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Affordable Housing Analysis in Zip Code 75757: LIHTC Projects and Demographic Shifts
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 75757 in Shadybrook, Texas, contains a limited inventory of affordable housing funded by the Low-Income Housing Tax Credit (LIHTC) program. The area encompasses 54 total units in LIHTC funded projects, with 53 of these designated as low-income units. Based on the 2022 population of 12,446 and the national average household size, the estimated housing inventory for this zip code is approximately 4,769 units. The LIHTC funded affordable housing comprises about 1.13% of the estimated housing inventory in this zip code.
Three LIHTC funded projects exist in this zip code: The Cottages At Main, The Village At Main, and Saline Creek Senior Village. The Cottages At Main, completed in 1995, represents the earliest project, while The Village At Main was completed in 2018. This indicates that affordable housing has been present in the zip code for at least 23 years. The 1990s marked the beginning of LIHTC development in this area, with continued development through the 2010s.
The Cottages At Main and The Village At Main each contain 24 total units, all designated as low-income units. Both projects include 4 one-bedroom units and 2 two-bedroom units. Saline Creek Senior Village contributes an additional 6 units, with 5 designated as low-income.
The population in zip code 75757 has grown steadily over the past decade, increasing from 10,143 in 2013 to 12,446 in 2022. This represents a population growth of about 22.7%. The median income has also increased overall, rising from $60,749 in 2013 to $73,459 in 2022, an increase of approximately 21%.
Racial demographics have shifted during this period. The white population has decreased from 86% in 2013 to 76% in 2022, while the Hispanic population has increased from 8% to 16%. The Black population has remained relatively stable, fluctuating between 5% and 10% over the decade.
The completion of The Village At Main in 2018 coincides with the period of population growth and increasing median income, suggesting a response to growing housing needs in the area.
The LIHTC program has contributed to the affordable housing inventory in zip code 75757, providing 54 units across three projects over more than two decades. These units represent a small percentage of the estimated housing inventory but play a role in addressing affordable housing needs in a growing community. The area has experienced population growth and rising median incomes over the past decade, alongside shifts in racial demographics, particularly an increase in the Hispanic population. These demographic changes may influence future affordable housing needs and development in the area.
