The population of zip code 28394 has shown fluctuations over the past decade, with an overall upward trend from 5,233 in 2013 to 5,558 in 2022. Concurrently, the median income has increased substantially, rising from $54,047 in 2013 to $70,677 in 2022, representing a 30.8% increase.

Racial demographics in the zip code have undergone slight shifts. The white population decreased from 79% in 2019 to 70% in 2022, while the Black population increased from 11% to 17% during the same period. The Hispanic population has remained relatively stable, fluctuating between 5-8% over the past few years.

Despite these demographic changes, no new LIHTC projects have been developed in zip code 28394 in the last decade. This lack of new development may be attributed to the rising median income, potentially indicating a reduced need for additional affordable housing units.

In summary, zip code 28394 in Vass, North Carolina, contains a single LIHTC-funded affordable housing project, Holly Ridge Apartments, which has provided 16 low-income units since 1990. While this represents a small percentage of the estimated housing stock, it has served as a consistent source of affordable housing for over 30 years. The area has experienced population growth and significant increases in median income over the past decade, along with minor shifts in racial demographics. These factors may have influenced the absence of new LIHTC developments in recent years.