Zip code 27205 has experienced slight fluctuations in population over the past decade, with an overall growth trend. The population increased from 34,348 in 2013 to 35,673 in 2022. The median income has risen from $47,903 in 2013 to $53,598 in 2022, indicating a gradual improvement in economic conditions.

The racial composition of zip code 27205 has remained relatively stable, with a slight decrease in the white population from 81% in 2013 to 78% in 2022. There has been a modest increase in diversity, with the Hispanic population growing from 11% to 14% and the Black population increasing from 3% to 4% during this period. Despite these demographic changes, there has not been an expansion of LIHTC projects in the last decade.

Zip code 27205 in Asheboro, North Carolina, has a small but established LIHTC funded affordable housing presence. With 4 low-income units completed in 2008, the area has maintained a consistent affordable housing inventory for over a decade. While the LIHTC funded units represent a small percentage of the estimated housing stock, they play a role in addressing affordable housing needs. The zip code has experienced moderate population growth and income increases over the past decade, along with slight shifts in racial composition. These demographic trends, combined with the stable LIHTC inventory, suggest a complex interplay of factors influencing affordable housing needs and development in the area.