Over the past decade, the population in zip code 68940 has remained relatively stable, fluctuating between 347 and 384 residents. The median income has shown some variability, ranging from $64,484 in 2013 to $72,047 in 2022. This overall increase in median income might indicate a growing need for affordable housing options to support lower-income residents.

The racial composition of the zip code has remained predominantly white, consistently above 90% throughout the decade. The Hispanic population has maintained a small presence of about 1% since 2016. The completion of Horizon Estates in 2020 aligns with this stable demographic profile, suggesting a response to the ongoing needs of the local community.

Zip code 68940 in Funk, Nebraska, demonstrates a focused approach to affordable housing through its single LIHTC project, Horizon Estates. This development addresses about 13.5% of the estimated housing inventory. The project received significant federal funding and represents a small but important portion of Nebraska's LIHTC allocation. While the area's demographics have remained relatively stable over the past decade, the recent addition of affordable housing units suggests a proactive response to the community's evolving needs. This investment in affordable housing contributes to maintaining a diverse and accessible housing market in this rural Nebraska zip code.