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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 65742, located in Rogersville, Missouri, contains 64 Low-Income Housing Tax Credit (LIHTC) funded affordable housing units. These units represent approximately 1.09% of the estimated 5,875 housing units in the zip code, based on the 2022 population of 15,335 and the national average household size of 2.61. The LIHTC program has invested $810,612 in tax credits for affordable housing projects in this zip code, averaging $12,666 per unit. This investment accounts for 0.23% of the total LIHTC funding allocated to Missouri.
Affordable housing development in this community spans at least a decade. The first recorded LIHTC project, Oaklawn Estates, was completed in 2012, while the most recent, Oaklawn Estates Phase II, was finished in 2016. The 2010s marked the most significant period of affordable housing development in this area. All 64 LIHTC-funded units in this zip code are three-bedroom apartments, indicating a focus on accommodating families. Oaklawn Estates Phase II specifically targets individuals with disabilities, suggesting an effort to address the housing needs of this vulnerable population.
The zip code has experienced steady population growth over the past decade, increasing from 12,548 in 2010 to 15,335 in 2022. The median income has generally trended upward, reaching $72,844 in 2022. The racial composition has remained predominantly white, consistently above 90%, with slight increases in diversity in recent years. The completion of LIHTC projects in 2012 and 2016 aligns with the period of population growth, suggesting a response to increased housing demand. The relatively high median income might explain the absence of additional LIHTC projects in recent years, as the community's overall economic profile may not indicate a pressing need for more low-income housing.
Zip code 65742 has a modest but targeted LIHTC-funded affordable housing inventory, focusing on three-bedroom units and including accommodations for individuals with disabilities. While the percentage of affordable housing is relatively low compared to the estimated total housing stock, it represents a significant investment in the community's housing infrastructure. The area's demographic trends, including population growth and rising median income, provide context for the timing and scale of LIHTC developments in this zip code.