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Affordable Housing in Zip Code 21157: Analysis of LIHTC Funded Units in Westminster, Maryland
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 21157 in Westminster, Maryland, contains a significant inventory of Low-Income Housing Tax Credit (LIHTC) funded affordable housing. This area has 191 total affordable units, all of which are designated as low-income units. The zip code encompasses 76.96 square miles and has an estimated population of 41,607 as of 2022. Based on the national average household size of 2.61, there are approximately 15,941 housing units in this zip code. The LIHTC funded affordable housing units constitute about 1.2% of the estimated housing inventory in this area.
The LIHTC program has contributed to affordable housing in this zip code since 1988, beginning with the completion of the Myers Building Apartments. The most recent project on record was completed in 2005, indicating at least 17 years of affordable housing presence in the area. The 1990s experienced the most activity in LIHTC funded projects, with multiple phases of the Tremont Place Apartments being completed during this decade.
The available data indicates 72 one-bedroom units and 49 two-bedroom units among the LIHTC funded projects. This distribution suggests a focus on smaller household sizes in the affordable housing inventory.
The population in this zip code has shown a general upward trend over the past decade, increasing from 38,710 in 2015 to 41,607 in 2022. The median income has also risen significantly, from $84,644 in 2015 to $94,740 in 2022, representing an increase of about 12% over this period.
The racial composition of the area has remained relatively stable, with a slight decrease in the white population from 89% in 2015 to 87% in 2022. There has been a small increase in diversity, with the Hispanic population growing from 4% to 5% and the population identifying as two or more races increasing from 1% to 2% during this period.
Despite the rising median income, the population growth may indicate a continued need for affordable housing options. However, no new LIHTC projects have been recorded in the last decade.
Zip code 21157 in Westminster, Maryland, has an established foundation of LIHTC funded affordable housing, with projects dating back to the late 1980s. These units represent a small percentage of the estimated housing inventory, providing crucial low-income housing options. The area has experienced population growth and significant income increases over the past decade, alongside subtle shifts in racial diversity. These demographic trends highlight the ongoing importance of affordable housing initiatives in this evolving community.
