The affordable housing inventory in zip code 33131 consists primarily of efficiency units, with 73 efficiencies and 8 one-bedroom units. This suggests a focus on housing for individuals or small households.

Over the past decade, the population in zip code 33131 has grown significantly, from 14,581 in 2013 to 22,908 in 2022. During this period, the median income has fluctuated but generally increased, rising from $103,829 in 2013 to $114,007 in 2022.

The racial composition of the zip code has remained relatively stable, with Hispanic residents consistently comprising the majority (around 54-58% of the population). The white population has slightly decreased from 36% in 2013 to 33% in 2022, while the Asian population has increased from 1% to 5% during the same period.

Despite the population growth and rising median income, no new LIHTC projects have been developed in the last decade. This could be due to the area's high median income, which may reduce the perceived need for additional affordable housing units.

Zip code 33131 in Miami has a small but established LIHTC-funded affordable housing inventory, representing less than 1% of the estimated total housing units. The area has seen significant population growth and rising incomes over the past decade, with a stable racial composition dominated by Hispanic residents. While LIHTC development has been absent in recent years, the existing projects continue to provide a mix of efficiency and one-bedroom units, contributing to the area's affordable housing options.