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Affordable Housing in Zip Code 67017: Analysis of LIHTC Funded Inventory in Benton, Kansas
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 67017, located in Benton, Kansas, contains a total of 12 LIHTC funded affordable housing units, all of which are designated as low-income units. Based on the 2022 population of 2,251 and the national average household size, the estimated housing inventory for this zip code is approximately 862 units. The LIHTC funded affordable housing covers about 1.39% of the estimated housing units in the zip code.
The LIHTC program has invested $24,777 in tax credits for affordable housing projects in this zip code. This translates to an average federal funding of $2,065 per unit. Zip code 67017 accounts for 0.02% of the total LIHTC funding allocated to the state of Kansas.
The affordable housing inventory in this zip code consists of one project, Benton Senior Residences, which was completed in 1997. This project has been providing affordable housing options in the area for over 25 years. The housing mix includes 1 one-bedroom unit and 2 two-bedroom units, with the remaining units unspecified.
Over the past decade, the population in zip code 67017 has fluctuated, with a peak of 2,472 in 2018 and a low of 2,088 in 2021. The 2022 population stands at 2,251. Median income has shown an overall upward trend, rising from $62,654 in 2013 to $74,366 in 2022, with some fluctuations in between.
Racial demographics have remained relatively stable, with the white population consistently representing the majority. However, there has been a slight increase in diversity over the years. The Hispanic population has grown from 1% in 2013 to 7% in 2022, while the Asian population increased from 0% to 2% during the same period.
Zip code 67017 in Benton, Kansas, has a modest LIHTC funded affordable housing inventory, consisting of 12 units in one project completed in 1997. This represents a small portion of the estimated housing stock in the area. Despite fluctuations in population and a general increase in median income over the past decade, the affordable housing inventory has remained constant. The area has experienced a slight increase in racial diversity, particularly in the Hispanic and Asian populations. These demographic shifts may influence future affordable housing needs in the zip code.
