The LIHTC-funded housing in this zip code includes a mix of unit types, with 330 efficiencies, 270 one-bedroom units, and 2 two-bedroom units. This distribution suggests a focus on smaller household sizes or individual residents.

Over the past decade, the zip code's population has grown from 29,232 in 2013 to 31,566 in 2022, an increase of about 8%. During this same period, the median income rose significantly from $93,638 in 2013 to $108,281 in 2022, a 15.6% increase.

Racial demographics have remained relatively stable, with slight shifts observed. The white population increased marginally from 39% in 2013 to 41% in 2022. The Asian population decreased slightly from 22% to 18%, while the Black population declined from 19% to 14%. The Hispanic population saw a modest increase from 14% to 19%.

No new LIHTC projects have been built in this zip code since 2012. This could be related to the increasing median income and relative stability in racial demographics, potentially indicating a shift in affordable housing needs or priorities in the area.

The 94602 zip code in Oakland, California, has an established foundation of LIHTC-funded affordable housing, with projects dating back to 1989. While these projects provide a significant number of affordable units, they represent a relatively small portion of the estimated housing inventory. The area has seen population growth and substantial income increases over the past decade, which may have influenced the lack of new LIHTC projects since 2012. The existing affordable housing stock primarily consists of smaller units, suggesting a focus on accommodating individuals or small households. These insights provide a snapshot of the affordable housing landscape in this zip code, reflecting both historical investments and changing community dynamics.