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Affordable Housing Analysis in Zip Code 45385: Long-term LIHTC Presence in Xenia, 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 45385, located in Xenia, Ohio, contains 101 total units in Low-Income Housing Tax Credit (LIHTC) funded projects, with 95 designated as low-income units. These LIHTC-funded affordable housing units represent approximately 0.60% of the estimated 16,765 housing units in the zip code, based on the 2022 population of 43,756.
The LIHTC projects in zip code 45385 have received $675,952 in tax credits, averaging about $6,692 per unit. This funding represents 0.16% of Ohio's total LIHTC allocation, indicating a modest investment in affordable housing for this area. Affordable housing has been present in this zip code for over three decades, with the first project completed in 1991 and the most recent finished in 2004.
The housing mix in these LIHTC projects is predominantly two-bedroom units, with 82 such units available. There is also one one-bedroom unit, providing options for different household sizes. Over the past decade, zip code 45385 has experienced steady population growth, increasing from 42,059 in 2013 to 43,756 in 2022. During this period, the median income has risen significantly, from $63,528 in 2013 to $74,983 in 2022, representing an 18% increase.
The racial composition of zip code 45385 has remained relatively stable, with a slight decrease in the Black population (from 11% to 9%) and a small increase in the Hispanic population (from 1% to 2%) between 2013 and 2022. The White population has consistently made up the majority, around 81-82% throughout this period.
Despite the population growth and rising median income, no new LIHTC projects have been completed in zip code 45385 in the last decade. This could be due to the existing affordable housing stock meeting current needs or other factors influencing housing development decisions.
Zip code 45385 in Xenia, Ohio, has an established LIHTC-funded affordable housing presence, with 101 total units, 95 of which are designated as low-income. These units represent a small fraction of the estimated housing inventory. The area has seen consistent population growth and significant income increases over the past decade, along with relatively stable racial demographics. While no new LIHTC projects have been completed recently, the existing affordable housing stock continues to play a role in the area's housing landscape.
