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Affordable Housing Analysis in Zip Code 66048: Three Decades of LIHTC Investment in Leavenworth, Kansas
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 66048 in Leavenworth, Kansas, contains 483 Low-Income Housing Tax Credit (LIHTC) funded affordable housing units. This area spans 139.79 square miles and had a population of 38,848 in 2022. Using the national average household size of 2.61, the estimated housing inventory is 14,884 units. LIHTC funded affordable housing comprises approximately 3.24% of the estimated housing inventory in this zip code.
The LIHTC projects in zip code 66048 have received $2,302,872 in tax credits, averaging $4,768 per unit in federal funding. This zip code accounts for 1.61% of the total state LIHTC funding, indicating substantial investment in affordable housing for the area.
Affordable housing has been present in zip code 66048 for nearly three decades. The first LIHTC project, Vilas Street Apts, was completed in 1992, and the most recent project with a known completion date, State Street Lofts, was finished in 2011. The 1990s saw the highest number of affordable housing project completions, including Vilas Street Apts, Park Hill Apts, and Oaks Apts.
The affordable housing inventory in zip code 66048 consists of various unit types. There are 50 one-bedroom units, 142 two-bedroom units, and 101 three-bedroom units. This distribution suggests accommodation for families of different sizes.
The population in zip code 66048 has remained relatively stable over the past decade, with minor fluctuations. The median income has shown an overall upward trend, increasing from $61,683 in 2013 to $71,272 in 2022. This increase in median income may indicate a growing need for affordable housing options to support lower-income residents.
Racial demographics in zip code 66048 have remained relatively consistent, with a slight increase in diversity. The white population has maintained a majority, decreasing slightly from 75% in 2013 to 77% in 2022. The Black population has decreased from 12% to 9%, while the Hispanic population has remained stable at 7-8%. The percentage of residents identifying as two or more races has increased from 3% to 6%, indicating a growing multiracial population.
Zip code 66048 in Leavenworth, Kansas, has an established LIHTC funded affordable housing inventory, representing about 3.24% of the estimated housing stock. The area has received significant investment through the LIHTC program, with projects spanning nearly three decades. The housing mix caters to various household sizes, focusing on one to three-bedroom units. While the population has remained stable, the rising median income and slight shifts in racial demographics may influence future affordable housing needs in the area.
