The affordable housing inventory in this zip code consists of 6 one-bedroom units, 3 two-bedroom units, and 24 three-bedroom units. This distribution suggests a focus on accommodating families and larger households.

Over the past decade, the population in zip code 80906 has remained relatively stable, with a slight increase from 35,239 in 2014 to 35,965 in 2022. The median income has shown a significant upward trend, rising from $77,259 in 2014 to $93,267 in 2022, representing a 20.7% increase.

Racial demographics have remained relatively consistent, with a slight decrease in the white population from 72% in 2014 to 71% in 2022. The Hispanic population has seen a modest increase from 15% to 17% during the same period. Other racial groups have maintained relatively stable percentages.

The completion of the Ridge project in 2020 coincides with a period of rising median income and a slight increase in racial diversity. This suggests that despite the overall affluence of the area, there is still a recognized need for affordable housing options.

Zip code 80906 in Colorado Springs has a small but present LIHTC-funded affordable housing inventory, accounting for 0.24% of the estimated housing stock. The area has seen LIHTC investments spanning 25 years, with the most recent project completed in 2020. The affordable housing units are primarily focused on larger households, with a majority being three-bedroom units. While the median income has increased significantly over the past decade, the continued development of affordable housing projects indicates an ongoing commitment to maintaining housing options for lower-income residents in this predominantly affluent area.