The inventory includes 2 efficiencies, 50 one-bedroom units, 143 two-bedroom units, and 90 three-bedroom units. This distribution suggests a focus on accommodating various household sizes, with an emphasis on small to medium-sized families.

Over the past decade, the zip code has experienced population growth, increasing from 37,795 in 2013 to 45,588 in 2022. The median income has risen from $60,140 in 2013 to $73,077 in 2022, indicating overall economic improvement in the area.

Racial demographics have shifted, with the white population decreasing from 69% in 2013 to 57% in 2022. The Hispanic population has grown from 21% to 25% during this period, while other racial groups have seen modest increases. This diversification may indicate changing housing needs in the community.

Despite these demographic changes, no new LIHTC projects have been completed in the last decade. This could be due to the rising median income, potentially reducing the perceived need for additional affordable housing units.

Zip code 72762 in Springdale, Arkansas, has a modest LIHTC-funded affordable housing inventory, covering about 1.93% of the estimated housing stock. The area saw significant affordable housing development between 1994 and 2001, with three projects providing a mix of unit types. While the population has grown and diversified over the past decade, and median income has increased, no new LIHTC projects have been completed recently. This analysis provides insight into the affordable housing landscape of the zip code.