The inventory primarily consists of two-bedroom units (84), followed by one-bedroom units (28), three-bedroom units (16), and four-bedroom units (4). This distribution suggests a focus on accommodating small to medium-sized families and individuals.

Over the past decade, the population in zip code 32225 has increased from 49,852 in 2013 to 53,038 in 2022. The median income has also risen, from $74,443 in 2013 to $80,070 in 2022, indicating a general improvement in economic conditions.

Racial demographics have remained relatively stable, with a slight increase in diversity. The white population decreased from 64% in 2013 to 60% in 2022, while the Hispanic population grew from 8% to 11%. The Black population has remained consistent at around 16%, and the Asian population has held steady at 6%.

Despite the lack of new LIHTC projects in the last decade, the demographic data suggests a potential need for additional affordable housing. The population growth and increasing median income could be putting pressure on housing affordability for lower-income residents.

Zip code 32225 in Jacksonville, Florida, has a small but established LIHTC-funded affordable housing inventory, covering less than 1% of the estimated housing units. The area has seen two LIHTC projects completed between 1991 and 2006, with a focus on two-bedroom units. While the zip code has experienced moderate population growth and rising median incomes over the past decade, the lack of recent LIHTC developments may indicate a need for reassessment of affordable housing needs in the area, especially considering the slight increase in racial diversity and continued population growth.