Loading Content...
Loading Content...
Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 76258, located in Pilot Point, Texas, contains 258 Low-Income Housing Tax Credit (LIHTC) funded affordable housing units. This zip code spans 102.3 square miles and had a population of 9,949 in 2022. The LIHTC funded units represent approximately 6.8% of the total housing stock in this zip code, based on an estimated housing inventory of 3,812 units.
The zip code has two LIHTC funded projects: Pilot Point Apts and Emli At Pecan Creek. Pilot Point Apts, completed in 2000, offers 4 units, including 2 one-bedroom and 2 two-bedroom apartments. Emli At Pecan Creek, with 254 units, is the larger of the two projects. The presence of LIHTC funded housing in this zip code spans at least two decades, indicating a long-term commitment to providing affordable housing options in the area.
Over the past decade, zip code 76258 has experienced significant population growth, increasing from 6,861 in 2013 to 9,949 in 2022, representing a 45% increase. Median income has also risen substantially, from $73,447 in 2013 to $82,443 in 2022, with a peak of $100,138 in 2021. This upward trend in income might indicate a changing economic landscape in the zip code, potentially affecting the need for affordable housing.
Racial demographics have remained relatively stable, with the white population consistently representing the majority (67-77% over the past decade). However, there has been a slight increase in diversity, with small growth in Black, Hispanic, and multi-racial populations. This demographic shift could influence future affordable housing needs and considerations.
Zip code 76258 has a modest LIHTC funded affordable housing inventory, comprising 6.8% of the estimated total housing stock. The area has seen significant population growth and income increases over the past decade, which may impact future affordable housing needs. The changing demographics and economic conditions of the area suggest that ongoing assessment of affordable housing needs will be crucial for maintaining a balanced housing market in this growing community.