Census Tract 56.03 is a Low-Income CommunityOpportunity Zone located in Montgomery, Alabama.
This 3.8 square milecensus tract has a population of approximately 7,100and is one of 12 Opportunity Zones in Montgomery County.
The adjacent map shows the location of this Opportunity Zone in Alabama.
Census Tract 56.03 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 $29,000, which is 44% 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 34%, which is 19% higherthan the rate for the state of Alabama of 15%.
Median Home Value
This Opportunity Zone has a median home valueof approximately $76,000, which is 49% 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 74%, which is 13% lowerthan the rate for the state of Alabama of 87%.
This Opportunity Zone has a median ageof approximately 28, which is 28% lowerthan 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.