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Affordable Housing in Zip Code 65548: LIHTC Inventory and Demographic Shifts in Mountain View, Missouri
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
The zip code 65548 in Missouri encompasses Mountain View and surrounding areas. This zip code has a Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory consisting of 75 total units, with 57 designated as low-income units. Based on the estimated 2,021 housing units in the zip code (calculated from the 2022 population of 5,276 and the national average household size of 2.61), the LIHTC funded affordable housing covers approximately 3.7% of the zip code's housing inventory.
LIHTC funded affordable housing has been present in this zip code since 1991, with the most recent project completed in 2004, spanning a 13-year period. The decade with the most affordable housing projects completed was the 1990s, with two projects: Valley View Apts II in 1991 and Valley View Apts III in 1996. The most recent project, Mountain View Apts, was completed in 2004.
The LIHTC funded inventory in this zip code includes a mix of unit types. Out of the 75 total units, there are 4 one-bedroom units, 47 two-bedroom units, and 24 three-bedroom units. This distribution suggests a focus on accommodating small to medium-sized families or households.
Over the past decade, the zip code's population has fluctuated, with a slight overall increase from 5,101 in 2015 to 5,276 in 2022. The median income has shown significant growth, rising from $26,156 in 2015 to $38,160 in 2022, an increase of about 46%. This income growth may indicate changing economic conditions in the area.
Regarding race distribution, the zip code has remained predominantly white, with a slight decrease from 96% in 2015 to 92% in 2022. There has been a small increase in Hispanic population, from 1% in 2015 to 4% in 2022, suggesting a gradual diversification of the community.
No new LIHTC projects have been built in the last decade. The rising median income and relatively stable population could potentially explain why additional low-income housing projects may not have been prioritized in recent years.
The 65548 zip code has a modest LIHTC funded affordable housing inventory, covering about 3.7% of the estimated housing units. The existing projects, built between 1991 and 2004, provide a mix of unit types, with a focus on two and three-bedroom units. While the population has remained relatively stable over the past decade, there has been significant growth in median income and a slight increase in racial diversity. These demographic shifts may influence future affordable housing needs and development in the area.
