The affordable housing inventory in zip code 62249 consists of 30 one-bedroom units and 6 two-bedroom units. This unit distribution suggests a focus on housing for smaller households or individuals. Both LIHTC projects in this zip code appear to cater to the senior population based on their names.

Over the past decade, zip code 62249 has experienced modest population growth, increasing from 15,323 in 2013 to 15,666 in 2022. Median income has risen from $73,054 in 2013 to $83,267 in 2022, representing a 14% increase. The racial composition has remained relatively stable, with a slight increase in diversity. The white population decreased from 94% in 2013 to 93% in 2022, while the Asian population increased from 1% to 3%, and the population identifying as two or more races grew from 0% to 3%.

The absence of new LIHTC projects in the last decade, combined with rising median incomes, may indicate a reduced need for additional low-income housing in this area. However, other affordable housing programs not captured in this data may be addressing housing needs.

In summary, zip code 62249 in Highland, Illinois, has a small but established LIHTC-funded affordable housing inventory, primarily developed in the early 1990s. These projects, focused on senior housing, represent a small fraction of the total estimated housing stock. The area has seen moderate population growth and significant income increases over the past decade, potentially influencing the demand for affordable housing. While the LIHTC inventory has remained stable, the changing demographics and economic conditions of the zip code may be shaping its current and future affordable housing needs.