The population in zip code 80424 has grown from 8,688 in 2010 to 10,829 in 2022, representing a 24.6% increase. The median income has generally trended upward, rising from $94,774 in 2013 to $96,039 in 2022. The racial composition of the zip code has remained predominantly white, decreasing slightly from 95% in 2018 to 85% in 2022. There has been a small increase in diversity, with the Hispanic population growing from 3% to 5% and the Asian population increasing from 0% to 2% during this period.

The completion of the Pinewood Village 2 project in 2016 coincides with a period of population growth and rising median incomes in zip code 80424. This suggests that the addition of affordable housing units was responding to the increasing demand for housing in a growing and economically prosperous area.

Zip code 80424 in Breckenridge, Colorado, has a modest LIHTC-funded affordable housing inventory, representing about 2.87% of the estimated housing stock. The area has seen consistent population growth and generally increasing median incomes over the past decade. LIHTC projects provide a valuable contribution to the affordable housing needs of the community, but represent a small portion of the overall housing market in this zip code. The demographic trends suggest a growing, predominantly white community with gradually increasing diversity, which may influence future affordable housing needs and development in the area.