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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
The zip code 64078 in Missouri, which encompasses Peculiar, presents a distinct affordable housing situation. As of 2022, this area has a population of 10,582 across 55.05 square miles. The Low-Income Housing Tax Credit (LIHTC) program has funded 34 affordable housing units in this zip code, all classified as low-income units. These LIHTC-funded units represent approximately 0.84% of the estimated 4,054 housing units in the zip code.
The LIHTC program has invested $603,696 in tax credits for affordable housing projects in zip code 64078, averaging $17,756 per unit. This investment constitutes 0.17% of Missouri's total LIHTC funding allocation. Meadow View Estates, the only LIHTC-funded project in this area, was completed in 2011, establishing over a decade of affordable housing presence in the zip code.
All 34 LIHTC-funded units in zip code 64078 are two-bedroom apartments, offering housing options suitable for small families or individuals requiring additional space. This uniform unit type indicates a focused approach to addressing specific housing needs within the community.
Zip code 64078 has experienced consistent population growth over the past decade, increasing from 9,272 in 2013 to 10,582 in 2022. The median income has fluctuated, rising from $78,263 in 2013 to $79,609 in 2022, with a notable peak of $91,924 in 2021.
Racial demographics in zip code 64078 have remained relatively stable, with a slight decrease in the white population from 93% in 2013 to 88% in 2022. There has been a minor increase in diversity, with the Hispanic population growing from 1% to 5% and the Black population from 1% to 3% during this period.
The absence of additional LIHTC projects in zip code 64078 over the last decade, despite population growth, may be attributed to the area's relatively high median income, which has consistently remained above $74,000 throughout this period. This economic stability might suggest a reduced demand for additional low-income housing units.
Zip code 64078 contains a single LIHTC-funded affordable housing project, Meadow View Estates, providing 34 two-bedroom units. While this represents a small portion of the estimated housing inventory, it has maintained a consistent presence since 2011. The area's high median income and stable racial demographics indicate a community with potentially less demand for additional low-income housing. However, the gradual increase in population and slight diversification in racial composition may necessitate ongoing evaluation of affordable housing needs in the future.