Analyzing the demographic trends over the past decade reveals interesting patterns. The population in this zip code has fluctuated, with a notable increase from 259 in 2015 to 409 in 2019, followed by a decrease to 335 in 2022. This population change coincides with the completion of the Teal Lake Village project in 2019.

Median income in the area has shown some variability, ranging from $47,125 in 2016 to $56,995 in 2017. The most recent data from 2022 indicates a median income of $55,136. This fluctuation in income levels may have influenced the decision to develop affordable housing in the area.

Regarding racial demographics, the zip code has consistently maintained a predominantly white population, with percentages ranging from 94% to 97% over the past decade. There has been a slight increase in diversity, with small percentages of Hispanic, Black, and multiracial residents reported in recent years.

The analysis of LIHTC funded affordable housing in zip code 65232 reveals a significant investment in providing affordable housing options, particularly for individuals with disabilities. The single project, Teal Lake Village, completed in 2019, accounts for nearly a quarter of the estimated housing units in the area. This recent development coincides with fluctuations in population and median income, potentially addressing an emerging need for affordable housing. The demographic data shows a predominantly white population with slight increases in diversity over the past decade. These factors combined paint a picture of a zip code that has recently prioritized affordable housing development to meet the needs of its changing population.