The population in zip code 81601 has grown steadily over the past decade, increasing from 15,460 in 2013 to 16,534 in 2022. The median income has also risen significantly, from $69,836 in 2013 to $81,133 in 2022, with a peak of $94,034 in 2021. This economic growth may have influenced the need for affordable housing in the area.

The racial distribution in zip code 81601 has remained relatively stable, with a slight decrease in the white population from 69% in 2013 to 64% in 2022 and a small increase in the Hispanic population from 29% in 2013 to 29% in 2022. The Asian and Black populations have also seen slight increases, potentially indicating a growing diversity that could benefit from affordable housing options.

Zip code 81601 has a modest but significant LIHTC funded affordable housing inventory, covering about 1.86% of the estimated housing stock. The area has seen continuous investment in affordable housing over a 25-year period, with the most recent developments occurring in the 2010s. The predominance of one-bedroom units suggests a focus on smaller households or individuals. While the median income has risen, the steady population growth and increasing diversity may continue to drive the need for affordable housing options in this zip code.