Zip code 94030 has experienced modest population growth over the past decade, increasing from 22,047 in 2012 to 23,348 in 2022. During this period, the median income has risen significantly, from $99,562 in 2013 to $128,956 in 2022. This upward trend in income levels may indicate a growing need for affordable housing options to maintain economic diversity in the area.

The racial composition of zip code 94030 has remained relatively stable. The Asian population increased slightly from 41% in 2013 to 47% in 2022, while the White population decreased from 39% to 34% during the same period. The Hispanic population has fluctuated between 10-15% throughout the decade. This demographic stability suggests that the affordable housing needs of various racial groups have likely remained consistent over time.

The 94030 zip code in Millbrae, California, has a small but important LIHTC funded affordable housing presence. The Dolores Lia project, completed in 2012, represents the entirety of LIHTC investment in this zip code. While the affordable housing inventory covers a small percentage of the total estimated housing units, it plays a crucial role in providing options for low-income residents. The area has experienced steady population growth and significant income increases over the past decade, potentially indicating an ongoing need for affordable housing options to maintain community diversity and economic inclusivity.