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Affordable Housing Analysis in Zip Code 45760: LIHTC Funded Projects in Middleport, 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 45760 in Middleport, Ohio, contains a specific Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory. This area has 30 total units in LIHTC funded projects, with 29 designated as low-income units. Based on the 2022 population of 3,021 and an estimated 1,157 housing units, the LIHTC funded affordable housing comprises approximately 2.59% of the zip code's estimated housing inventory.
The LIHTC program has invested $417,619 in project tax credits for zip code 45760, averaging about $13,921 per unit. This investment represents 0.1% of Ohio's total LIHTC funding, indicating a relatively small but significant investment in this area.
Affordable housing has been present in this zip code since at least 1997, with the completion of Cross Pointe Apts Lp. The most recent project, Pomeroy Cliffs, was completed in 2014, spanning nearly two decades of affordable housing development. The 2010s saw the most recent affordable housing project completion in this area.
The LIHTC funded housing in zip code 45760 consists primarily of one-bedroom units, with 29 such units available. There is also one two-bedroom unit, providing a small amount of diversity in unit sizes to accommodate different household needs.
Over the past decade, zip code 45760 has experienced some demographic shifts. The population has fluctuated, peaking at 3,403 in 2012 and reaching a low of 2,975 in 2015, before stabilizing around 3,000-3,200 residents. Median income has shown an overall upward trend, rising from $23,162 in 2015 to $36,721 in 2022, which might indicate changing affordable housing needs.
The racial composition of zip code 45760 has remained predominantly white, consistently above 90% throughout the decade. However, there has been a slight increase in diversity, with the percentage of residents identifying as two or more races growing from 2% in 2013 to 6% in 2022.
Zip code 45760 has a modest LIHTC funded affordable housing inventory, covering about 2.59% of the estimated housing stock. The area has seen two LIHTC projects completed over nearly two decades, with a focus on one-bedroom units. The increasing median income and slight growth in racial diversity may influence future affordable housing needs in this zip code.
