East Merrimack's population has grown steadily over the past decade, increasing from 25,635 in 2010 to 27,262 in 2022. This 6.35% growth may have contributed to the need for additional affordable housing options, leading to the development of Merrimack Townhomes.

The median income in zip code 03054 has fluctuated but generally remained high, reaching $112,148 in 2022. Despite this overall affluence, the presence of LIHTC-funded housing indicates a recognized need for affordable options for lower-income residents.

Racial demographics in zip code 03054 have shown slight shifts over the decade. The area remains predominantly white (86% in 2022), but there has been a gradual increase in diversity. The Asian population grew from 1% in 2013 to 5% in 2022, and the Hispanic population increased from 3% to 5% during the same period. This growing diversity may have influenced the decision to develop affordable housing to ensure inclusivity in the community.

Zip code 03054 in East Merrimack has a single LIHTC-funded affordable housing project, Merrimack Townhomes, providing 45 low-income units. This represents a small fraction of the estimated housing inventory but signifies a commitment to addressing affordable housing needs in an area with high median incomes. The project's completion in 2020 aligns with the area's population growth and increasing diversity over the past decade. The significant allocation of state LIHTC funding to this project underscores its importance in the context of New Hampshire's affordable housing initiatives.