Over the past decade, zip code 91040 has experienced demographic shifts. The population has remained relatively stable, fluctuating between 22,000 and 23,000 residents. Median income has shown an overall upward trend, increasing from $79,555 in 2013 to $91,536 in 2022, with a peak of $108,607 in 2021.

Racial distribution in the area has remained fairly consistent, with minor changes. The white population has increased from 60% in 2013 to 61% in 2022. The Hispanic population has decreased from 27% to 23% during the same period. The Asian population has increased from 8% to 9%, while the Black population has grown from 1% to 3%.

These demographic trends, particularly the rising median income, may partially explain why no additional LIHTC projects have been developed in the area since 2009. The increasing income levels might suggest a reduced need for affordable housing in this specific zip code.

Zip code 91040 in Los Angeles has a single LIHTC-funded affordable housing project, Burns Manor, which provides 82 units of affordable housing. While this represents a small percentage of the estimated total housing stock, it has been a consistent presence in the community since 2009. The area has experienced rising median incomes and slight shifts in racial demographics over the past decade, which may influence the perceived need for additional affordable housing developments in this location.