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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 43113 in Circleville, Ohio, contains a significant Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory. This area has 251 total units, including 197 low-income units. Based on the 2022 population of 24,640 and an estimated 9,441 housing units, LIHTC-funded affordable housing comprises approximately 2.66% of the zip code's housing inventory.
The LIHTC program has invested $2,115,827 in tax credits for affordable housing projects in this zip code, averaging about $8,429 per unit. This investment represents 0.5% of Ohio's total LIHTC funding, indicating a substantial commitment to affordable housing in this area.
Affordable housing has been present in this zip code for nearly three decades. The first LIHTC project, Ohio Heights, was completed in 1991, and the most recent, Shawnee Grove, in 2019. The 2010s experienced the most activity, with three projects completed during this decade: Kingston Mound Manor III in 2015 and Shawnee Grove in 2019.
The LIHTC-funded housing in zip code 43113 offers a diverse range of units, including 8 efficiencies, 64 two-bedroom units, 85 three-bedroom units, and 3 four-bedroom units. This variety caters to different household sizes and needs within the low-income population.
Over the past decade, zip code 43113 has experienced steady population growth, increasing from 23,419 in 2010 to 24,640 in 2022. This 5.2% growth may have contributed to the need for additional affordable housing units, as evidenced by the completion of two LIHTC projects during this period.
The median income in zip code 43113 has shown overall growth, rising from $50,021 in 2013 to $56,259 in 2022, representing a 12.5% increase. Despite this growth, the continued development of LIHTC projects suggests an ongoing need for affordable housing options.
Racial demographics have remained relatively stable in zip code 43113, with the white population consistently representing about 95-96% of the total. The slight increase in diversity, particularly in the two-or-more races category (from 1% to 2% between 2013 and 2022), may indicate a growing need for diverse housing options.
Zip code 43113 has demonstrated a consistent commitment to affordable housing through LIHTC-funded projects over the past three decades. While these projects cover a small percentage of the estimated housing inventory, they represent a significant investment in addressing low-income housing needs. The steady population growth and income increases, coupled with the continued development of LIHTC projects, suggest an ongoing demand for affordable housing in this area. The diverse unit types available through these projects indicate efforts to accommodate various household sizes and needs within the low-income population.