Loading Content...
Affordable Housing in Zip Code 27262: Two Decades of LIHTC Investment in High Point, NC
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
Loading Content...
Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 27262 in High Point, North Carolina, contains Low-Income Housing Tax Credit (LIHTC) funded affordable housing. The area has 184 total units in LIHTC-funded projects, with 85 designated as low-income units. Based on the 2022 population of 25,956 and using the national average household size, there are approximately 9,945 housing units in this zip code. LIHTC-funded affordable housing represents about 1.85% of the estimated housing inventory.
The LIHTC projects in zip code 27262 have received $1,204,132 in tax credits, averaging $6,544 per unit in federal funding. This zip code holds 0.28% of North Carolina's total LIHTC funding. Affordable housing has been present in this zip code since at least 1996, with the completion of Laurelwood Park Apartments. The most recent project, Kirkwood Crossing, was completed in 2017, spanning over two decades of affordable housing development.
The housing mix in these LIHTC projects primarily consists of two-bedroom and three-bedroom units. There are 110 two-bedroom units and 74 three-bedroom units, suggesting a focus on accommodating small to medium-sized families.
Over the past decade, zip code 27262 has experienced demographic shifts. The population has grown from 24,004 in 2010 to 25,956 in 2022, an 8.1% increase. Median income has risen from $50,896 in 2013 to $59,984 in 2022, representing a 17.9% increase.
The area has become slightly more diverse racially. The white population decreased from 58% in 2013 to 52% in 2022, while the Black population increased from 27% to 28%, and the Hispanic population grew from 10% to 12%. The Asian population increased from 1% to 4%. These demographic changes, particularly the population growth and income increase, may have influenced the need for affordable housing in the area.
Zip code 27262 in High Point, North Carolina, has a modest LIHTC-funded affordable housing presence, with 184 total units and 85 low-income units. This represents about 1.85% of the estimated housing inventory. The area has seen continuous investment in affordable housing over two decades, with projects adapting to changing demographics and growing population. While the percentage of affordable housing is lower than the ideal target of 15-20%, other affordable housing programs may also be operating in this area, contributing to the overall affordable housing stock.
