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Affordable Housing Analysis: Zip Code 44646 in Massillon, 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 44646 in Massillon, Ohio contains 195 Low-Income Housing Tax Credit (LIHTC) funded affordable housing units, of which 123 are designated as low-income units. This represents approximately 1.08% of the estimated 18,044 housing units in the zip code, which spans 29.17 square miles and had a population of 47,096 in 2022.
The LIHTC program has invested $1,502,877 in project tax credits in this zip code, averaging $7,707 per LIHTC-funded unit. This investment accounts for 0.35% of Ohio's total LIHTC funding. The affordable housing projects in this area span over two decades, with the earliest project, Massillon Senior Apartments, completed in 1994 and the most recent, Yorkview Apartments, finished in 2016.
The LIHTC-funded housing in zip code 44646 offers a variety of unit sizes, including 38 two-bedroom units, 34 three-bedroom units, and 57 four-bedroom units. This distribution suggests a focus on accommodating families and larger households.
The population of zip code 44646 has grown moderately, increasing from 44,432 in 2013 to 47,096 in 2022, a 6% growth. This population increase may have contributed to the need for additional affordable housing, as evidenced by the completion of Yorkview Apartments in 2016.
Median income in the zip code has increased from $56,792 in 2013 to $64,655 in 2022, representing a 13.8% growth. Despite this income growth, the continued presence of LIHTC projects indicates an ongoing need for affordable housing options.
The racial composition of zip code 44646 has remained relatively stable over the past decade, with a slight increase in diversity. The white population has decreased from 90% in 2013 to 88% in 2022, while small increases have occurred in the Hispanic and multiracial populations.
Zip code 44646 in Massillon, Ohio demonstrates a consistent commitment to affordable housing through the LIHTC program. The four projects completed over more than two decades have established a foundation of affordable units serving various household sizes. While LIHTC-funded units represent a small percentage of the total housing stock, they play a crucial role in providing affordable options in an area experiencing moderate population growth and income increases. The stable yet slightly diversifying demographic profile suggests that ongoing attention to affordable housing needs will remain important for this community.
