Over the past decade, zip code 55328 has experienced steady population growth, increasing from 8,961 in 2014 to 10,188 in 2022, representing a growth rate of approximately 13.7%. During this same period, the median income has also risen from $88,433 in 2014 to $101,506 in 2022, an increase of about 14.8%.

The racial composition of zip code 55328 has remained relatively stable, with a slight decrease in the white population from 97% in 2014 to 93% in 2022. There has been a small increase in diversity, with the Hispanic population growing from 1% to 4% and the two or more races category increasing from 1% to 3% during this period.

Despite the population growth and rising median income, no new LIHTC projects have been developed in zip code 55328 in the last decade. This lack of development may be attributed to the relatively high median income in the area, potentially reducing the perceived need for additional affordable housing units.

Zip code 55328 in Delano, Minnesota, has a modest LIHTC-funded affordable housing inventory, covering approximately 1.77% of the estimated housing stock. The area has seen two LIHTC projects developed between 1987 and 2005, providing 69 total units with a mix of one-, two-, and three-bedroom configurations. While the population and median income have grown over the past decade, there has been no recent LIHTC development activity. The zip code maintains a predominantly white population, with slight increases in diversity. These demographic trends, particularly the high median income, may influence the perceived need for additional affordable housing in the area.