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Affordable Housing in Zip Code 17051: A Three-Decade Presence in Strodes Mills, Pennsylvania
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 17051 in Strodes Mills, Pennsylvania, contains 16 Low-Income Housing Tax Credit (LIHTC) funded affordable housing units. This inventory represents 0.74% of the estimated 2,170 housing units in the zip code, based on the 2022 population of 5,664. The LIHTC program has invested $30,430 in tax credits for affordable housing projects in this zip code, averaging $1,902 per unit. This zip code accounts for 0.01% of the total state LIHTC funding.
The earliest LIHTC project in the area, Mcveytown Apts, was completed in 1993, indicating a three-decade presence of affordable housing initiatives. The 1990s saw the most affordable housing development activity in this area. The LIHTC-funded housing inventory in zip code 17051 consists of 4 one-bedroom units and 12 two-bedroom units, suggesting a focus on accommodating small families or individuals.
The population in zip code 17051 has remained relatively stable over the past decade, fluctuating between 5,600 and 6,000 residents. The median income has shown an upward trend, increasing from $45,311 in 2013 to $56,932 in 2022. This rise in median income may impact the demand for affordable housing in the area.
The racial composition of zip code 17051 has remained predominantly white, consistently above 96% throughout the past decade. A slight increase in racial diversity has occurred, with the percentage of residents identifying as two or more races growing from 0% in 2013 to 2% in 2022.
Zip code 17051 in Strodes Mills, Pennsylvania, has a modest LIHTC-funded affordable housing presence, covering less than 1% of the estimated housing inventory. The area has seen LIHTC investment since the early 1990s, with a focus on one and two-bedroom units. While the population has remained stable, the rising median income over the past decade may influence future affordable housing needs. The racial composition has shown minimal changes, with a slight increase in diversity. These demographic trends, coupled with the existing LIHTC investments, provide a foundation for understanding the affordable housing landscape in this zip code.
