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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 65559 in Missouri covers an area of 191.84 square miles with a population of 9,563 as of 2022. This zip code contains two Low-Income Housing Tax Credit (LIHTC) funded affordable housing projects, providing 56 affordable units, all designated as low-income. These units represent approximately 1.53% of the estimated 3,664 housing units in the zip code.
The LIHTC program has supported affordable housing in zip code 65559 for over three decades. The first project, St James Apts, was completed in 1990, and the most recent project, St James Court Apts, was finished in 2004. This indicates a consistent presence of affordable housing initiatives in the area.
The two LIHTC projects in zip code 65559 offer a variety of unit types. Of the 56 total units, 14 are one-bedroom units and 24 are two-bedroom units. This distribution suggests a focus on accommodating small families and individuals.
The population in zip code 65559 has remained relatively stable over the past decade, with minor fluctuations. The population was 9,569 in 2015 and 9,563 in 2022, showing a slight decrease. The median income has shown some variability, increasing from $51,122 in 2015 to $53,903 in 2022, indicating a modest improvement in economic conditions.
Racial demographics in zip code 65559 have remained predominantly white, with a slight decrease from 93% in 2015 to 91% in 2022. There has been a small increase in diversity, with the Hispanic population growing from 1% to 3%, and those identifying as two or more races increasing from 1% to 4% during this period.
The stability in population and modest income growth in zip code 65559, coupled with the lack of new LIHTC projects since 2004, might suggest that the existing affordable housing stock has been sufficient to meet the area's needs. However, the slight increase in diversity could potentially indicate a changing demographic that might require reassessment of affordable housing needs in the future.
Zip code 65559 has two LIHTC funded affordable housing projects providing 56 low-income units, which covers about 1.53% of the estimated housing inventory. These projects, completed in 1990 and 2004, offer a mix of one and two-bedroom units. While the population and racial composition have remained relatively stable over the past decade, there has been a slight increase in diversity and median income. These demographic trends, along with the absence of new LIHTC projects in recent years, suggest a relatively stable affordable housing situation in the zip code. However, ongoing monitoring of demographic changes and housing needs would be prudent to ensure continued alignment between affordable housing supply and community needs.