The population in zip code 62294 has increased from 10,743 in 2013 to 11,686 in 2022, representing a growth of approximately 8.8%. The median income has remained relatively stable, ranging from $78,826 to $83,617 between 2013 and 2022. The racial composition of the zip code has consistently been predominantly white, with over 90% of residents identifying as white. There has been a slight increase in diversity, with small increases in Asian and Hispanic populations, though these remain very small percentages of the overall population.

No new LIHTC projects have been constructed in the last decade. The stable median income and racial composition might suggest that the need for additional low-income housing has not significantly changed. However, the population growth could potentially indicate an increasing demand for affordable housing that is not being met through the LIHTC program alone.

Zip code 62294 has a small LIHTC funded affordable housing inventory, consisting of 26 one-bedroom units across two projects completed in the late 1980s and early 1990s. These units comprise less than 1% of the estimated housing stock. While the population has grown over the past decade, there have been no new LIHTC projects during this time. The area remains predominantly white with a relatively stable median income. This analysis provides an overview of LIHTC's contribution to affordable housing in the zip code, but other affordable housing programs may also be present in the area.