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Affordable Housing Analysis in Zip Code 45103: LIHTC Funded Inventory in Batavia, Ohio
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 45103, located in Batavia, Ohio, has a population of 37,196 as of 2022 and covers an area of 87.65 square miles. This zip code has a LIHTC funded affordable housing inventory of 178 total units, all designated as low-income units. Based on the estimated housing inventory of 14,251 units, the LIHTC funded affordable housing comprises approximately 1.25% of the zip code's housing stock.
The LIHTC projects in zip code 45103 have received $1,038,014 in project tax credits, averaging $5,832 in federal funding per unit. This zip code holds 0.24% of the total state LIHTC funding, indicating a small but significant contribution to Ohio's affordable housing efforts.
The LIHTC funded affordable housing in zip code 45103 spans from 1996 to 2013, with Stonelick Woods Apts being the first project completed in 1996 and Dimmitt Woods being the most recent in 2013. This demonstrates a 17-year history of affordable housing development in the area. The 2000s saw the most affordable housing projects completed, with two projects: Harmony Senior Village in 2007 and Dimmitt Woods in 2013.
The housing unit breakdown shows a preference for larger units, with 175 three-bedroom units and 3 two-bedroom units. This distribution suggests a focus on accommodating families or larger households within the affordable housing inventory.
Over the past decade, zip code 45103 has experienced steady population growth, increasing from 33,701 in 2013 to 37,196 in 2022. The median income has also seen an overall increase, rising from $65,482 in 2013 to $69,884 in 2022, with some fluctuations in between.
The racial composition of zip code 45103 has remained relatively stable, with a slight decrease in the white population from 93% in 2013 to 90% in 2022. There has been a small increase in diversity, with the Asian population growing from 0% to 3% and the Hispanic population from 1% to 2% during this period.
The lack of new LIHTC projects since 2013 might be attributed to the rising median income and relatively stable racial composition, potentially indicating a reduced need for additional affordable housing in recent years.
Zip code 45103 in Batavia, Ohio, has a modest LIHTC funded affordable housing inventory that covers about 1.25% of its estimated housing stock. The area has received over $1 million in LIHTC funding, focusing primarily on larger, family-oriented units. While affordable housing development was active from 1996 to 2013, there have been no new LIHTC projects in the past decade. This trend coincides with steady population growth, increasing median income, and a relatively stable racial composition, which may suggest changing affordable housing needs in the area.
