Zip code 56310, located in Avon, Minnesota, contains 12 total units of Low Income Housing Tax Credit (LIHTC) funded affordable housing, with 11 designated as low-income units. The estimated housing inventory in this zip code is approximately 2,465 units, based on the 2022 population of 6,433 and the national average household size of 2.61. LIHTC funded affordable housing comprises about 0.49% of the estimated housing inventory in this area.

The LIHTC program has allocated $31,351 in tax credits to zip code 56310, representing approximately 0.01% of Minnesota's total LIHTC funding. This allocation equates to an average federal funding of about $2,613 per unit in the LIHTC-funded projects. The affordable housing project in this zip code, Sun Crest II, was completed in 2008, indicating over a decade of affordable housing presence in the area. This project consists of 9 two-bedroom units and 3 three-bedroom units, providing a mix of housing options for different family sizes.

Over the past decade, the population in zip code 56310 has remained relatively stable, fluctuating between approximately 6,400 and 7,000 residents. The median income has shown a significant increase, rising from $69,512 in 2013 to $88,316 in 2022. This upward trend in income might suggest a reduced need for additional affordable housing in recent years.