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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
The zip code 65459 in Missouri covers an area of 213.53 square miles and had a population of 7,933 in 2022. This zip code contains two Low-Income Housing Tax Credit (LIHTC) funded affordable housing projects, providing 28 low-income units. All of these units are one-bedroom apartments, contributing to the affordable housing inventory in the area.
Based on the estimated 3,039 housing units in the zip code, the LIHTC-funded affordable housing units constitute approximately 0.92% of the total housing stock. This indicates that LIHTC-funded projects make up a small portion of the overall housing inventory in the zip code.
The two LIHTC projects in this zip code are "205 East Tenth St Bldgs A1" and "Forrest View Vix Apts." The first project, completed in 1987, provides 12 low-income units, while the second project, completed in 1992, offers 16 low-income units. This indicates that affordable housing has been present in the zip code for over three decades.
The 1990s saw the most affordable housing development in this area, with the completion of the Forrest View Vix Apts project. Both projects exclusively offer one-bedroom units, suggesting a focus on accommodating smaller households or individuals in need of affordable housing.
Over the past decade, the population in this zip code has increased from 7,324 in 2013 to 7,933 in 2022. The median income has also increased, rising from $51,352 in 2013 to $61,504 in 2022, with a peak of $70,404 in 2021.
The racial composition of the zip code has remained relatively stable, with the white population consistently representing the majority at around 87-90% of the total. There have been slight increases in the Hispanic population, rising from 3% in 2013 to 4% in 2022, and the Native American population, which increased from 0% in 2013 to 2% in some years before declining to 0% again in 2022.
Despite these demographic changes, no new LIHTC projects have been developed in the last decade. This could be due to various factors, including the overall increase in median income, which might indicate a reduced need for additional low-income housing in the area.
The 65459 zip code in Missouri has two LIHTC-funded affordable housing projects, providing 28 one-bedroom units for low-income residents. These projects, completed in 1987 and 1992, represent a small fraction of the estimated housing inventory in the area. Over the past decade, the zip code has experienced population growth and an increase in median income, while maintaining a relatively stable racial composition. Despite these changes, no new LIHTC projects have been developed in recent years, suggesting that other factors may be influencing the affordable housing landscape in this area.