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Affordable Housing Analysis in Springfield, Missouri Zip Code 65810: A Single LIHTC Project
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
The zip code 65810 in Springfield, Missouri contains one Low-Income Housing Tax Credit (LIHTC) funded affordable housing project. This project, named "Villas At Quail Creek," provides 59 total units, all of which are designated as low-income units. Based on the 2022 population estimate, the zip code area has approximately 8,054 housing units. The LIHTC-funded affordable housing represents about 0.73% of the area's housing inventory.
The LIHTC program has allocated $661,300 in tax credits to this zip code, with an average of $11,207 per affordable unit. This allocation constitutes 0.19% of Missouri's total LIHTC allocation, indicating a relatively small portion of the state's affordable housing investments. The Villas At Quail Creek project was completed in 2011, marking the introduction of LIHTC-funded affordable housing in the area. The project offers a variety of unit types, including 3 one-bedroom and 3 two-bedroom units, with the remaining 53 units likely comprising other sizes.
The zip code 65810 has experienced some demographic changes over the past decade. The population has remained relatively stable, decreasing slightly from 21,737 in 2015 to 21,022 in 2022. Median income has shown an overall upward trend, increasing from $69,893 in 2015 to $74,922 in 2022, with a peak of $84,784 in 2021.
The racial composition of zip code 65810 has undergone minor changes. The white population has decreased from 92% in 2015 to 88% in 2022. There have been small increases in Asian (2% to 3%), Black (1% to 2%), and Hispanic (1% to 4%) populations. The area has also seen a slight increase in residents identifying as two or more races, from 1% in 2015 to 3% in 2022.
The stability in population and increase in median income may suggest a reduced need for additional affordable housing in recent years. However, the slight diversification of the racial makeup could indicate changing housing needs that may not be fully addressed by the current LIHTC inventory.
The 65810 zip code area of Springfield, Missouri, has a single LIHTC-funded affordable housing project, Villas At Quail Creek, completed in 2011. This project provides 59 low-income units, representing a small fraction of the area's estimated housing inventory. The area has seen relative stability in population, an increase in median income, and slight diversification in its racial composition over the past decade. The LIHTC project contributes to the area's affordable housing stock, covering less than 1% of the estimated housing units, which suggests potential room for growth in affordable housing options to meet evolving community needs.
