The affordable housing inventory in this zip code consists primarily of efficiency units, with 55 efficiencies and 8 one-bedroom units. This unit mix suggests a focus on housing for individuals or small households.

Over the past decade, the population in this zip code has grown from 23,851 in 2013 to 28,018 in 2022, an increase of about 17.5%. During this same period, the median income rose from $56,371 in 2013 to $74,421 in 2022, representing a 32% increase.

The racial composition of the zip code has remained relatively stable, with the white population slightly decreasing from 77% in 2013 to 75% in 2022. The Hispanic population has seen a small increase from 14% to 15% during this period. The Asian and Black populations have also seen slight increases, while the percentage of residents identifying as two or more races has grown from 4% to 6%.

The completion of Rhododendron Place in 2019 aligns with the period of population growth and rising median income, suggesting a response to increased housing demand in the area.

Zip code 98665 has a modest LIHTC-funded affordable housing inventory, covering less than 1% of its estimated housing stock. The area has seen consistent population growth and significant income increases over the past decade. While the LIHTC program has contributed to the affordable housing stock, the small percentage of units relative to the total housing inventory suggests that additional affordable housing initiatives may be needed to meet the typical demand for low-income housing in growing communities.