Zip code 03867 has experienced steady population growth over the past decade, increasing from 19,548 in 2013 to 22,721 in 2022. This 16.2% population increase may have contributed to the continued development of affordable housing projects during this period. The median income in the area has fluctuated, rising from $57,726 in 2013 to a peak of $71,899 in 2021, before declining slightly to $65,861 in 2022. These income trends indicate an ongoing need for affordable housing options in the community.

Racial demographics in zip code 03867 have remained relatively stable, with the white population consistently representing over 90% of residents. However, a slight increase in diversity has been observed, with small growth in Asian, Black, and multiracial populations.

In summary, zip code 03867 maintains a modest but significant LIHTC funded affordable housing presence, accounting for approximately 1.61% of the estimated housing stock. The area has seen consistent investment in affordable housing over the past two decades, with the most recent project completed in 2019. The housing mix suggests a focus on smaller households, potentially serving a diverse range of residents including older adults and young professionals. Despite the contribution of LIHTC funded units to addressing affordable housing needs, the growing population and fluctuating median income indicate an ongoing demand for affordable housing options in this community.