Over the past decade, Downtown Columbus has experienced significant population growth, increasing from 5,878 residents in 2015 to 8,250 in 2022. This 40% population increase has been accompanied by a substantial rise in median income, from $40,576 in 2015 to $65,719 in 2022, representing a 62% increase. The racial composition of the neighborhood has remained relatively stable, with a slight increase in diversity. The white population has maintained a majority, ranging from 67% to 72% over the past decade. There has been a notable increase in the Asian population, growing from 2% in 2015 to 9% in 2022, while the Black population has decreased from 16% to 10% during the same period.

Despite the lack of new LIHTC projects since 2008, the demographic trends suggest a growing need for affordable housing. The rapid population growth and significant increase in median income may be putting pressure on housing affordability, potentially necessitating additional affordable housing options in the future.

Downtown Columbus has a substantial inventory of LIHTC-funded affordable housing, covering nearly a quarter of the estimated housing stock. The neighborhood has benefited from consistent affordable housing development from 1997 to 2008, with a mix of unit types catering to various household sizes. While there have not been new LIHTC projects in recent years, the area has experienced significant population growth and income increases. These demographic shifts may indicate a growing need for affordable housing options to maintain a diverse and inclusive community in Downtown Columbus.