Loading Content...
Affordable Housing Inventory and Demographics in Zip Code 92571: A Two-Decade Analysis
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
Loading Content...
Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 92571, located in Perris, California, contains a significant Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory. This area encompasses 320 total units in LIHTC-funded projects, with 243 of these designated as low-income units. Based on the 2022 population of 63,319 and an estimated 24,260 housing units, the LIHTC-funded affordable housing represents approximately 1.32% of the total estimated housing stock in this zip code.
The LIHTC projects in zip code 92571 have received $2,770,477 in tax credits, averaging about $8,658 per unit in federal funding. This zip code accounts for 0.09% of California's total LIHTC funding, indicating a modest but notable contribution to the state's affordable housing efforts.
Affordable housing has been present in this zip code for over two decades. The first LIHTC project, Vintage Woods Apartments, was completed in 2000, while the most recent, Perris Family Apartments, was finished in 2015. The 2010s saw the most affordable housing development, with three projects completed during this decade: Meadowview II (2010), Meadowview I (2011), and Perris Family Apartments (2015).
The LIHTC-funded projects in zip code 92571 offer a diverse range of unit types. There are 69 one-bedroom units, 80 two-bedroom units, 66 three-bedroom units, and 24 four-bedroom units, catering to various family sizes and needs. Two notable projects, Meadowview I and Meadowview II, both target "At-Risk" populations, suggesting a focus on housing individuals or families who may be vulnerable to homelessness or facing other housing challenges.
Over the past decade, zip code 92571 has experienced steady population growth, increasing from 57,702 in 2013 to 63,319 in 2022. This 9.7% population increase aligns with the development of LIHTC projects during this period, indicating a response to growing housing needs. Median income in the area has also risen significantly, from $60,785 in 2013 to $73,419 in 2022, representing a 20.8% increase. Despite this overall income growth, the continued development of affordable housing suggests an ongoing need for low-income housing options.
The racial composition of zip code 92571 has remained relatively stable, with a slight increase in the Hispanic population from 70% in 2013 to 77% in 2022. This demographic consistency may have influenced the steady development of affordable housing to serve the community's needs.
Zip code 92571 has a modest but important LIHTC-funded affordable housing inventory, representing about 1.32% of the estimated total housing stock. The area has seen consistent development of affordable housing over the past two decades, with a concentration of projects completed in the 2010s. The diverse unit types and targeted populations in these projects reflect efforts to meet varied housing needs. While the area has experienced population growth and rising median incomes, the continued development of affordable housing through 2015 suggests an ongoing demand for low-income housing options in this community.
