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Affordable Housing in Zip Code 63353: A Decade of Stability and Slow Change
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 63353 in Missouri covers an area of 95.84 square miles with a population of 4,838 as of 2022. This zip code contains 9 LIHTC-funded affordable housing units, all designated as low-income units. These units represent approximately 0.49% of the estimated 1,854 housing units in the zip code.
The LIHTC program has funded 4 affordable housing projects in zip code 63353. The earliest projects, Pray Apts and Main Street Apts, were completed in 1992, while the most recent project, Nsi Tella Jane Apts, was completed in 1998. This indicates that affordable housing has been present in the zip code for at least 30 years.
The 1990s saw the most affordable housing development activity in this zip code, with three of the four projects completed during this decade. These projects include Pray Apts, Main Street Apts, and Nsi Tella Jane Apts. The LIHTC-funded projects in this zip code offer a mix of housing options, including 2 one-bedroom units, 5 two-bedroom units, and 2 three-bedroom units. This distribution suggests a focus on accommodating various household sizes, from individuals to small families.
Over the past decade, the population in zip code 63353 has remained relatively stable, with minor fluctuations. The population was 4,648 in 2010 and 4,838 in 2022, showing a slight increase. The median income has seen a more significant change, rising from $35,047 in 2013 to $46,985 in 2022, indicating an improving economic situation for residents.
Racial demographics have remained predominantly white, with a slight decrease from 90% in 2013 to 88% in 2022. There has been a small increase in diversity, with the Hispanic population growing from 2% to 7% and the Black population increasing from 2% to 4% during this period.
The stable population and increasing median income suggest that the demand for additional LIHTC-funded affordable housing may not have been as pressing in recent years. However, the slight increase in population and growing diversity could potentially indicate a need for more varied housing options in the future.
Zip code 63353 in Missouri has a small but established LIHTC-funded affordable housing inventory, with 9 low-income units across 4 projects. These projects, primarily developed in the 1990s, represent about 0.49% of the estimated housing stock. This percentage is relatively low compared to typical affordable housing targets.
The zip code has experienced modest population growth and significant median income increases over the past decade, which may have influenced the lack of recent LIHTC developments. However, the growing diversity in the area could potentially signal changing housing needs in the future. Continued monitoring of demographic trends and housing affordability will be crucial for assessing future affordable housing requirements in zip code 63353.
