the availability of other affordable housing programs not captured in this data.

Zip code 55122 in Eagan, Minnesota, has a small but established LIHTC-funded affordable housing inventory, representing about 1% of its estimated housing stock. The area has seen investment in family-oriented housing units, primarily built between 1996 and 2005. While the population and racial demographics have shifted over the past decade, and median income has generally increased, there has not been recent LIHTC development activity. This analysis provides a snapshot of LIHTC's contribution to affordable housing in this zip code, though other affordable housing programs may also be serving this community.