Over the past decade, the population of zip code 32308 has remained relatively stable, fluctuating between 21,000 and 23,000 residents. The median income has shown some variability, ranging from about $63,000 to $73,000. Despite these fluctuations, the area has maintained a consistent racial composition, with the white population representing approximately two-thirds of residents, and the Black population accounting for about one-fifth to one-quarter of the total.

The absence of new LIHTC projects in the last decade may be attributed to the relatively high median income levels, which have remained above $60,000 throughout this period. This suggests that the existing affordable housing stock may be meeting the current needs of the low-income population in the area.

Zip code 32308 in Tallahassee has a significant LIHTC-funded affordable housing presence, with 774 total units, including 494 low-income units. This represents about 8.8% of the estimated housing inventory. The area experienced active development of affordable housing in the 1990s and early 2000s, with a mix of unit sizes to accommodate diverse household needs. While no new LIHTC projects have been developed in the last decade, this may be due to the area's relatively high median income and stable demographics, suggesting that the existing affordable housing stock is adequately serving the community's needs.