Over the past decade, the population in zip code 47203 has experienced a slight decline, decreasing from 26,559 in 2018 to 24,638 in 2022. Despite this population decrease, the median income has increased from $69,937 in 2018 to $72,852 in 2022, suggesting a potential increase in overall economic stability in the area.

The racial composition of the zip code has remained relatively stable. The white population has decreased slightly from 84% in 2018 to 79% in 2022. There has been a small increase in the Hispanic population, rising from 5% to 8% during the same period. The Asian population has remained steady at approximately 7%.

These demographic shifts, particularly the rising median income, may indicate a changing landscape for affordable housing needs in the area. However, the continued presence of low-income units suggests an ongoing demand for affordable housing options.

Zip code 47203 in Columbus, Indiana, maintains a notable LIHTC-funded affordable housing presence, with 412 total units, of which 288 are designated as low-income. This inventory, developed primarily in the 1990s and early 2000s, constitutes about 4.4% of the estimated total housing units in the area. Despite a slight population decline, the area has experienced an increase in median income over the past decade, potentially influencing the affordable housing landscape. The diverse mix of unit types in LIHTC projects indicates an effort to accommodate various household sizes and needs within the community.