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Affordable Housing Analysis in Zip Code 79382: A Decade of Growth and Change in Wolfforth, Texas
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 79382 in Wolfforth, Texas, contains 195 total units in Low-Income Housing Tax Credit (LIHTC) funded projects, with 171 designated as low-income units. Based on the 2022 population of 9,003 and an estimated 3,449 housing units, LIHTC funded affordable housing comprises approximately 5.65% of the zip code's estimated housing inventory.
The zip code has three LIHTC funded projects: Reserves At Preston Trails, The Residence At Wolfforth, and The Reserves At Saddleback Ranch. The Reserves At Preston Trails, completed in 2017, is the most recent project with 112 total units and 96 low-income units. This project represents the largest contribution to affordable housing in the area.
The population in zip code 79382 has grown from 6,945 in 2013 to 9,003 in 2022, a 30% increase in nine years. Median income in the zip code decreased from $80,689 in 2013 to $70,952 in 2022. The area maintains a relatively high median income compared to many other parts of the country.
Racial demographics in zip code 79382 have shifted over the past decade. The white population decreased from 74% in 2013 to 63% in 2022, while the Hispanic population increased from 21% to 31%. The Black population remained relatively stable, ranging between 1-3% throughout the decade.
The presence of LIHTC projects in an area with a high median income indicates a commitment to maintaining economic diversity and providing affordable housing options in more affluent areas. The growing population and changing racial demographics may have influenced the need for additional affordable housing units, as reflected in the completion of the Reserves At Preston Trails in 2017.
Zip code 79382 in Wolfforth, Texas, demonstrates a commitment to affordable housing through its LIHTC funded projects. With 195 total units, including 171 low-income units, these developments contribute to housing diversity in an area characterized by population growth, high median incomes, and changing racial demographics. The most recent project, completed in 2017, indicates ongoing efforts to meet the evolving affordable housing needs of this growing community.
