Zip code 93924, which includes Carmel Valley Village in California, has a population of 6,771 as of 2022. This zip code covers 231.52 square miles, resulting in a low population density. The area contains 79 Low-Income Housing Tax Credit (LIHTC) funded units, of which 78 are designated as low-income units. These LIHTC-funded units represent approximately 3% of the estimated 2,594 housing units in the zip code.

The LIHTC program has invested $641,292 in project tax credits in this zip code, averaging $8,118 per unit in federal funding. This funding constitutes 0.02% of the total state credits allocated to California. The affordable housing in this zip code is primarily provided by one project: Rippling River Apartments, completed in 2006. This development consists of 79 units, including 2 efficiencies and 77 one-bedroom apartments.

The zip code's population has slightly decreased from 7,108 in 2015 to 6,771 in 2022. Despite this, the median income has increased from $103,992 in 2015 to $121,098 in 2022. The racial composition of the zip code has remained relatively stable, with a predominantly white population (78% in 2022). There has been a slight increase in diversity, with the Hispanic population at 15% in 2022 and the percentage of residents identifying as two or more races increasing from 3% to 5% between 2015 and 2022.