The zip code has experienced consistent population growth, increasing from 30,976 in 2010 to 35,136 in 2022. Median income has also risen, from $85,285 in 2013 to $93,452 in 2022, indicating potential economic changes in the area.

Racial demographics have remained relatively stable with a slight increase in diversity. The white population decreased from 89% in 2014 to 88% in 2022, while the Hispanic population grew from 2% to 5% during the same period. The black population has remained steady at approximately 2-3%.

The introduction of LIHTC funded housing in 2020 coincides with the area's population growth and increasing median income, potentially addressing a growing need for affordable housing options in an increasingly prosperous area.

Zip code 28409 in Wilmington, NC, has a modest LIHTC funded affordable housing presence, with 72 units completed in 2020. This represents a small portion of the estimated housing stock but marks a significant investment in affordable housing for the area. The demographic trends show a growing, increasingly diverse population with rising median incomes, suggesting a potential need for continued affordable housing development to maintain a balanced community.