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Affordable Housing in Springfield, Missouri's 65809 Zip Code: Three Decades of LIHTC Impact
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 65809 in Springfield, Missouri, contains a variety of affordable housing options supported by the Low-Income Housing Tax Credit (LIHTC) program. This area has 91 LIHTC-funded affordable housing units, all designated as low-income units. Based on the 2022 population, the estimated housing inventory is 3,739 units, with LIHTC-funded affordable housing comprising approximately 2.43% of the total housing stock in this zip code.
The LIHTC program has provided affordable housing in this zip code for over 30 years. The first project, Hickory Hills Apartments, was completed in 1991, and the most recent, Lombard Heights Apartments, was finished in 1998. The 1990s were the most active period for affordable housing development in this area, with all three LIHTC projects completed during this decade.
The affordable housing inventory in zip code 65809 consists primarily of two-bedroom units, with 68 such units available. Additionally, there are 12 three-bedroom units and 2 one-bedroom units, offering options for various household sizes. This distribution indicates a focus on accommodating small to medium-sized families in the area.
Zip code 65809 has experienced population and median income fluctuations over the past decade. The population reached its peak at 10,747 in 2017 and has since decreased to 9,760 in 2022. Median income has also varied, reaching a high of $98,251 in 2014 and settling at $85,241 in 2022.
Racial demographics have remained relatively constant, with the white population consistently representing over 90% of residents. However, there has been a slight increase in diversity, with small growth in Asian, Hispanic, and multiracial populations. The Asian population, for example, increased from 1% in 2013 to 4% in 2022.
Despite these demographic changes, no new LIHTC projects have been developed in the last decade. This may be attributed to the relatively high median income in the area, potentially indicating a lower demand for additional affordable housing units.
Zip code 65809 in Springfield, Missouri, has a modest LIHTC-funded affordable housing inventory, comprising 2.43% of the estimated total housing stock. All 91 units are designated as low-income, primarily consisting of two-bedroom apartments. The area experienced significant affordable housing development in the 1990s, with three projects completed during that decade. While the population and median income have fluctuated in recent years, and there has been a slight increase in racial diversity, no new LIHTC projects have been developed in the past decade. This analysis provides insight into the affordable housing landscape of zip code 65809, highlighting the long-standing presence of LIHTC-funded housing and its contribution to the area's housing mix.
