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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 64772 in Nevada, Missouri, contains Low-Income Housing Tax Credit (LIHTC) funded affordable housing. This zip code covers 147.37 square miles and had a population of 12,670 in 2022. The LIHTC program has funded 140 units in this zip code, with 103 designated as low-income units. Based on an estimated housing inventory of 4,854 units, LIHTC-funded affordable housing comprises approximately 2.88% of the zip code's housing stock.
LIHTC projects in zip code 64772 have received $766,045 in tax credits, averaging $5,471 per unit. This zip code accounts for 0.22% of the total LIHTC funding allocated to Missouri. The affordable housing presence in this area spans over two decades, with the first LIHTC project, Nevada Manor, completed in 1990, and the most recent, Spring Village Apartments, in 2011.
The 1990s and 2000s saw the most LIHTC activity in this zip code, with projects like Nevada Heights Apartments (1998) and Ash Place Apartments (2006) being completed. The housing inventory consists of 56 one-bedroom, 68 two-bedroom, and 16 three-bedroom units, catering to diverse household sizes.
The population in zip code 64772 has remained relatively stable over the past decade, fluctuating between 12,600 and 13,100 residents. The median income has increased gradually, rising from $39,309 in 2013 to $49,823 in 2022. This upward trend in income may indicate a changing economic landscape that could impact future affordable housing needs.
The racial composition of zip code 64772 has remained predominantly white, consistently above 90% throughout the last decade. There has been a slight increase in diversity, with small but growing percentages of Hispanic, Asian, and multiracial residents. This demographic stability may have influenced the lack of new LIHTC projects since 2011, as the community's needs may not have significantly changed.
Zip code 64772 in Nevada, Missouri, has a modest LIHTC-funded affordable housing presence, covering about 2.88% of its estimated housing inventory. The area has seen LIHTC investment spanning from 1990 to 2011, with four projects providing a mix of unit sizes to serve different household compositions. The population and racial demographics have remained relatively stable over the past decade, while the gradual increase in median income suggests evolving economic conditions that may influence future affordable housing needs in this zip code.