The LIHTC funded housing inventory in zip code 89148 consists primarily of two-bedroom units (257) and one-bedroom units (118). This distribution suggests a focus on accommodating small families and individuals.

Over the past decade, Spring Valley has experienced significant population growth, increasing from 45,998 in 2013 to 63,572 in 2022. The median income has also risen, from $66,858 in 2013 to $76,589 in 2022, indicating overall economic improvement in the area.

Racial demographics in zip code 89148 have remained relatively stable, with a slight increase in diversity. The white population decreased from 48% in 2013 to 40% in 2022, while the Asian population remained steady at around 22-23%. The Hispanic population saw a small increase from 18% to 20% between 2013 and 2019, before settling at 17% in 2022. The Black population has grown from 7% in 2013 to 12% in 2022.

The completion of the Crescendo - Fort Apache Senior project in 2020 aligns with the area's growing population and increasing median income, suggesting a continued need for affordable housing options, particularly for seniors, despite overall economic improvements.

Zip code 89148 has a modest but significant LIHTC funded affordable housing inventory, covering 2.3% of the estimated housing stock. The area has seen consistent development of affordable housing over 16 years, with a recent focus on senior housing. The zip code's demographic trends, including population growth and increasing median income, suggest an ongoing need for affordable housing options to maintain a diverse and inclusive community.