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Affordable Housing in Zip Code 44137: A Demographic Analysis of Maple Heights, 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 44137, located in Maple Heights, Ohio, has a presence of Low-Income Housing Tax Credit (LIHTC) funded affordable housing. The area contains 99 total affordable units, all designated as low-income units. Based on the 2022 population of 23,469 and the national average household size of 2.61, there are approximately 8,992 housing units in this zip code. The LIHTC funded affordable housing covers about 1.1% of the estimated housing inventory in the area.
The LIHTC program has provided $270,158 in tax credits for affordable housing projects in zip code 44137. This amounts to an average federal funding of approximately $2,728 per unit. The zip code holds 0.06% of Ohio's total LIHTC funding, indicating a relatively small contribution to the state's affordable housing efforts.
Affordable housing has been present in zip code 44137 since 1990, with the completion of the Paramount project. The most recent project, Maple Park Place, was completed in 2014, demonstrating a 24-year span of LIHTC investment in the area. The 1990s marked the initiation of affordable housing development in this zip code.
Over the past decade, zip code 44137 has experienced demographic shifts. The population slightly decreased from 22,916 in 2013 to 23,469 in 2022, showing a recent uptick. Median income rose from $40,337 in 2013 to $43,653 in 2022, indicating a modest improvement in economic conditions.
Racial distribution trends in zip code 44137 show a significant African American population, increasing from 65% in 2013 to 73% in 2022. The white population decreased from 28% to 23% during the same period. These demographic changes may influence the ongoing need for affordable housing in the area.
Despite the completion of the Maple Park Place project in 2014, there have not been any new LIHTC projects in recent years in zip code 44137. This could be due to various factors, including changes in local housing policies, funding availability, or shifts in housing needs.
Zip code 44137 in Maple Heights, Ohio, has an established LIHTC funded affordable housing presence, covering about 1.1% of the estimated housing inventory. The area has seen LIHTC investment spanning over two decades, with projects completed in 1990 and 2014. While the population has remained relatively stable, there have been notable shifts in racial demographics and a modest increase in median income. These factors, along with the existing affordable housing stock, likely influence the current and future affordable housing needs in this zip code.
