The inventory includes a diverse range of unit types, with 237 one-bedroom, 278 two-bedroom, 192 three-bedroom, and 10 four-bedroom units. This distribution suggests a focus on accommodating various household sizes and needs.

Over the past decade, the zip code has experienced a modest population growth, increasing from 44,753 in 2013 to 48,045 in 2022. Median income has also risen significantly, from $57,243 in 2013 to $67,248 in 2022, potentially indicating a growing need for affordable housing options.

The racial demographics have shown slight shifts, with the white population decreasing from 75% in 2013 to 68% in 2022, while other racial groups, particularly those identifying as two or more races, have seen increases. This diversification may influence the demand for affordable housing across different communities.

Zip code 53704 in Madison, Wisconsin, demonstrates a consistent commitment to affordable housing through its LIHTC-funded projects. With 3.9% of its estimated housing stock dedicated to affordable units, the area has made progress in addressing housing needs. The diverse range of unit types and the steady development of projects over nearly three decades reflect ongoing efforts to meet the evolving demographics and housing demands of the community. As the population continues to grow and diversify, maintaining and potentially expanding affordable housing options may remain a key consideration for this zip code.