Over the past decade, the population in this zip code has shown steady growth, increasing from 4,470 in 2013 to 5,541 in 2022. During this period, the median income has also risen significantly, from $83,784 in 2013 to $100,245 in 2022. This upward trend in income levels may indicate a changing economic landscape in the area.

The racial demographics have remained relatively stable, with the white population consistently representing the majority (around 70-76% of the population). There has been a slight increase in the Asian population, from 13% in 2013 to 18% in 2019, before settling at 13% in 2022. The Black and Hispanic populations have remained relatively steady, each representing around 4-5% of the total population.

Despite the population growth and rising median income, no new LIHTC projects have been developed in the last decade. This could be due to the existing affordable housing stock meeting the current needs of the community or other factors influencing housing development decisions.

The zip code 61874 in Savoy, Illinois, has a single LIHTC funded affordable housing project, Parkview Apartments, which has been serving the community since 2001. This project provides 176 low-income units, representing about 8.3% of the estimated housing inventory in the area. The zip code has experienced population growth and a significant increase in median income over the past decade, while maintaining a relatively stable racial demographic composition. The lack of new LIHTC projects in recent years, despite these demographic changes, suggests that the current affordable housing stock may be sufficient for the community's needs or that other factors are influencing affordable housing development in the area.