Census Tract 3, Memphis, Tennessee

Census Tract 3 is a Low-Income CommunityOpportunity Zone located in Memphis, Tennessee.

This 1.1 square milecensus tract has a population of approximately 770and is one of 32 Opportunity Zones in Shelby County.

The adjacent map shows the location of this Opportunity Zone in Tennessee.

Census Tract 3 Demographics

The charts below illustrate how this Opportunity Zone compares to the broader city, county, and state on various socioeconomic indicators:

Median Household Income

$19K

This Opportunity Zone has a median household incomeof approximately $19,000, which is 66% lowerthan the median household income for the state of Tennessee of $56,000.

Poverty Rate

30%

The percentage of households below the poverty line in this Opportunity Zone is 30%, which is 16% higherthan the rate for the state of Tennessee of 14%.

Median Home Value

$49K

This Opportunity Zone has a median home valueof approximately $49,000, which is 74% lowerthan the median home value for the state of Tennessee of $190,000.

Education

81%

This Opportunity Zone has a percentage of population with high school diplomaof approximately 81%, which is 7% lowerthan the rate for the state of Tennessee of 88%.

Median Age

49

This Opportunity Zone has a median ageof approximately 49, which is 26% higherthan the median age for the state of Tennessee of 39.

Tennessee OZ Funds

There are 9QOZ Fundsin the OpportunityDb database with an investment objective that specifically identify Tennesseeas a target market. Additional OZ funds may also invest in Tennessee; see a complete list of Opportunity Zone Funds here.

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