Loading Content...
Affordable Housing Analysis in Columbus, Ohio's 43209 Zip Code: Three Decades of LIHTC Projects
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
Loading Content...
Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
The 43209 zip code in Columbus, Ohio, encompasses a community of 28,356 residents as of 2022. This area contains a notable Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory, comprising 869 total units, of which 23 are designated as low-income units. The LIHTC-funded affordable housing represents approximately 8% of the zip code's estimated 10,864 housing units.
LIHTC-funded affordable housing projects in this zip code date back to 1989, indicating a thirty-year presence of affordable housing initiatives. Three significant LIHTC projects exist in this area: Mayfield Place (1989), Mayfield Apts (1991), and Woodland Meadows (1999). The 1990s marked the period of highest affordable housing development activity in this zip code.
Woodland Meadows, the largest project, constitutes the majority of affordable housing units, with 857 total units. This development includes 267 one-bedroom, 521 two-bedroom, 27 three-bedroom, and 42 four-bedroom units. The diverse unit mix suggests an effort to accommodate various household sizes and needs within the affordable housing inventory.
The zip code has experienced modest population growth over the past decade, increasing from 27,895 in 2013 to 28,356 in 2022. Concurrently, the median income has risen from $74,332 in 2013 to $86,402 in 2022, indicating an overall improvement in the economic status of residents.
The racial composition of the zip code has remained relatively stable. The white population decreased slightly from 67% in 2013 to 66% in 2022, while the Asian population increased from 1% to 2%. The Black population has remained consistent at approximately 24-27% throughout the decade.
No new LIHTC projects have been developed in the last decade. This lack of development may be attributed to the rising median income and relative stability in racial composition, potentially indicating a reduced need for additional low-income housing in recent years.
The 43209 zip code in Columbus, Ohio, exhibits a moderate LIHTC-funded affordable housing presence, accounting for about 8% of the estimated housing stock. Affordable housing developments have been present since 1989, with Woodland Meadows providing the largest and most diverse mix of unit types. Despite slight population growth and significant median income increase over the past decade, no new LIHTC projects have been recently developed. This analysis provides insight into the LIHTC-funded affordable housing landscape of the zip code. Other affordable housing programs may also contribute to meeting the area's housing needs.
