The affordable housing inventory in zip code 86005 is diverse, offering a range of unit sizes. There are 186 one-bedroom units, 215 two-bedroom units, 179 three-bedroom units, and 44 four-bedroom units, catering to various household sizes and needs.

Over the past decade, the population in zip code 86005 has shown fluctuations, with an increase from 14,000 in 2020 to 15,639 in 2022. The median income has also risen, from $73,333 in 2018 to $79,098 in 2022. This upward trend in income might indicate a growing need for affordable housing options to maintain economic diversity in the area.

Racial demographics have shifted in zip code 86005, with the white population decreasing from 72% in 2020 to 66% in 2022. The Hispanic population has increased from 16% to 18% during the same period, and the Native American population has risen from 6% to 8%. These changes suggest a growing diversity in the area, which may influence future affordable housing needs and planning.

Zip code 86005 in Flagstaff demonstrates a substantial commitment to affordable housing through its LIHTC-funded projects. With 651 total units, representing about 10.9% of the estimated housing inventory, these projects play a crucial role in addressing affordable housing needs. The area has seen consistent development of affordable housing over nearly two decades, with a diverse range of unit sizes to accommodate different household compositions. Recent demographic trends, including population growth, rising median income, and increasing diversity, underscore the ongoing importance of maintaining and potentially expanding affordable housing options in this zip code.