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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 65452 in Missouri covers 93.6 square miles and had a population of 3,058 in 2022. This zip code contains Low-Income Housing Tax Credit (LIHTC) funded affordable housing, with 16 affordable units, all designated as low-income units. Based on an estimated housing inventory of 1,172 units, LIHTC-funded affordable housing represents approximately 1.37% of the zip code's housing stock.
The LIHTC program has invested $185,000 in tax credits for affordable housing projects in zip code 65452. This equates to an average federal funding of $11,562.50 per unit. This zip code accounts for 0.05% of the total LIHTC funding allocated to Missouri.
The affordable housing in this zip code is represented by a single project, Keeth Village, completed in 2020. This project marks the introduction of LIHTC-funded affordable housing in the area. Keeth Village consists of 16 units, equally divided between one-bedroom and two-bedroom apartments, with 8 units of each type. The project specifically targets individuals with disabilities, addressing a need for accessible and affordable housing within the community.
Demographic trends over the past decade show interesting patterns in zip code 65452. The population has fluctuated, with a general declining trend from 3,521 in 2010 to 3,058 in 2022. A notable increase in population occurred between 2017 and 2018, followed by another decline.
Median income has shown significant growth, particularly in recent years. It rose from $39,161 in 2017 to $58,666 in 2022, indicating a substantial increase in the area's economic profile. This trend may suggest changing housing needs and affordability challenges for some residents.
Racial demographics have remained relatively stable, with the white population consistently representing the majority (around 90-91% in recent years). There has been a slight increase in Hispanic representation, growing from 1% in 2017 to 6% in 2022.
The introduction of the LIHTC project in 2020 aligns with these demographic shifts, potentially responding to the need for affordable housing options amidst rising incomes and subtle changes in population composition.
The analysis of zip code 65452 reveals a recent initiative to address affordable housing needs through the LIHTC program. With 16 units dedicated to low-income residents, particularly those with disabilities, the project represents a small but significant portion of the area's housing stock. The timing of this development coincides with demographic changes, including fluctuating population levels and rising median incomes. The LIHTC-funded housing covers a modest percentage of the estimated housing inventory, marking an important step in diversifying housing options in the area, especially for vulnerable populations.