Over the past decade, the zip code has experienced demographic shifts. The population has decreased from 17,619 in 2015 to 16,461 in 2022. Median income has shown an upward trend, rising from $34,494 in 2015 to $40,726 in 2022.

Racial demographics have also changed. The white population decreased from 74% in 2015 to 66% in 2022, while the Black population increased from 17% to 19% during the same period. The area has seen an increase in racial diversity, with the percentage of residents identifying as two or more races growing from 4% to 9% between 2015 and 2022.

The completion of the Kenmore Place project in 2015 coincides with these demographic shifts, potentially responding to changing housing needs in the area. However, the limited scale of LIHTC development suggests that other factors or housing programs may be addressing affordable housing needs in this zip code.

Zip code 44314 in Akron, Ohio, has a small LIHTC-funded affordable housing presence, with just one project providing 4 low-income units. This represents a very small fraction of the estimated housing stock. The area has experienced demographic changes over the past decade, including a population decrease, increasing median income, and growing racial diversity. While the LIHTC program has made an investment in this zip code, the limited scale of development indicates that additional research into other affordable housing programs and local housing market conditions would be necessary to fully understand the affordable housing landscape in this area.