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Affordable Housing Analysis in Webster Groves' 63119 Zip Code: Three Decades of LIHTC Development
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Webster Groves, located in Missouri's 63119 zip code, has a population of 34,537 as of 2022. The area contains a Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory of 368 total units, with 335 designated as low-income units. This represents approximately 2.78% of the estimated 13,233 housing units in the zip code.
The LIHTC program has allocated $609,648 in project tax credits to this zip code, averaging $1,657 in federal funding per unit. This allocation constitutes 0.17% of Missouri's total LIHTC funding. Affordable housing has been present in this zip code for over 30 years, with the first LIHTC project completed in 1987 at 806 Holland Ave. The most recent addition, North Webster Village, was constructed in 2017 for individuals with disabilities. The 1980s experienced the highest concentration of affordable housing development, with five projects completed between 1987 and 1989.
The LIHTC funded projects in this zip code offer various unit sizes to accommodate different household needs. The inventory includes 24 two-bedroom units, 19 three-bedroom units, and 4 four-bedroom units. Data on efficiencies and one-bedroom units is not available.
The zip code has experienced a slight population increase over the past decade, growing from 33,703 in 2013 to 34,537 in 2022. During this period, the median income increased from $89,999 in 2013 to $99,260 in 2022, indicating an overall improvement in economic conditions. The continued development of affordable housing projects, such as St Joseph/Holy Infant Apts in 2013 and North Webster Village in 2017, suggests an ongoing need for affordable options despite rising incomes.
The racial composition of the area has remained relatively stable. The white population decreased slightly from 85% in 2013 to 79% in 2022, with small increases in Hispanic and multiracial populations. This gradual diversification may contribute to the continued need for affordable housing options to support a varied community.
The 63119 zip code area has maintained a consistent commitment to affordable housing through the LIHTC program over the past three decades. The current inventory of LIHTC funded units represents a small portion of the overall housing stock but provides crucial support for low-income residents. The area's rising median income and subtle demographic shifts suggest an evolving community landscape, where affordable housing continues to play an important role in maintaining diversity and accessibility for various income levels.
