Loading Content...
Affordable Housing Trends in Zip Code 64083: Analysis of LIHTC Projects in Raymore, 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 64083 in Raymore, Missouri, contains a notable inventory of affordable housing funded by the Low-Income Housing Tax Credit (LIHTC) program. This area encompasses 116 affordable units, all categorized as low-income. Based on the 2022 population of 23,448 and an estimated 8,984 housing units, LIHTC-funded affordable housing comprises approximately 1.29% of the zip code's housing stock.
The LIHTC projects in zip code 64083 have received $620,000 in project tax credits, averaging $5,345 per unit. This allocation represents 0.18% of Missouri's total LIHTC funding. Affordable housing has been present in this zip code since 1988, with the initial project located at 510 Sky Vue Dr. The most recent development, Ridgeway Villas At The Legends, was completed in 2016, indicating a 28-year span of affordable housing construction in the area.
The affordable housing inventory in zip code 64083 primarily consists of two-bedroom and three-bedroom units, with 22 two-bedroom units and 94 three-bedroom units. This distribution suggests a focus on accommodating families or larger households.
Over the past decade, the population in zip code 64083 has experienced steady growth, increasing from 19,696 in 2013 to 23,448 in 2022. The median income has fluctuated but generally trended upward, rising from $78,141 in 2013 to $85,480 in 2022. Racial demographics have shifted slightly, with the white population decreasing from 86% in 2013 to 77% in 2022. There has been a small increase in racial diversity, with the Black population growing from 6% to 10%, and the Hispanic population from 2% to 5% during this period.
The most recent LIHTC project in 2016 coincides with a period of population growth and increasing median income, suggesting a proactive approach to maintaining affordable housing options amid economic growth. Zip code 64083 has a modest LIHTC-funded affordable housing inventory, covering about 1.29% of the estimated housing units. The area has seen consistent development of affordable housing over nearly three decades, with a focus on family-sized units. While the affordable housing stock has not significantly expanded in recent years, the zip code has experienced population growth, increasing median income, and gradual diversification of its racial demographics.
