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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 63122 in Kirkwood, Missouri, has a population of 40,218 as of 2022 and covers an area of 14.42 square miles. The Low-Income Housing Tax Credit (LIHTC) program has funded 106 total units in this zip code, with 30 of these designated as low-income units. Based on the estimated housing inventory of 15,409 units, LIHTC-funded affordable housing covers approximately 0.69% of the zip code's housing stock.
The LIHTC program has funded six projects in this zip code, providing a total of 106 units. The distribution of unit sizes includes 5 one-bedroom, 59 two-bedroom, 33 three-bedroom, and 9 four-bedroom units. This range of unit sizes indicates an effort to accommodate various household compositions within the affordable housing inventory.
The first LIHTC project in this zip code was completed in 1988, with four projects (405 Alsobrook St, 409 Alsobrook St, 412 New York St, and 415 Meacham St) all completed that year. The most recent project, Life Skills Rehab/Filmore Place, was completed in 2016. This indicates that affordable housing has been present in the zip code for at least 28 years. The 1980s saw the most affordable housing projects completed, with four out of the six projects being built during that decade.
Over the past decade, the population in this zip code has grown from 38,101 in 2013 to 40,218 in 2022, an increase of about 5.6%. During this same period, the median income rose from $97,031 in 2013 to $111,652 in 2022, representing a 15.1% increase.
Regarding racial demographics, the zip code has remained predominantly white, with a slight decrease from 90% in 2013 to 86% in 2022. There has been a small increase in diversity, with the percentage of residents identifying as two or more races growing from 1% in 2013 to 6% in 2022. The Black population has remained relatively stable at around 4-5%, while the Asian and Hispanic populations have seen slight increases to 2% and 3% respectively by 2022.
The completion of the Life Skills Rehab/Filmore Place project in 2016 aligns with a period of population growth and increasing median income in the zip code. This suggests that despite rising incomes, there was still a recognized need for affordable housing options in the area.
The LIHTC program has contributed to the affordable housing inventory in zip code 63122 through six projects providing 106 total units, with 30 designated as low-income. While this represents a small percentage of the estimated housing stock, it has provided diverse housing options over nearly three decades. The zip code has experienced moderate population growth and significant income increases over the past decade, along with slight increases in racial diversity. The continued development of affordable housing projects, even in recent years, indicates an ongoing effort to maintain housing accessibility in an area with rising incomes and changing demographics.