Loading Content...
Loading Content...
Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 27284, located in Kernersville, North Carolina, has a substantial Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory. The area has a total of 674 units in LIHTC funded projects, with 557 of these designated as low-income units. Based on the 2022 population of 57,674 and an estimated 22,097 housing units, the LIHTC funded affordable housing covers approximately 3.05% of the zip code's estimated housing inventory.
The LIHTC projects in this zip code have received $2,440,606 in project tax credits, averaging about $3,621 per unit in federal funding. This zip code holds 0.56% of the total state LIHTC funding, indicating a significant investment in affordable housing for the area.
Affordable housing has been present in this zip code for nearly three decades. The first LIHTC projects, Robinwood Apts At Kernersville and Village East Apartments, were completed in 1989. The most recent project, Friar Woods Apartments, was completed in 2016. The 1980s saw the most affordable housing projects completed, with three projects built between 1989 and 1990.
The LIHTC funded housing in this zip code offers a variety of unit sizes. There are 131 one-bedroom units, 378 two-bedroom units, and 94 three-bedroom units, catering to different household sizes and needs.
Over the past decade, the population in this zip code has grown from 52,311 in 2013 to 57,674 in 2022, an increase of about 10%. During this same period, the median income has risen from $64,706 in 2013 to $70,471 in 2022, an increase of approximately 8.9%.
The racial composition of the zip code has slightly shifted over the past decade. The white population has decreased from 78% in 2013 to 71% in 2022, while the Black population has increased from 10% to 13%, and the Hispanic population has grown from 8% to 11%. This gradual diversification may indicate a growing need for affordable housing options to accommodate various demographic groups.
Zip code 27284 has a notable LIHTC funded affordable housing inventory, covering about 3.05% of the estimated housing stock. The area has seen consistent investment in affordable housing over nearly three decades, with projects ranging from the late 1980s to the mid-2010s. The diverse unit sizes available cater to different household needs. While the population and median income have grown over the past decade, the racial composition has become more diverse, potentially indicating an evolving need for affordable housing options.