The population in zip code 48158 has remained relatively stable over the past decade, with a slight decrease from 7,269 in 2014 to 7,082 in 2022. During this period, the median income has shown an overall upward trend, increasing from $70,168 in 2014 to $79,841 in 2022, with a peak of $91,530 in 2021. The racial composition of the area has remained predominantly white, decreasing slightly from 95% in 2014 to 92% in 2022. The Hispanic population has grown from 2% to 3% during this period.

The stable population and increasing median income in zip code 48158 suggest that the demand for additional affordable housing may not have significantly changed in recent years. This could explain the absence of new LIHTC projects in the last decade.

Zip code 48158 has a small but established affordable housing inventory supported by the LIHTC program. The 56 low-income units across two projects provide housing options for approximately 2.06% of the estimated housing units in the area. The focus on one and two-bedroom units suggests a target towards smaller households. While the area has experienced economic growth in terms of median income, the population has remained stable, potentially indicating a balanced housing market. The long-standing presence of these LIHTC projects, dating back to 1987, demonstrates a commitment to maintaining affordable housing options in the community.