Census Tract 3 is a Low-Income CommunityOpportunity Zone located in Montgomery, Alabama.
This 9.1 square milecensus tract has a population of approximately 1,200and is one of 12 Opportunity Zones in Montgomery County.
The adjacent map shows the location of this Opportunity Zone in Alabama.
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
This Opportunity Zone has a median household incomeof approximately $19,000, which is 63% lowerthan the median household income for the state of Alabama of $52,000.
The percentage of households below the poverty line in this Opportunity Zone is 36%, which is 21% higherthan the rate for the state of Alabama of 15%.
Median Home Value
This Opportunity Zone has a median home valueof approximately $44,000, which is 71% lowerthan the median home value for the state of Alabama of $150,000.
This Opportunity Zone has a percentage of population with high school diplomaof approximately 66%, which is 21% lowerthan the rate for the state of Alabama of 87%.
This Opportunity Zone has a median ageof approximately 43, which is 10% higherthan the median age for the state of Alabama of 39.
Alabama OZ Funds
There are 8QOZ Fundsin the OpportunityDb database with an investment objective that specifically identify Alabamaas a target market. Additional OZ funds may also invest in Alabama; see a complete list of Opportunity Zone Funds here.
There are no Opportunity Zone Funds in the OpportunityDb databasewith a focus specifically on Alabama properties.