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Affordable Housing in Zip Code 35210: Analysis of LIHTC-Funded Inventory in Irondale, Alabama
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 35210 in Irondale, Alabama, contains a unique Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory. This zip code has 9 total affordable units, all designated as low-income units. The area spans approximately 25.46 square miles and had a population of 14,551 in 2022. Using the national average household size of 2.61, the estimated housing inventory for this zip code is approximately 5,575 units. The LIHTC funded affordable housing comprises about 0.16% of the estimated housing inventory in this zip code.
The LIHTC program has invested $459,024 in tax credits for affordable housing projects in zip code 35210. This equates to an average federal funding of $51,002 per unit. This zip code accounts for 0.26% of the total LIHTC funding allocated to the state of Alabama.
The single LIHTC project in this zip code, Augusta Pointe, was completed in 1998, representing over two decades of affordable housing presence in the area. This project consists of 9 units, including 2 one-bedroom, 4 two-bedroom, and 3 three-bedroom units, offering a variety of housing options for different household sizes.
The population in zip code 35210 has remained relatively stable over the past decade, fluctuating between 14,200 and 15,200 residents. The median income has shown an upward trend, increasing from $57,045 in 2017 to $69,306 in 2022, indicating improving economic conditions for residents.
Racial demographics have remained fairly consistent in zip code 35210. The white population has comprised the majority at around 60-63% throughout the decade. The Black population has slightly decreased from 31% in 2019 to 26% in 2022, while the Hispanic population has remained steady at approximately 6-7%.
Zip code 35210 in Irondale, Alabama, has a small but established LIHTC funded affordable housing inventory, with one project providing 9 low-income units. This represents a small fraction of the estimated housing stock but has been a consistent presence since 1998. The area has experienced stable population levels and increasing median incomes over the past decade, suggesting evolving housing needs that may influence future affordable housing developments.
