Over the past decade, zip code 78722 has experienced demographic shifts. The population peaked at 7,121 in 2016 but has since decreased to 6,399 in 2022. Despite this population decline, the median income has shown an upward trend, rising from $57,932 in 2013 to $81,766 in 2022.

Racial demographics have remained relatively stable. The white population has consistently represented the majority (60-68%) over the past decade. The Hispanic population has increased from 14% in 2017 to 23% in 2022, while the Black population has decreased from 14% in 2019 to 8% in 2022.

The most recent LIHTC project in this zip code was completed in 2011, predating the observed demographic trends. The rising median income and relatively stable racial composition might suggest a reduced need for additional low-income housing in recent years. However, other affordable housing programs not captured in this data may also be serving the community's needs.

Zip code 78722 in Austin, Texas, has a modest LIHTC-funded affordable housing inventory, covering approximately 7.6% of the estimated housing stock. The area has seen two LIHTC projects completed over a span of 23 years, providing 186 affordable units with various bedroom configurations. While demographic trends show a slight population decrease and increasing median income over the past decade, the racial composition has remained relatively stable with a slight increase in Hispanic representation. These factors may influence the perceived need for additional LIHTC-funded housing in recent years, though a comprehensive assessment would require consideration of other affordable housing programs and local economic factors.