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Affordable Housing Analysis in Zip Code 73044: LIHTC Funded Projects in Guthrie, Oklahoma
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 73044, located in Guthrie, Oklahoma, has a Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory of 131 total units, with 122 designated as low-income units. Based on the 2022 population of 24,892 and an estimated 9,537 housing units, the LIHTC funded affordable housing covers approximately 1.37% of the zip code's estimated housing inventory.
The LIHTC projects in zip code 73044 have received $901,812 in project tax credits, averaging about $6,884 per unit. This funding represents 0.27% of Oklahoma's total LIHTC allocation, indicating a modest investment in affordable housing for this area.
Affordable housing has been present in this zip code for over a decade, with the earliest recorded project, Pleasant Hill Apts, completed in 2005, and the most recent, Cottage Park Guthrie, in 2011. The years 2010 and 2011 saw the most affordable housing activity, with Noble Heights Apts and Cottage Park Guthrie being completed respectively.
The LIHTC funded housing in zip code 73044 primarily consists of two-bedroom units, with 53 such units available. There are also 8 three-bedroom units and 2 one-bedroom units, providing a mix of options for different household sizes.
Over the past decade, zip code 73044 has experienced steady population growth, increasing from 20,739 in 2010 to 24,892 in 2022. This 20% population increase may have contributed to the need for affordable housing options. The median income has also risen significantly, from $53,819 in 2013 to $66,971 in 2022, potentially impacting housing affordability for some residents.
Racial demographics have remained relatively stable, with the white population consistently representing about 75-76% of the total. There has been a slight increase in Hispanic representation, from 4% in 2013 to 9% in 2022, which could indicate a growing need for culturally diverse housing options.
Zip code 73044 in Guthrie, Oklahoma, has a modest LIHTC funded affordable housing inventory, covering about 1.37% of the estimated housing units. The area has seen consistent investment in affordable housing over the years, with projects completed between 2005 and 2011. The population growth and income changes over the past decade suggest an ongoing need for affordable housing options in this community. The LIHTC program has contributed to addressing this need, but there may be opportunities for further development to meet the evolving demographics and housing requirements of the area.
