OZ Pitch Day - June 13, 2024
OZ Pitch Day - June 13, 2024
Census Tract 6, Jackson, Michigan
Census Tract 6 is a Low-Income CommunityOpportunity Zone located in Jackson, Michigan.
This 0.4 square milecensus tract has a population of approximately 1,000and is one of 4 Opportunity Zones in Jackson County.
The adjacent map shows the location of this Opportunity Zone in Michigan.
Census Tract 6 Demographics
The charts below illustrate how this Opportunity Zone compares to the broader city, county, and state on various socioeconomic indicators:
Median Household Income
$14K |
This Opportunity Zone has a median household incomeof approximately $14,000, which is 77% lowerthan the median household income for the state of Michigan of $60,000.
Poverty Rate
49% |
The percentage of households below the poverty line in this Opportunity Zone is 49%, which is 36% higherthan the rate for the state of Michigan of 13%.
Median Home Value
$119K |
This Opportunity Zone has a median home valueof approximately $120,000, which is 29% lowerthan the median home value for the state of Michigan of $170,000.
Education
80% |
This Opportunity Zone has a percentage of population with high school diplomaof approximately 80%, which is 11% lowerthan the rate for the state of Michigan of 91%.
Median Age
45 |
This Opportunity Zone has a median ageof approximately 45, which is 13% higherthan the median age for the state of Michigan of 40.
Michigan OZ Funds
There are 6QOZ Fundsin the OpportunityDb database with an investment objective that specifically identify Michiganas a target market. Additional OZ funds may also invest in Michigan; see a complete list of Opportunity Zone Funds here.
Fund Name | Asset Classes | Property Types | Fund Size |
---|---|---|---|
Accredited Capital | Real Estate | Multi-Family Housing, Residential, Single-Family Housing | $25M |
Beacon Rose Opportunity Zone Fund | Real Estate | Industrial, Mixed-Use, Multi-Family Housing, Residential, Student Housing | $100M |
Community Outcome Fund | Business, Real Estate | Commercial, Infrastructure, Mixed-Use, Residential | $500M |
Greatwater Opportunity Capital Detroit Opportunity Fund | Real Estate | Commercial, Mixed-Use, Multi-Family Housing, Residential | $100M |
Urban Array Opportunity Fund | Business, Real Estate | Commercial, Office, Residential | $5M |
Wefunder Detroit Opportunity Fund | Business | $100K |
There are no Opportunity Zone Funds in the OpportunityDb databasewith a focus specifically on Michigan properties.