Loading Content...
Affordable Housing Analysis in Zip Code 67220: LIHTC Funded Units in Wichita, Kansas
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
Loading Content...
Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 67220 in Wichita, Kansas, contains 84 Low-Income Housing Tax Credit (LIHTC) funded affordable housing units. This inventory represents approximately 1.31% of the estimated 6,400 housing units in the area, based on the 2022 population of 16,704 and the national average household size. The LIHTC projects in this zip code have received $521,457 in tax credits, averaging $6,208 per unit.
Affordable housing has been present in zip code 67220 since at least 2002, with the completion of Prairie Villa At East 21St Street. The most recent project, Prairie Villa At Beacon Hill, was completed in 2005. This three-year period marks the most significant affordable housing development activity in the area. The affordable housing inventory primarily consists of one-bedroom units (78) and six two-bedroom units, indicating a focus on housing for smaller households or individuals.
Over the past decade, the population in zip code 67220 has shown an upward trend, increasing from 14,871 in 2020 to 16,704 in 2022. The median income has also risen slightly, from $67,302 in 2020 to $67,101 in 2022, suggesting a minor improvement in economic conditions.
Racial demographics in zip code 67220 have remained relatively stable. The white population maintains a majority at approximately 52-54% over recent years. The Hispanic population has increased from 9% in 2019 to 12% in 2022. Conversely, the Black population has decreased slightly from 22% in 2019 to 20% in 2022. The Asian population has remained consistent at around 10-11%.
Zip code 67220 in Wichita, Kansas, possesses a small but significant LIHTC funded affordable housing inventory, comprising about 1.31% of the estimated housing units. The area experienced two LIHTC project completions in the early 2000s, predominantly offering one-bedroom units. Although the affordable housing stock has not expanded recently, the area has undergone population growth and a slight increase in median income. The racial composition has remained relatively stable, with a minor increase in Hispanic residents. These demographic trends may influence future affordable housing needs in zip code 67220.
