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Affordable Housing Analysis in Zip Code 76227: LIHTC Projects in a Rapidly Growing Texas Community
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
The 76227 zip code, located in Cross Roads, Texas, contains a notable inventory of Low-Income Housing Tax Credit (LIHTC) funded affordable housing. As of 2022, this zip code area encompasses 123 total units in LIHTC funded projects, with 1 unit designated as low-income. The zip code spans 73.04 square miles and has an estimated population of 46,172 as of 2022. Based on the national average household size of 2.61, the estimated housing inventory for this zip code is approximately 17,690 units. The LIHTC funded affordable housing comprises about 0.7% of the estimated housing units in the zip code.
Two LIHTC funded projects exist in the 76227 zip code: Palladium Aubrey and Kiron At Aubrey. Palladium Aubrey, completed in 2015, accounts for all 123 units in LIHTC funded projects in the area. This project includes 45 one-bedroom units, 75 two-bedroom units, and 3 three-bedroom units. The presence of LIHTC funded affordable housing in this zip code dates back to at least 2015, indicating a relatively recent addition to the area's housing inventory.
The 76227 zip code has experienced significant population growth over the past decade, increasing from 18,227 in 2010 to 46,172 in 2022. This rapid growth rate of over 153% may indicate a rising demand for housing, including affordable options. The median income in the area has also increased, rising from $86,827 in 2013 to $99,856 in 2022, suggesting a growing economy but potentially increasing housing costs.
The racial demographics of the 76227 zip code have shifted noticeably. The white population decreased from 76% in 2013 to 62% in 2022, while the Black population increased from 4% to 14% during the same period. The Hispanic population remained relatively stable, fluctuating between 12% and 17% over the decade. This increasing diversity might indicate a need for varied housing options to accommodate different cultural and economic backgrounds.
The 76227 zip code in Cross Roads, Texas, has experienced substantial population growth and demographic shifts over the past decade. The area has two LIHTC funded projects, with Palladium Aubrey providing 123 units of affordable housing since 2015. This represents a small percentage of the estimated housing inventory. The changing demographics and rising median income suggest a dynamic community that may require ongoing assessment of its affordable housing needs to ensure a balanced housing market for all residents.
