The population in zip code 62550 has remained relatively stable over the past decade, fluctuating between 3,000 and 3,300 residents. The median income has demonstrated a general upward trend, increasing from $57,483 in 2013 to $68,002 in 2022. This rise in median income may suggest a reduced need for additional affordable housing in recent years.

The racial composition of zip code 62550 has remained predominantly white, consistently above 95% throughout the last decade. There has been a slight increase in diversity, with small increases in Hispanic, Black, and Native American populations, though these changes are minimal.

Zip code 62550 in Moweaqua, Illinois, has a single LIHTC-funded affordable housing project that has served the community since 1993. While the project provides a modest number of affordable units, it represents a small portion of the estimated housing inventory in the area. The stable population and increasing median income over the past decade suggest that the current affordable housing stock may be meeting the community's needs. However, ongoing monitoring of demographic trends and housing affordability will be crucial to ensure that low-income residents continue to have access to suitable housing options in the future.