Demographic trends in zip code 36617 reveal important context for the affordable housing landscape. The population has experienced a gradual decline over the past decade, decreasing from 14,091 in 2015 to 12,721 in 2022. Despite this population reduction, the median income has shown a significant increase, rising from $23,450 in 2015 to $36,540 in 2022. This upward trend in income may impact the demand for affordable housing in the area.

The racial composition of zip code 36617 has remained relatively stable. The Black population consistently represents the majority at approximately 95-96% of residents. The White population has slightly increased from 2% in 2015 to 3% in 2022, while other racial groups maintain small percentages. It is noteworthy that no new LIHTC projects have been constructed in the last decade. The increasing median income and stable racial composition may suggest changing housing needs in the area, potentially influencing the lack of recent LIHTC developments.

In summary, zip code 36617 in Mobile, Alabama, maintains a modest LIHTC-funded affordable housing inventory, covering about 2.32% of the estimated housing stock. LIHTC investments in this area span from 1989 to 2005, with a mix of unit types catering to various household sizes. While the population has slightly declined over the past decade, median income has increased significantly. These demographic shifts, along with the stable racial composition, may be influencing the current affordable housing landscape in the zip code. The analysis suggests that while LIHTC projects have contributed to affordable housing in the area, there may be evolving housing needs that could inform future affordable housing strategies.