Zip code 62254 in Lebanon, Illinois, contains 27 affordable housing units funded by the Low-Income Housing Tax Credit (LIHTC) program. All of these units are designated as low-income units. The zip code covers an area of 39.83 square miles and has a population of 7,988 as of 2022. Based on the national average household size of 2.61, there are approximately 3,061 housing units in this zip code. LIHTC funded affordable housing represents about 0.88% of the estimated housing inventory in the area.

The LIHTC projects in zip code 62254 have received $35,323 in tax credits for affordable housing development, averaging $1,308 in federal funding per unit. The affordable housing inventory consists of 6 one-bedroom units, 18 two-bedroom units, and 3 three-bedroom units. The first LIHTC project, Cherry Street Apts, was completed in 1989, while the most recent project, Lebanon Apts I, was finished in 1992. This indicates that affordable housing has been present in the area for over three decades, with the 1990s seeing the most affordable housing development activity.

The population in zip code 62254 has shown steady growth over the past decade, increasing from 6,872 in 2013 to 7,988 in 2022. The median income has fluctuated, notably increasing from $77,623 in 2019 to $93,709 in 2021, before decreasing to $76,495 in 2022. Regarding racial demographics, the zip code has maintained a predominantly white population, consistently around 80-83% over the past decade. The Black population has remained relatively stable, ranging from 13-17% during this period. There has been a slight increase in the Hispanic population, rising from 1% in earlier years to 3% in 2022.