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Affordable Housing in Zip Code 19137: A Single LIHTC Project in Philadelphia
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 19137, located in Philadelphia, Pennsylvania, encompasses an urban area of 2.43 square miles. This zip code contains one Low-Income Housing Tax Credit (LIHTC) funded affordable housing project, which provides a single low-income unit. Based on the 2022 population of 7,824 and utilizing the national average household size of 2.61, the estimated number of housing units in the zip code is approximately 2,998. The LIHTC-funded affordable housing represents about 0.03% of the estimated housing inventory in this area.
The sole LIHTC project in zip code 19137 received $2,598 in tax credits, equating to an average federal funding of $2,598 per unit. This project, named "4631 Melrose St," was completed in 1989, indicating that affordable housing has been present in this zip code for over 30 years. The project consists of one three-bedroom unit, suggesting it may be suitable for families or larger households.
Over the past decade, the population of zip code 19137 has remained relatively stable, fluctuating between 7,824 and 8,843 residents. The median income has shown an overall increasing trend, rising from $47,114 in 2013 to $57,570 in 2022. This growth in median income may indicate a reduced need for additional affordable housing in recent years.
Racial demographics in zip code 19137 have remained predominantly white, with a slight decrease from 86% in 2013 to 79% in 2022. There has been a small increase in diversity, with the Hispanic population growing from 9% to 11%, and the Black population increasing from 3% to 5% during this period. The Asian population has remained consistently low at around 1%.
Zip code 19137 in Philadelphia has a single LIHTC-funded affordable housing unit, completed in 1989. This represents a very small portion of the estimated housing inventory in the area. The zip code has experienced relative stability in population and a gradual increase in median income over the past decade, which may influence the perceived need for additional affordable housing. While the area remains predominantly white, there has been a slight increase in racial diversity. These demographic trends, coupled with the limited LIHTC activity, suggest that other factors or housing programs may be addressing affordable housing needs in this zip code.
