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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 63390 in Missouri contains Low-Income Housing Tax Credit (LIHTC) funded affordable housing. This area has 85 affordable housing units, all designated as low-income units. The zip code covers 75.56 square miles and had a population of 11,491 in 2022.
The estimated housing inventory in this zip code is 4,403 units. LIHTC funded affordable housing comprises approximately 1.93% of the total housing stock. This percentage represents only LIHTC funded units and does not account for other potential affordable housing programs.
The LIHTC program has funded two projects in zip code 63390: Wright City North Apts and Applebee Park. These projects were completed in 1991 and 1992 respectively, indicating the presence of affordable housing in this area for over three decades.
The housing units are distributed as follows: 10 one-bedroom units, 16 two-bedroom units, 57 three-bedroom units, and 2 four-bedroom units. This distribution suggests a focus on accommodating families, with a majority of units having multiple bedrooms.
The population in zip code 63390 has remained relatively stable over the past decade, with slight fluctuations. The population was 11,556 in 2015 and 11,491 in 2022. The median income has shown an overall increase, rising from $58,434 in 2015 to $70,282 in 2022, suggesting improving economic conditions for residents.
Racial demographics in zip code 63390 have seen some changes. The white population has decreased from 90% in 2015 to 85% in 2022. There has been a small increase in diversity, with the Hispanic population growing from 2% to 6%, and the Black population increasing from 3% to 4% during the same period.
Despite these demographic shifts and the rise in median income, no new LIHTC projects have been developed in zip code 63390 in the last decade. This could be due to various factors, including changes in local housing policies, availability of suitable land, or shifts in funding priorities.
Zip code 63390 has an established LIHTC funded affordable housing inventory, with 85 units across two projects built in the early 1990s. This represents a small percentage of the estimated total housing stock, but provides housing options for low-income residents. The area has seen modest population growth, increasing median income, and slight increases in racial diversity over the past decade. Despite these changes, no new LIHTC projects have been developed recently, suggesting that other factors may be influencing affordable housing development in this area.