Loading Content...
Loading Content...
Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 29681, located in Five Forks, South Carolina, contains Low-Income Housing Tax Credit (LIHTC) funded affordable housing. This area has 90 affordable units, all designated as low-income units. Based on the 2022 population of 64,445 and an estimated housing inventory of 24,692 units, the LIHTC funded affordable housing comprises approximately 0.36% of the zip code's housing stock.
The LIHTC projects in zip code 29681 have received $770,800 in project tax credits, averaging $8,564 per unit. This funding represents 0.2% of South Carolina's total LIHTC allocations. The affordable housing presence in this zip code spans over a decade, with the first project, Woodcreek Apts II, completed in 2010, and the most recent, Parkside At Main, finished in 2020. The 2020s marked the decade with the most recent affordable housing development in this area.
The housing units are distributed as follows: 22 one-bedroom, 56 two-bedroom, and 12 three-bedroom units. This distribution suggests a focus on accommodating small to medium-sized households.
Over the past decade, zip code 29681 has experienced significant population growth, increasing from 45,155 in 2010 to 64,445 in 2022. This 42.7% growth may have contributed to the need for additional affordable housing, as evidenced by the completion of the Parkside At Main project in 2020.
The median income in the area has increased, rising from $90,173 in 2013 to $95,051 in 2022. Despite this increase, the continued development of affordable housing suggests ongoing demand for low-income units, possibly due to income disparities within the growing population.
Racial demographics have remained relatively stable, with a slight decrease in the white population from 79% in 2013 to 74% in 2022, and a small increase in the Black population from 10% to 12% during the same period. The Asian and Hispanic populations have remained steady at around 3% and 7% respectively.
Zip code 29681 in Five Forks, South Carolina, has a modest but growing affordable housing presence through the LIHTC program. With 90 low-income units built over a decade, the area has seen continued investment in affordable housing despite rising median incomes. The population growth and slight shifts in racial demographics may have influenced the ongoing need for affordable housing options. The current LIHTC funded units represent a small percentage of the total estimated housing stock, but play a role in providing affordable options in this rapidly growing area.