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Affordable Housing Analysis in Zip Code 63069: Wildwood, Missouri's LIHTC Inventory
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 63069, located in Wildwood, Missouri, has a population of 17,728 as of 2022. This area has a LIHTC funded affordable housing inventory of 219 total units, with 193 designated as low-income units. Based on the estimated 6,792 housing units in the zip code, LIHTC funded affordable housing comprises approximately 3.2% of the total housing inventory.
The LIHTC projects in zip code 63069 have received $518,000 in project tax credits, averaging about $2,365 per unit. This funding represents 0.15% of Missouri's total LIHTC allocation, indicating a modest investment in affordable housing for this area.
The affordable housing presence in zip code 63069 spans nearly three decades, with the first project completed in 1992 and the most recent known completion in 2009. The 1990s saw the most activity in affordable housing development, with five projects completed during this decade.
The LIHTC funded projects in zip code 63069 offer a mix of unit types, with a predominance of two-bedroom units (168), followed by one-bedroom (26) and three-bedroom (25) units. This distribution suggests a focus on accommodating small to medium-sized families and individuals.
Over the past decade, the population in zip code 63069 has shown fluctuation, with an increase from 16,159 in 2020 to 17,728 in 2022. The median income has varied, reaching $88,409 in 2018 before declining to $80,899 in 2022. This economic shift could potentially increase the need for affordable housing options.
Racial demographics in zip code 63069 have remained relatively stable, with a slight decrease in the white population from 90% in 2019 to 87% in 2022, and a small increase in diversity, particularly in the "two or more races" category, which grew from 2% to 7% during the same period.
Zip code 63069 has an established foundation of LIHTC funded affordable housing, developed primarily in the 1990s and early 2000s. While the affordable housing stock represents a small portion of the total estimated housing units, it provides essential options for low-income residents. The area's changing demographics and economic conditions suggest an ongoing need for affordable housing options, which may warrant continued attention to LIHTC and other affordable housing initiatives in the future.
