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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 63084 in Missouri covers an area of 74.97 square miles with a population of 19,269 as of 2022. This zip code contains a significant Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory, comprising 156 total affordable units, all designated as low-income units. Based on the estimated housing inventory of 7,383 units, LIHTC funded affordable housing represents approximately 2.11% of the zip code's housing stock.
The LIHTC projects in zip code 63084 have received $3,794,413 in project tax credits, averaging $24,323 in federal funding per unit. This zip code holds 1.08% of the total state LIHTC funding, indicating a moderate concentration of affordable housing investment in this area.
The first LIHTC projects in zip code 63084 were completed in 1988, with "5 Potomac Ct" and "Park Hills Apts (Union)" being among the earliest developments. The most recent project with a known completion date is "Oak View Village-Phase 2," finished in 2016. This demonstrates a span of nearly three decades of affordable housing presence in the zip code.
The 1980s saw the most affordable housing projects completed, with three projects: "5 Potomac Ct," "Park Hills Apts (Union)," and "7 Potomac Ct." The 2010s also saw significant development with "Oak View Village" and its second phase. In terms of unit distribution, zip code 63084 has 99 two-bedroom units and 30 three-bedroom units in LIHTC funded projects. This suggests a focus on accommodating small to medium-sized families in the affordable housing inventory.
Over the last decade, the population in zip code 63084 has grown from 17,403 in 2013 to 19,269 in 2022, indicating a steady increase in residents. The median income has also risen from $53,660 in 2013 to $62,907 in 2022, showing improved economic conditions for residents. Racial demographics have remained relatively stable, with a slight decrease in the white population from 96% in 2013 to 90% in 2022. There has been a small increase in diversity, with slight growth in Asian, Black, Hispanic, and multi-racial populations.
Zip code 63084 has a modest LIHTC funded affordable housing inventory, covering about 2.11% of the estimated housing stock. The area has seen consistent investment in affordable housing over nearly three decades, with projects ranging from the late 1980s to the mid-2010s. The focus on two and three-bedroom units indicates a priority on family-oriented affordable housing. While the zip code has experienced population growth and rising median incomes, the relatively small percentage of affordable housing units suggests there may be ongoing demand for such housing options to support the diverse needs of the community.