Loading Content...
Affordable Housing in Zip Code 65714: Three Decades of LIHTC Projects in Nixa, Missouri
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
Loading Content...
Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 65714, located in Nixa, Missouri, contains a significant inventory of Low-Income Housing Tax Credit (LIHTC) funded affordable housing. This area has 336 total units in LIHTC funded projects, with 299 designated as low-income units. Based on the 2022 population of 33,492 and using the national average household size, the estimated housing inventory for this zip code is approximately 12,832 units. The LIHTC funded affordable housing represents about 2.62% of the estimated housing units in the zip code.
The LIHTC projects in zip code 65714 have received $8,502,300 in project tax credits, averaging about $25,304 per unit in federal funding. This zip code holds 2.43% of Missouri's total LIHTC funding, indicating a substantial investment in affordable housing for the area.
Affordable housing has been present in this zip code since at least 1988, with the completion of Nixa Apts. The most recent project, Nicholas Court, was completed in 2020, demonstrating over three decades of affordable housing development. The 1990s saw the most affordable housing projects completed, including Abbey Orchard Apts II and Branson/Christian Co in 1994.
The LIHTC funded projects in zip code 65714 offer a diverse range of unit types. There are 75 one-bedroom units, 212 two-bedroom units, 11 three-bedroom units, and 2 four-bedroom units. This distribution suggests a focus on accommodating small to medium-sized households.
Nicholas Court, completed in 2020, specifically targets the handicapped population. This project likely includes features to enhance accessibility and support the unique needs of residents with disabilities.
Over the past decade, zip code 65714 has experienced steady population growth, increasing from 29,411 in 2013 to 33,492 in 2022. The median income has also risen significantly, from $58,920 in 2013 to $70,761 in 2022. This economic growth may have influenced the need for affordable housing in the area.
The racial composition of zip code 65714 has remained relatively stable, with a slight decrease in the white population from 93% in 2013 to 89% in 2022. There has been a small increase in diversity, with slight growth in Asian, Black, and Hispanic populations.
Zip code 65714 has a well-established LIHTC funded affordable housing inventory, developed over more than 30 years. While the affordable units represent a small percentage of the estimated housing stock, they provide important housing options for low-income residents. The area has seen consistent population growth and rising median incomes over the past decade, which may impact the ongoing need for affordable housing. The diverse range of unit types and the inclusion of targeted housing for handicapped individuals demonstrate efforts to meet various community needs.
