Over the past decade, the population in zip code 63050 has shown steady growth, increasing from 14,751 in 2013 to 16,474 in 2022. During this same period, the median income has also risen significantly, from $66,116 in 2013 to $74,755 in 2022. This upward trend in both population and income might suggest a changing economic landscape in the area.

The racial composition of the zip code has remained relatively stable, with a slight decrease in the white population from 96% in 2013 to 92% in 2022. There has been a small increase in diversity, with slight growth in the Hispanic, Black, and multi-racial populations. No new LIHTC projects have been developed in this zip code over the last decade. The rising median income and population growth might indicate changing housing needs in the area, potentially affecting the demand for additional affordable housing units.

Zip code 63050 in Hillsboro, Missouri, has a modest LIHTC-funded affordable housing inventory, comprising 40 units across two projects. These units, all designated as low-income, represent a small fraction of the estimated housing stock. The LIHTC program has been supporting affordable housing in this area since 1999, with the most recent project completed in 2002. While the population and median income have grown over the past decade, there has not been any new LIHTC development during this period. The changing demographics and economic conditions of the zip code may be influencing the current affordable housing landscape.