Over the past decade, the population in zip code 64089 has shown steady growth, increasing from 10,012 in 2013 to 12,205 in 2022. This population growth may have contributed to the need for additional affordable housing, as evidenced by the completion of The Villas of Smithville in 2019.

The median income in zip code 64089 has also seen an overall increase, rising from $78,788 in 2013 to $90,112 in 2022. Despite this increase, the addition of new affordable housing units suggests that there is still a need for low-income housing options in the area.

Racial demographics in zip code 64089 have remained relatively stable over the past decade, with the white population consistently representing the majority (around 90-94% of the total population). The completion of The Villas of Smithville in 2019 indicates that affordable housing needs persist across various demographic groups in the area.

Zip code 64089 in Smithville, Missouri, has a modest LIHTC funded affordable housing inventory, consisting of 58 units across two projects. These units represent about 1.24% of the estimated housing inventory in the zip code. The area has seen consistent population growth and rising median incomes over the past decade, which may have influenced the need for additional affordable housing options. The most recent LIHTC project, completed in 2019, suggests ongoing efforts to address affordable housing needs in the community. While the racial demographics have remained relatively stable, the continued development of affordable housing indicates a commitment to providing housing options for various income levels within zip code 64089.