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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
The zip code 45368, located in South Charleston, Ohio, contains 41 LIHTC funded affordable housing units. This area spans 73.8 square miles and had a population of 4,120 in 2022. Based on the national average household size of 2.61, the estimated number of housing units in this zip code is 1,579. LIHTC funded affordable housing comprises approximately 2.6% of the estimated housing inventory in the zip code.
The LIHTC projects in zip code 45368 have received $175,392 in project tax credits, averaging $4,278 per unit. This funding constitutes 0.04% of the total state LIHTC allocation. The presence of LIHTC funded affordable housing in this zip code spans over a decade, with the initial project, Berschet Apts, completed in 1996, and the most recent project, Charleston Court, finished in 2007.
The 1990s witnessed the completion of the largest affordable housing project in the area. Berschet Apts, constructed in 1996, offers 36 units, consisting of 24 two-bedroom and 12 three-bedroom apartments. The 2000s brought additional affordable housing with Charleston Court, providing 5 one-bedroom units.
In total, the LIHTC funded projects in zip code 45368 provide 5 one-bedroom units, 24 two-bedroom units, and 12 three-bedroom units. This distribution indicates a focus on accommodating small to medium-sized families in the area.
Over the past decade, the population in zip code 45368 has remained relatively stable, fluctuating between 4,100 and 4,400 residents. The median income has shown an overall upward trend, increasing from $59,347 in 2018 to $69,859 in 2022, with a peak of $77,203 in 2021. This rise in median income may explain the absence of new LIHTC projects in recent years, as the need for low-income housing may have decreased.
The racial composition of zip code 45368 has remained predominantly white, consistently above 93% throughout the last decade. There has been a slight increase in diversity, with the percentage of residents identifying as two or more races growing from 1% in 2013 to 2% in 2022.
Zip code 45368 has a small but established LIHTC funded affordable housing inventory, covering about 2.6% of the estimated housing units. The area received 0.04% of the state's LIHTC allocation, providing 41 low-income units across two projects completed between 1996 and 2007. The housing mix primarily caters to small and medium-sized families. Over the past decade, the area has experienced a rise in median income and maintained a stable population, which may have influenced the lack of recent LIHTC developments. While the racial composition remains predominantly white, there has been a slight increase in diversity in recent years.