The population in zip code 63461 has remained relatively stable over the past decade, with minor fluctuations. The median income has shown an overall upward trend, increasing from $50,045 in 2013 to $62,115 in 2022. This 24% increase in median income over nine years may indicate improving economic conditions for some residents.

Racial demographics in zip code 63461 have remained predominantly white, consistently above 90% throughout the observed period. However, there has been a slight increase in diversity, with the percentage of residents identifying as two or more races rising from 1% in 2013 to 6% in 2022. The Black population has also seen a small increase from 1% to 3% during this time.

Despite these demographic shifts and income improvements, no new LIHTC projects have been developed in zip code 63461 in the last decade. This could be attributed to various factors, including changes in local housing needs, funding priorities, or development opportunities.

Zip code 63461 in Palmyra, Missouri, has a single LIHTC-funded affordable housing project, Anderson Estates, which has been serving the community since 2007. While this project provides 62 low-income units, it covers a relatively small percentage of the estimated housing inventory. The area has experienced modest population growth and income increases over the past decade, along with slight increases in racial diversity. These demographic trends, combined with the lack of new LIHTC developments, suggest a complex interplay of factors influencing affordable housing needs and development in this zip code.