Over the past decade, zip code 93442 has experienced a slight population increase, growing from 10,845 in 2010 to 11,473 in 2022. Median income has risen significantly, from $59,095 in 2013 to $79,849 in 2022. This income growth might suggest a decreasing need for affordable housing, but rising incomes can also lead to increased housing costs, potentially maintaining or increasing the demand for affordable options.

The racial composition of zip code 93442 has remained relatively stable, with a slight decrease in the white population (from 81% in 2017 to 75% in 2022) and small increases in Asian and Hispanic populations. This gradual diversification could indicate a need for culturally sensitive affordable housing options.

Zip code 93442 in Morro Bay, California, has a modest but significant LIHTC-funded affordable housing presence, representing about 2.1% of the estimated housing stock. The area has seen consistent development of affordable housing over two decades, with the most recent projects completed in the mid-2010s. While the median income has increased substantially, the need for affordable housing likely persists due to potential increases in overall housing costs. The demographic shifts, though slight, suggest a need for diverse and inclusive affordable housing options to serve the changing population.