Loading Content...
Loading Content...
Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 65689, located in Cabool, Missouri, has a Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory consisting of 40 total affordable units, all of which are designated as low-income units. Based on the estimated 1,546 housing units in the zip code, the LIHTC funded affordable housing covers approximately 2.59% of the total housing inventory. This percentage indicates that LIHTC funded projects contribute to a portion of the affordable housing needs in the area.
The zip code has two LIHTC funded projects: Cabool Apts II and Cabool Apts I. Cabool Apts II was completed in 1997, while Cabool Apts I was completed in 2003, indicating that affordable housing has been present in the zip code for at least 25 years. The early 2000s saw the most affordable housing development activity in this area.
The housing units are distributed as follows: 12 one-bedroom units, 2 two-bedroom units, and 8 three-bedroom units. This mix indicates a focus on accommodating various household sizes, from individuals to small families.
Over the last decade, zip code 65689 has experienced some demographic shifts. The population has decreased from 4,454 in 2016 to 4,035 in 2022. Despite this decline, the median income has shown an upward trend, increasing from $29,857 in 2016 to $38,268 in 2022.
Racial distribution has remained relatively stable, with the white population consistently representing the majority (87-90%) throughout the decade. There has been a slight increase in diversity, with the Hispanic population growing from 2% to 4% and the two or more races category increasing from 3% to 6% between 2016 and 2022.
The steady median income growth and relatively stable population suggest that while the area has not seen recent LIHTC developments, there may still be a need for affordable housing options to serve lower-income residents within the community.
The LIHTC funded affordable housing in zip code 65689 provides 40 low-income units, contributing to about 2.59% of the estimated housing inventory. The area has seen two LIHTC projects completed between 1997 and 2003, offering a mix of unit sizes to accommodate various household needs. While the population has slightly decreased over the past decade, rising median incomes and subtle shifts in racial diversity indicate ongoing demographic changes. These factors suggest a continued need to monitor and assess affordable housing requirements in the zip code to ensure they align with the evolving community demographics and economic conditions.