Over the past decade, the population in zip code 35654 has remained relatively stable, fluctuating between 7,776 and 8,912 residents. The median income has shown variability, ranging from $39,217 to $47,812 during this period. The racial composition of the area has remained predominantly white, consistently accounting for around 80% of the population. There has been a slight increase in the Hispanic population, growing from 7% in 2015 to 16% in 2022.

The most recent LIHTC project in zip code 35654 was completed in 2013, coinciding with a period of population decline and fluctuating median income. This suggests that the affordable housing development may have been responding to changing economic conditions in the area.

Zip code 35654 in Russellville, Alabama, has a modest but significant LIHTC-funded affordable housing presence, covering approximately 4.29% of the estimated housing stock. The area has benefited from four LIHTC projects over two decades, with a total investment of over $1 million in tax credits. The housing stock is diverse, catering to various household sizes, with a focus on two-bedroom units. The population and racial composition have remained relatively stable over the past decade, while fluctuations in median income and a slight increase in the Hispanic population may have influenced the need for affordable housing in the area. The LIHTC program has played a role in providing affordable housing options in this zip code, contributing to the overall housing diversity and accessibility for lower-income residents.