The affordable housing inventory in zip code 44704 consists primarily of larger units. There are 45 three-bedroom units and 33 four-bedroom units, with only 2 two-bedroom units. This distribution indicates a focus on accommodating families or larger households.

Over the past decade, zip code 44704 has experienced demographic shifts that may impact affordable housing needs. The population has decreased from 4,333 in 2015 to 3,533 in 2022, a decline of approximately 18.5%. Despite this population decrease, the median income has shown an overall upward trend, rising from $21,846 in 2015 to $23,162 in 2022, with some fluctuations in between.

The racial composition of zip code 44704 has remained relatively stable. The Black population has consistently represented the majority at around 53-55% over the past decade. The White population has slightly decreased from 39% in 2015 to 35% in 2022. There has been a small increase in the Hispanic population, growing from less than 1% in 2015 to 4% in 2022.

While no new LIHTC projects have been constructed in the last decade, the demographic data presents a complex picture. The declining population might suggest reduced overall housing demand, but the persistent low median income levels indicate an ongoing need for affordable housing options.

Zip code 44704 in Canton, Ohio, has a modest LIHTC-funded affordable housing inventory, covering about 5.9% of the estimated housing stock. The area has seen two major LIHTC projects completed between 1997 and 2008, focusing on larger family-sized units. Despite a declining population, the area's median income remains low, indicating a potential ongoing need for affordable housing. The racial composition has remained relatively stable, with a slight increase in diversity. These demographic trends, combined with the existing LIHTC inventory, present a nuanced picture of affordable housing needs and provision in this zip code.