Loading Content...
Loading Content...
Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 63025, located in Eureka, Missouri, encompasses an area of 42.79 square miles with a population of 14,809 as of 2022. This zip code contains one Low-Income Housing Tax Credit (LIHTC) funded affordable housing project, which provides 48 affordable units, all categorized as low-income units. The LIHTC funded affordable housing represents approximately 0.85% of the zip code's estimated housing inventory of 5,674 units.
The LIHTC project in zip code 63025 received $530,000 in tax credits, averaging $11,042 per unit in federal funding. This funding constitutes 0.15% of Missouri's total LIHTC allocation, indicating a relatively small portion of the state's affordable housing investment in this area.
The sole LIHTC project in zip code 63025, Avonlea Senior Living, was completed in 2018. This project specifically caters to the handicapped population, addressing the housing needs of seniors and individuals with disabilities in the area. Avonlea Senior Living consists of 48 units, comprising 12 one-bedroom and 36 two-bedroom apartments. This unit distribution accommodates both single residents and small families or couples within the handicapped community.
Zip code 63025 experienced significant population growth over the past decade, increasing from 11,290 in 2010 to 14,809 in 2022, representing a growth of nearly 31%. This population increase may have contributed to the need for additional affordable housing options, leading to the development of Avonlea Senior Living in 2018.
The median income in zip code 63025 has shown an overall upward trend, rising from $91,525 in 2013 to $102,957 in 2022. Despite this increase, the presence of an LIHTC project indicates a recognized need for affordable housing options, particularly for specific populations such as seniors and individuals with disabilities.
Racial demographics in zip code 63025 have remained relatively stable, with a slight decrease in the white population from 93% in 2013 to 86% in 2022. There has been a small increase in diversity, with modest growth in Asian, Hispanic, and multi-racial populations. This gradual diversification may have influenced the decision to develop affordable housing options to ensure inclusivity in the community.
Zip code 63025 contains a single LIHTC funded affordable housing project, Avonlea Senior Living, which was completed in 2018 and provides 48 low-income units specifically targeted towards the handicapped population. While this project represents a small portion of the overall housing stock, it addresses a specific need within the community. The zip code has experienced significant population growth and increasing median income over the past decade, alongside a gradual increase in racial diversity. These demographic shifts may have influenced the development of affordable housing options to ensure the area remains accessible to various income levels and populations, particularly those with special needs.