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Affordable Housing in Zip Code 27527: Archer Lodge's LIHTC-Funded Units
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
The 27527 zip code in North Carolina, which includes Archer Lodge, has 6 LIHTC-funded affordable housing units. These units represent approximately 0.05% of the estimated 12,901 housing units in the zip code as of 2022. The LIHTC program has invested $478,020 in tax credits for affordable housing projects in this zip code, averaging $79,670 per unit. This zip code accounts for 0.11% of the total LIHTC funding allocated to North Carolina.
The affordable housing in this zip code is represented by a single project, Riverwood Haven, completed in 2015. Riverwood Haven consists of 6 units, with 3 one-bedroom and 3 two-bedroom apartments. This project marks the beginning of LIHTC-funded affordable housing in the area.
The zip code has experienced significant population growth, increasing from 19,913 in 2015 to 33,671 in 2022, a growth rate of about 69%. This rapid growth may indicate a rising demand for housing, including affordable options. The median income in the zip code has shown an upward trend, rising from $84,068 in 2015 to $94,222 in 2022.
Racial demographics in the zip code have remained relatively stable, with a slight decrease in the white population from 77% in 2015 to 72% in 2022, and small increases in black (7% to 14%) and Hispanic (7% to 8%) populations. This gradual diversification could potentially influence future affordable housing needs and planning.
The 27527 zip code has a modest LIHTC-funded affordable housing inventory. While this represents a small fraction of the estimated housing stock, other affordable housing programs may also be present in the area. The zip code has experienced rapid population growth and increasing median income over the past decade, which could influence future affordable housing needs. As the area continues to grow and diversify, ongoing assessment of affordable housing requirements will be crucial to ensure balanced community development.
