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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
The zip code 63080, located in Sullivan, Missouri, contains 123 Low-Income Housing Tax Credit (LIHTC) funded affordable housing units. These units, all designated as low-income, represent approximately 2.46% of the total housing inventory in this zip code, based on the 2022 population of 13,058 and an estimated 5,003 housing units.
The LIHTC program has contributed to affordable housing in this zip code for over three decades. The first project, Sullivan Garden Apts, was completed in 1989, while the most recent, Sullivan Family Apts, was finished in 2000. This 11-year span demonstrates a consistent commitment to affordable housing development in the area.
The 1990s saw the most significant affordable housing development activity, with four out of six projects completed during this decade. Notable projects from this period include Jones Street Apts (1990), J & P Apts (1992), Forrest View III Apts (1993), and Center Street Apts (1995).
The LIHTC-funded housing inventory in this zip code consists of a diverse mix of unit types. There are 44 one-bedroom units and 44 two-bedroom units, accounting for the majority of the affordable housing stock. Additionally, there are 17 three-bedroom units, providing options for larger families.
Over the past decade, the population in this zip code has remained relatively stable, with minor fluctuations. The population decreased slightly from 13,245 in 2015 to 13,058 in 2022. During this period, the median income increased from $42,220 in 2015 to $55,378 in 2022, indicating an overall improvement in economic conditions.
The racial composition of the area has remained predominantly white, although there has been a slight decrease in the white population percentage from 97% in 2015 to 90% in 2022. Concurrently, there has been a small increase in diversity, with the percentage of residents identifying as two or more races growing from 1% in 2015 to 7% in 2022.
Despite the absence of new LIHTC projects in the last decade, the demographic trends suggest a potential need for additional affordable housing. The rising median income could potentially price out some lower-income residents, while the slight increase in diversity might indicate changing housing needs within the community.
The zip code 63080 has benefited from LIHTC-funded affordable housing projects since 1989, with a total of 123 low-income units developed across six projects. While these units represent a small percentage of the estimated housing inventory, they provide crucial affordable options for the community. The area has experienced economic growth over the past decade, as evidenced by rising median incomes, which may indicate an ongoing need for affordable housing options. As the community continues to evolve, monitoring demographic trends and housing needs will be essential to ensure an adequate supply of affordable housing for residents.