Zip code 60441 in Lockport, Illinois presents a distinct affordable housing scenario. The Low-Income Housing Tax Credit (LIHTC) program has funded 5 affordable housing units in this area, all of which are classified as low-income units. Based on the 2022 population of 37,626 and the national average household size, an estimated 14,416 housing units exist in this zip code. The LIHTC-funded affordable housing constitutes approximately 0.03% of the estimated housing inventory in this area.

The LIHTC program has allocated $313,273 in tax credits for affordable housing projects in zip code 60441, averaging $62,655 per unit. This investment represents 0.04% of the total LIHTC funding allocated to the state of Illinois. The affordable housing landscape in this zip code is characterized by a single project, Lockport Senior Housing, which was completed in 2001. This project has provided affordable housing options in the area for over two decades. All 5 units in this project are one-bedroom apartments, indicating a focus on smaller household sizes.

Over the past decade, the population in zip code 60441 has remained relatively stable, with minor fluctuations. The median income has demonstrated a general upward trend, increasing from $78,819 in 2013 to $90,603 in 2022. This rise in median income may suggest a decreasing need for affordable housing in the area.