The 1990s saw the most activity in LIHTC-funded affordable housing development in zip code 34787, with two projects completed during this decade. The distribution of unit types shows a focus on larger living spaces, with 154 two-bedroom units, 76 one-bedroom units, 76 three-bedroom units, and 16 four-bedroom units.

Over the past decade, zip code 34787 has experienced substantial population growth, increasing from 51,053 in 2013 to 82,119 in 2022. This rapid growth may indicate an increasing need for affordable housing options. The median income in zip code 34787 has also risen, from $79,297 in 2013 to $97,518 in 2022, which could potentially impact affordability for some residents.

Racial demographics in zip code 34787 have remained relatively stable, with a slight increase in diversity. The white population decreased slightly from 55% in 2013 to 52% in 2022, while the Hispanic population increased from 22% to 24%. The Asian population grew from 4% to 7%, and the percentage of residents identifying as two or more races increased from 1% to 7%.

Zip code 34787 in Horizon West, Florida, has a modest LIHTC-funded affordable housing inventory, comprising 1.9% of the estimated total housing stock. The area has seen significant population growth and increasing median incomes over the past decade. The existing LIHTC projects provide affordable housing options, but the rapid population growth may indicate a need for additional affordable units to maintain a balanced housing market.